Wellness Tourism Market Enhancing Growth Worldwide: Market Dynamics, Revenues, Trends, Efficiencies till 2026

Posted on 2018-06-22 by Mark Hub in Industrial, Retail // 0 Comments

ROCKVILLE, US, 2018-Jun-22 — /EPR Network/ — With a prime focus on Wellness Tourism industry, research analysts of Fact. MR has publicized a comprehensive study to its online repository. This in-depth study is headlined as “Wellness Tourism Market Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2026” which discusses the historic and current scenario of the global market, along with the future prospects it holds for a 9 year assessment period, 2017 to 2026. For the benefit of the investors of the report, this research focuses on the drivers and restraints anticipated to impact the demand for Wellness Tourism Market in the coming years. Along with these insights, the report provides the readers crucial insights on the strategies implemented by leading companies to remain in the lead of this competitive market.

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Tourism continues to represent the largest and fastest growing industry as it attracts tourists from various developed and developing countries. Increasing expenditure on tourism is expected to rev up demand for wellness tourism globally. In addition, customers prefer spending their income on luxurious services such as spa therapies and aromatherapy. As need to maintain health and well-being is increasing, demand for wellness tourism is expected to remain high. Prevalence of chronic diseases will also continue to propel demand for medical and wellness tourism.

According to Fact.MR, the global wellness tourism market is expected to represent a value of over US$ 1.3 Tn by the end of 2026.

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.

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.

Market Players

Major players in the global market of wellness tourism are Allergan, Accor, Carlson Rezidor, Canyon Ranch, Fitpacking, Four Seasons, Hilton, Galderma, IHG, Hyatt, KPJ Healthcare, Ipsen, Miraval Resort & Spa, Marriott, Omni Hotels Management, Mövenpick, Rancho La Puerta, Pravassa, Starwood and Shangri-La.

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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.

Domestic Tourism to Represent a Leading Segment

As international tourism continues to remain comparatively expensive, demand for domestic tourism is expected to remain high. In terms of revenues, the domestic tourism type segment is expected to generate significant revenues, accounting for a value of over US$ 3.2 Tn by the end of 2026. However, the international tourism type segment is expected to register a robust CAGR during the forecast period.

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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Retail & Consumer Goods Market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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