Global Wellness Tourism Market Analysis, Trend, Size, Share, and Forecast 2017 – 2026

Dublin 2, Ireland, 2018-Apr-06 — /EPR Network/ — The global market discussion on “Wellness Tourism” can be found in the latest study by Fact.MR, which has been freshly added to its massive collection of research database. The report is titled “Wellness Tourism Market Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2026”, which works to enlighten the readers about the major factors prompting the growth of the concerned market. Apart from that, the research majorly focuses on global wellness tourism market’s competitive outlook by profiling major players functioning across the globe. As the report moves ahead, information regarding the prominent trends as well as opportunities in the key geographical segments have also been elaborated, thus enabling companies to be able to make region-specific strategies for gaining competitive lead. Some of the prime regions emphasized in the study include key regions.

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Factors Fuelling Global Market Growth

Growth of the global wellness tourism market is projected to be bound by various macro-economic and micro-economic factors. Increasing number of tourists from various developed and developing countries prefer spending on wellness travelling plans in order to maintain their well-being and health. As maintaining health and well-being is becoming important, the leading players in the hospitality sector are increasingly capitalizing on the health-conscious customers. In order to accommodate the health-conscious customers, the market players in the hospitality industry are offering in-room yoga mats and incorporating fitness facilities in their hotels. Demand for the wellness tourism is projected to remain bound to growing need for pain and stress management during the forecast period.

In addition, the wellness tourists are also pursuing various outdoor activities in order to enhance their traveling experiences and their personal well-being. Besides accommodating various healthcare facilities, the hotels are also offering outdoor packages for the tourist in order to offer convenience while traveling. Customers are increasingly preferring to spend on wellness tourism attributed to various relaxing and rejuvenating activities such as sauna therapies, yoga and massage. Further, growing need for anti-ageing therapies is encouraging customers to spend their income on well travelling programs. Demand for maintaining health and fitness, and spa travel while travelling is expected to shape the global market growth of wellness tourism positively.

Prevalence of various chronic diseases including obesity, diabetes and heart diseases will continue to impact the global market growth positively. In a recent report, CDC states that 3 in 4 citizens of America within the age of 65 years and more have multiple chronic disorders such as arthritis, diabetes and high blood pressure problems. As tourists spending on the wellness travelling programs include various chronic patients, demand for chronic care management and relaxing spa therapies is expected to remain high. Moreover, various hotels are incorporating sauna therapies and steam baths for the tourists and guests for the tourists with physical disabilities. Spa centers are also offering hydropathic therapies for the patients who cannot move. Such factors are expected to contribute towards the global market growth of wellness tourism during the forecast period.

As stressful and hectic lifestyle continues to hamper the work and output of employees, organizations are encouraging their employees to spend on trips and tours. Employers in various companies are offering refundable vouchers on various trips and casual leaves for vacation to ensure their employees maintain well-being and good health. Growing need for de-stressing, detoxification, relaxing and rejuvenating is projected to rev up demand for tourism and spa therapies. Such factors is projected to impact the global market growth of wellness tourism positively.

Sales through International Tourism to Remain High

Demand for domestic tourism will continue to remain high compared to international tourism in the global market. Attributed to reasonable prices of the travel packages, domestic tourism will continue to be more preferred. On the basis of tourism type, the domestic tourism segment is projected to represent robust revenue growth, recording more than US$ 3.2 Tn by 2026-end. On the other hand, the international tourism type segment is projected to reflect a healthy CAGR throughout the forecast period.

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Stressful Lifestyle to Boost Demand

Growing need to maintain health through various psychological, spiritual and physical activities has led to an upsurge in demand for spa therapies and relaxing treatments. Increasing demand for refreshing meditation, exercise, rejuvenating traditional therapies and healthy food is expected to rev up growth of the global wellness tourism market significantly. Fast-paced and stressful lifestyle leads to increasing body pain in joints and other parts of body. Customers prefer spending on various relaxing spa therapies in order to relieve and manage body pain. Growth of the global wellness tourism market will continue to remain bound to surge in demand for detoxification, de-stressing and pain management globally.

Chronic Diseases to Underscore Significant Growth Opportunities

Prevalence of chronic diseases such as arthritis, heart disease and obesity is expected to rev up demand for wellness tourism globally. According to CDC, 3 in 4 citizens in the U.S. who fall in the age bracket of 65 years and above have multiple chronic conditions including diabetes, high blood pressure and arthritis. Increasing demand for chronic care management has further led customers to spend on wellness tourism. Growing need for spa therapies including steam baths and sauna treatments that detoxify the system through skin and helps in reducing weight is expected to encourage customers to spend on wellness tourism and various therapies offered in the tourism package.

Employee Benefits to Impact Global Market Growth

Sedentary and stressful lifestyle is expected can hinder the performance of the employees of a company. Employers are increasingly offering various employee benefits such as travel refunds and leaves for vacations to ensure good health and well-being of the employees. As increasing number of companies are extending employee benefits, demand for wellness tourism is expected to remain high globally.

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