Wellness Tourism Market Analysis, Revenue, Price, Market Share, Growth Rate, Forecast by 2023

Wellness Tourism Market in 360MarketUpdates.com

Global Wellness Tourism Market Report assists the Industry experts, analysts and business decision makers to isolate the current market scenario, opportunities, upcoming market trends and pricing analysis. The Wellness Tourism Market report provides crucial information about the market, including Opinions from Industry experts, and the recent progressions and developments of the Wellness Tourism industry.

The Wellness Tourism market report gives Analysis of incomes, limits and benefits of Key Manufacturers including the market holdings, offers of units, income dispersion, and the measures that have been taken to overcome the issues faced.

The global wellness tourism Market was valued at more than USD 650 billion In 2017 and is expected to register a CAGR of 6.81% during the forecast period. Wellness tourism is growing at a rapid pace that rivals the growth rate of the entire travel and tourism industry of the world. The emerging middle class, rising disposable incomes, and the growing consumer interest in travel, health, and new experiences, etc. are the key factors propelling the market. Mental disorders such as stress, frustration, and anxiety lead to health-related chronic diseases such as cancer and depression. Owing to the increasing awareness regarding mental health and physical wellness, the people across the world are keen on taking preventive measures against several illnesses at an early stage. Additionally, employers are also focusing on employee wellness to lower the cost of health care, improve morale, raise productivity, and stay competitive in the market. Most of the current workplace wellness are offered by rich countries and MNCs. However, governments and employers are aiming to provide incentives and reverse the negative trend. Hence, the growing demand for the workplace wellness creates opportunities for businesses, which offer wellness programs and services to design and build healthy workplaces.

Role of Government in Propelling The Wellness Tourism Market
The wellness tourism sector in Sri Lanka is at an early stage, randomly developing with the aid of private companies concentrating on hotel spas, Ayurveda resorts and spas, beauty clinics and yoga retreats. Hence, the Srilankan government has identified this as an important sector of the economy and has drafted a wellness tourism sector strategy as part of the National Export Strategy of Sri Lanka (2018-2022). This was designed and formulated with the participation and consultation of over 750 national, regional and sector-specific public and private stakeholders in Sri Lanka. The wellness strategy is awaiting the approval of the Cabinet of Ministers. Besides the government, some non-profit organizations are also focusing on enhancing the wellness tourism sector through various programs and initiatives. For Instance, Global Wellness Institute (GWI) started a Wellness Tourism Initiative to increase awareness, understanding, and the opportunities in one of the rapidly growing global tourism segments

Consumers’ Perception of Wellness Industry
The basic perception of the wellness tourism as a luxury travel market restrains most of the middle-class people from choosing the wellness packages. Initially, hotels used to promote the wellness services targeting only high-end customers. The changing demand pattern and the growing competition among hotel groups have made the service providers focus on the popular middle-class group with attractive economic packages. This has resulted in the rapid growth of the wellness industry. Additionally, most of the market is occupied by secondary tourists, who engage in wellness-related activities during their trip for some other purpose. However, the average spending per trip is higher for the primary wellness tourists.

Wellness Tourism Market

Wellness Tourism Market

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Top Wellness Tourism Manufacturers Covered in this report:

  • Intercontinental Group
  • Marriott International
  • Hilton Worldwide
  • Accor Hotels
  • Wyndham Hotels & Resort
  • Hyatt Hotels
  • Red Carnation Hotels
  • Radisson Hospitality
  • Home Inns Group
  • Choice Hotels International
  • Jinjiang International
  • Rosewood Hotels

Significance of Wellness Tourism Market report:

  1. Know more about Wellness Tourism industry plans that are now being comprised by major manufacturers in the market.
  2. The assessed growth rate of Wellness Tourism by size & share on the forecast period 2018-2023.
  3. The unique aspects anticipated to induce Wellness Tourism market for its forecasted period of 2023.
  4. To understand the Wellness Tourism industry scenario and its prospects.
  5. Strategies of leading Wellness Tourism Industry players for evolving the plans for success in today’s competitive market.

Reasons to Purchase Wellness Tourism Market ReportTo study the market, its current status and future forecast, in the developed and emerging marketsVarious perspectives on the market with the help of Porter’s five forces analysisDetailed analysis of the segment that is expected to dominate the marketRegions that are expected to witness the fastest growth during the forecast periodThe latest developments, market shares, and strategies employed by the major market players3-month analyst support, along with the Market Estimate sheet in excelWellness Tourism Market

Price of Report: $ 4250 (Single User License)

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In the end the Wellness Tourism Market report presents all the necessary data required to form resulting yielding business strategies for Industry experts, analysts and business decision makers to decide their business strategies and achieve proposed business aims.