Global Wellness Tourism Market: Snapshot
The global wellness tourism market is projected to grow at a CAGR of 7.2% during the forecast period 2021-2030. Therefore, the wellness tourism market is expected to grow from US$801.6 billion in 2020 and reach a valuation of US$1,592.6 billion by 2030. Additionally, the lodging segment of the wellness tourism market had a large share in 2020.
Wellness tourism is travel to improve or maintain personal well-being. The concept is gaining traction due to people’s growing desire to achieve many outcomes such as disease prevention, healthy living, dealing with bad lifestyle habits, stress reduction and/or authentic experiences. This factor creates numerous opportunities in the global wellness tourism market. Additionally, the wellness industry is expanding due to its ability to help people use travel as an opportunity for rejuvenation, relaxation and tranquility, joy, self-fulfillment and discovery, a study of the global wellness tourism market finds.
The increasing focus of people on visiting various places and facilities including clinics, hospitals, fitness centers, wellness resorts and wellness SPAs to improve their mental and physical health is fueling the revenue growth in the global wellness tourism market.
Tourists today tend to interact with local people and learn about their culture and nature. These activities help them reduce stress, maintain a healthy lifestyle, increase their well-being and prevent disease. Therefore, an increase in the number of these travelers is predicted to create promising business prospects in the global wellness tourism market during the forecast period.
The increase in the use of computers, mobile phones and other network devices and the increase in the percentage of e-literacy in most parts of the world has led to a strong propensity for people to use online …