Wellness Tourism Market Grows $ 315.47 Billion | Aspira Spa, Clinique La Prairie and Gaia Retreat & Spa emerge as dominant players

NEW YORK, January 11, 2022 / PRNewswire / –

Attractive opportunities in the global wellness tourism market

Overview of the wellness tourism market at a glance –

  • Total pages: 120

  • Companies: 10+ – Including Aspira Spa, Clinique La Prairie, Gaia Retreat & Spa, Hand & Stone Franchise Corp., HOT SPRINGS RESORT & SPA, Kempinski Hotels SA, Lanserhof GmbH, Marriott International Inc., ME SPE Franchising LLC and Rancho La Puerta Inc.

  • Blanket: Main drivers, trends and challenges; Product information and news; Value chain analysis; Parents market analysis; Supplier landscape; COVID impact and recovery analysis

  • Segments: Type (national and international) and application (physical, psychological and spiritual)

  • Geographies: North America, Europe, APAC, South America, and MEA

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According to the recent Technavio market study, the Wellness tourism market size should increase by $ 315.47 billion from 2019 to 2024, progressing at a CAGR of 7% during the forecast period. The report provides detailed analysis of drivers and opportunities, top winning strategies, competitive scenario, future market trends, market size and estimates, and major pockets of investment.

North America will register the highest growth rate, occupying 33% of the global market share. The United States is the key market for wellness tourism in North America. Market growth in this region will be slower than market growth in APAC, Europe, MEA and South America.

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Supplier Information-
The wellness tourism market is fragmented due to the presence of several regional and international players. Vendors in the bread market compete with each other by adopting a variety of organic and inorganic growth strategies.

Spa Aspira: The company offers a wide range of services and facilities such as spa services and courses, restaurants and accommodation, among others.

La Prairie Clinic: The company offers spas, comprehensive checkups, and yoga services to customers.

Gaia Retreat and Spa: The company offers a range of retreat packages such as spa services, accommodation, meals and fitness programs to achieve total relaxation and / or specific needs such as detox, weight loss, fitness. health, fitness and general well-being, among others.

Hand & Stone Franchise Corp. : The company offers facials, massage, yoga and weight loss activities to its customers.

THERMAL STATION AND SPA: The company offers a wide range of services such as spa services, accommodation and event facilities, among others for recreation and wellness.

Discover additional highlights about the vendors and their product offerings. Download a free sample report

Regional market outlook
The growth of the wellness tourism market in North America will be important during the forecast period. The growth of the wellness tourism market in North America can be attributed to factors such as the availability of a wide range of spa treatments, anti-aging treatments, and the prevalence of a large fitness-conscious population. In addition, the arrival of many new suppliers and the presence of a large number of established suppliers are contributing to the growth of the regional market.

Download our FREE sample report for more highlights on the regional market share of most of the countries mentioned above.

Latest drivers and trends driving the market –

Factors such as pressure at work, societal expectations and money issues increase stress levels in people. For example, each year about 20 in 100 people in the United States suffer from stress and mood disorders such as depression and bipolar depression. The increased stress levels create adverse lifestyle and health effects that could lead to chronic conditions such as obesity, diabetes, heart disease, and cancer. Therefore, to overcome stress, many people indulge in relaxation activities and book wellness tours to rejuvenate themselves. All these factors are driving the growth of the global wellness tourism market.

The increased penetration of the Internet has allowed small online businesses to focus on aggregating information on travel and wellness accommodation. By leveraging the data, these small businesses create online repositories and track user preferences and upcoming trends in the market. This helps them access information online and focus on delivering effective services based on advice received on particular service or wellness centers. This trend is expected to positively impact the growth of the global wellness tourism market during the forecast period.

Find additional information on various other market drivers and trends mentioned in our FREE Sample Report.

Associated reports:

Healthcare and Wellness Market by Product and Geography – Forecast and Analysis 2021-2025

Spa Market by Product, End User, Distribution Channel and Geography – Forecast and Analysis 2021-2025

Scope of the wellness tourism market

Cover of the report

Details

Page number

120

Year of reference

2019

Forecast period

2020-2024

Growth dynamics and CAGR

Accelerate to a 7% CAGR

Market growth 2021-2024

$ 315.47 billion

Market structure

Fragmented

Annual growth (%)

6.43

Regional analysis

North America, Europe, APAC, South America and MEA

Efficient contribution to the market

North America at 33%

Main consumer countries

United States, Germany, France, China and Japan

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

Aspira Spa, Clinique La Prairie, Gaia Retreat & Spa, Hand & Stone Franchise Corp., HOT SPRINGS RESORT & SPA, Kempinski Hotels SA, Lanserhof GmbH, Marriott International Inc., ME SPE Franchising LLC and Rancho La Puerta Inc.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period.

Customization

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

About Us
Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable information to help companies identify market opportunities and develop effective strategies to optimize their market positions. With more than 500 specialist analysts, Technavio’s report library. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market intelligence to identify opportunities in existing markets. and potentials and assess their competitive positions in changing market scenarios.

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SOURCE Technavio

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