As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
The global wellness tourism market attained a value of USD 732 billion in 2019. The wellness tourism market is further expected to grow in the forecast period of 2020-2025 at a CAGR of nearly 7% to reach USD 1098.5 billion by 2025. The market is primarily being driven by the rising number of tourists worldwide. Europe dominates the global market currently.
Get a Free Sample Report with Table of Content - Download Now
Properties and Applications
Wellness tourism promotes good health and well-being through physical, psychological, and mental activities. While well-being tourism is often compared to medical tourism, as visitors are driven by the health interests of the public, wellness tourists are cautious, often concentrating on prevention and medical tourists are committed to improving or preserving health and quality of life.
Based on type, the wellness tourism market can be divided into:
On the basis of activity, the wellness tourism market is segmented into:
The industry can be broadly categorised on the basis of its purpose into:
The EMR report looks into the regional markets of wellness tourism like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
The enhancement of ecotourism, cultural tourism, and sports tourism is likely to create many new opportunities for the market. Hectic work schedules and sedentary lifestyles combined with the lack of physical activities have led to increased cases of certain lifestyle related diseases, like diabetes, obesity, and high cholesterol levels. Secondary activities are the leading segment, whereas primary segment is expected to witness a faster growth in the coming years. Activities of secondary tourism include visitors seeking relaxation while it is not the main motivation of the visit. Healthy exercise, spa treatments, and experiences of mind and body are applied to leisure or business trips in the secondary tourism segment. Domestic service is the leading type in the industry.
The report presents a detailed analysis of the following key players in the global wellness tourism market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the wellness tourism market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Questions Answered in the Report:
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.5 Market Models
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Wellness Tourism Market Analysis
6.1 Figure: Global Wellness Tourism Historical Market (2015-2019)) & Forecast (2020-2025)
6.2 Chart: Global Wellness Tourism Market Breakup by Travel Type
6.3 Figure: Global Wellness Tourism Market Breakup by Travel Type: Historical Market (2015-2019)) & Forecast (2020-2025)
6.4 Chart: Global Wellness Tourism Market Breakup by Activity
6.4.1 Beauty and Anti-Ageing
6.4.2 Health and Nutrition
6.4.3 Fitness and Weight Management
6.4.4 Preventive and Personalized Medicine
6.4.5 Complementary and Alternative Medicine
6.4.6 Spa Industry
6.4.7 Workplace Wellness
6.5 Figure: Global Wellness Tourism Market Breakup by Activity: Historical Market (2015-2019)) & Forecast (2020-2025)
6.5.1 Beauty and Anti-Ageing
6.5.2 Health and Nutrition
6.5.3 Fitness and Weight Management
6.5.4 Preventive and Personalized Medicine
6.5.5 Complementary and Alternative Medicine
6.5.6 Spa Industry
6.5.7 Workplace Wellness
6.6 Chart: Global Wellness Tourism Market by Purpose
6.7 Figure: Global Wellness Tourism Market by Purpose: Historical Market (2015-2019)) & Forecast (2020-2025)
6.8 Chart: Global Wellness Tourism Market by Region
6.8.1 North America
188.8.131.52 United States of America
184.108.40.206 United Kingdom
6.8.3 Asia Pacific
6.8.4 Latin America
6.8.5 Middle East and Africa
220.127.116.11 Saudi Arabia
18.104.22.168 United Arab Emirates
22.214.171.124 South Africa
6.9 Figure: Global Wellness Tourism Market by Region: Historical Market (2015-2019)) & Forecast (2020-2025)
6.9.1 North America
126.96.36.199 United States of America
188.8.131.52 United Kingdom
6.9.3 Asia Pacific
6.9.4 Latin America
6.9.5 Middle East and Africa
184.108.40.206 Saudi Arabia
220.127.116.11 United Arab Emirates
18.104.22.168 South Africa
7 SWOT Analysis
8 Porter’s Five Forces Analysis
8.2 Buyer’s Power
8.3 Supplier’s Power
8.4 New Entrants
8.5 Degree of Rivalry
9 EMR’s Key Indicators for Demand
10 EMR’s Key Indicators for Price
11 Competitive Landscape & Supplier Analysis
11.1 Intercontinental Hotels Group (LON: IHG)
11.1.1 Company Overview
11.1.2 Financial Analysis
11.2 Marriott International, Inc. (NASDAQ: MAR)
11.2.1 Company Overview
11.2.2 Financial Analysis
11.3 Hilton Worldwide Holdings, Inc. (NYSE: HLT)
11.3.1 Company Overview
11.3.2 Financial Analysis
11.4 Accor SA (EPA: AC)
11.4.1 Company Overview
11.4.2 Financial Analysis
11.5 Wyndham Hotels & Resorts, Inc. (NYSE: WH)
11.5.1 Company Overview
11.5.2 Financial Analysis
11.6 Hyatt Hotels Corporation (NYSE: H)
11.6.1 Company Overview
11.6.2 Financial Analysis
11.7 Red Carnation Hotels Ltd.
11.7.1 Company Overview
11.7.2 Financial Analysis
12 Events and Developments
EMR is one of the foremost business intelligence and market research companies with a database of syndicated and customised reports spanning more than 100 industries across global and regional markets. We leverage the knowledge of our highly skilled team of over 100 analysts and more than 3000 independent consultants to provide our clients with thoroughly researched and reliable data tailored to their requirements. We help our clients, who range from Fortune 1000 companies to medium and niche enterprises, make informed strategic decisions through our varied tools and methodology.
Our meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. We understand the distinct nature and requirements for each industry and thus, modify our methodology to best fit the industry in question. Our research methodology uses a combination of cutting-edge analytical tools and the expertise of our highly accomplished team, thus, providing our customers with industry insights that are accurate, actionable, and help them remain ahead of their competition. EMR’ s fine-tuned research methodology and data analysis, formulated through years of cross-industry experience of our team, ensure that our clients are provided with:
Our approach gives our clients a comprehensive assessment of the prevailing and projected industry conditions through the collection, collation, and analysis of data from trusted sources.
We assess the historical, prevailing, and expected prices of commodities and raw materials by analysing our assiduously collected data from verified primary and secondary sources. Our assessments reflect the market values of related commodities within a region to help our consumers understand the interdependencies and formulate profitable industry strategies. Our price assessments cover both the average global prices along with the prevailing regional prices.
Our market assessments determine the global and regional production and consumption of the product, according to their value and volume. We identify the key growth drivers, opportunities, and restraints that might promote or hinder the future industry growth along with an expansive overview of the competitive landscape to help our clients make informed strategic decisions. We also take into account the demographic, economic, cultural, and political factors that might influence the market.
We gather market intelligence through our extensive database of reliable secondary sources and our exhaustive interviews with multiple industry stakeholders. The information gathered through our primary and secondary sources help us verify and extrapolate data relating to prices, trade, and market fluctuations along with the latest developments in the industry.
As a part of our primary research, we interact with highly placed industrial professionals possessing an expansive and meticulous insight into the market. We conduct our interviews via mails, telephonic conversations, and one-on-one meetings. Thus, our exhaustive interviews with both buyers and consumers help us provide our clients with verified intelligence regarding the market size, share, drivers, prices, and forecast along with a detailed assessment of your supply chain.
EMR has access to extensive internal and subscribed databases, which apprise us of the historical and prevailing industry conditions and help us forecast the market for the coming few years. Our secondary research involves a wide array of sources ranging from the annual and financial reports of the key players in the industry to governmental and regulatory databases. We refer to various scientific and industry publications and whitepapers to form a comprehensive understanding of the product and the supply chain. Our wide-ranging research also refers to relevant articles and press releases to provide our customers with an up-to-date understanding of the contemporary market. We derive extensive raw data from our secondary research, which then go through a thorough verification and validation process, to help us formulate an exhaustive understanding of the industry, the supply chain, the competitive landscape, and the product.
Other Analyst Tools and Data Models
Our extensive and intricate data models, formulated through our propriety technological and analytical resources, help you easily comprehend the expansive market data and aid you in framing vital business and industry strategies. Our tools provide you with a cohesive understanding of the industry outlook, taking into account the qualitative and quantitative market variables. Our analytical tools and models are regularly updated according to the changes in the continually evolving market scenarios as well as being adapted to best meet our client’s specific needs. Our research methods involve a blend of the best technological tools used in the industry along with the expertise of our analysts and consultants who can spot and assess the implications of the subtle factors influencing the more complex markets.
Our market assessments take into consideration only those data that are confirmed and are derived from credible and transparent sources. Thus, our clients are presented with accurate and infallible data which can be incorporated into their business strategies.
Before our data is presented to the clients, they undergo an intensive cross-verification and validation process. We corroborate the data gathered through our primary and secondary research by the review and validation of the initial sources along with the verification of the data from other thoroughly vetted sources.
Our qualitative and quantitative assessments are time-sensitive, reflecting the most recent value and volume of the market across regions. By constantly updating our databases and reports to reflect the changes taking place in the industry, our market and price assessments accurately reflect the prevailing industry conditions.
Thus, our rigorous data collection, thorough statistical analysis, and specialist assessments ensure that our clientele has a greater understanding of the industry space, supply chain, price fluctuations, competitive landscape, and other vital factors, helping them emerge as the undisputed industry leaders in their respective fields.
Single User License
Five User License
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.