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Published: Jul, 2019 | Pages:
140 | Publisher: Grand View Research
Industry: Healthcare | Report Format: Electronic (PDF)
The global wellness tourism market size is expected to reach USD 1.2 trillion by 2026 registering a CAGR of 7.1%, according to a new report by Grand View Research, Inc. Rising number of health-conscious people is contributing to the increasing demand for wellness activities at popular travel destinations. Promotional campaigns arranged by various governments are also encouraging wellness tourism across the globe. Rising disposable income levels, especially in developing regions like China, India, and Mexico, have contributed to the increasing demand for wellness activities. Key companies in the market offer various wellness services, such as spa services, mindfulness training, accommodation, and food & beverages. Preference for wellness activities along with vacation due to rising cases of various health issues associated with stress, such as insufficient sleep and physical inactivity, will drive the market further. According to the National Center for Chronic Disease Prevention and Health (NCCDPHP), the productivity losses from absenteeism cost employers USD 225.8 billion or USD 1,685 per person, annually. Europe was the dominant regional market in 2018 as it has been a popular travel destination for years. On the other hand, Asia Pacific is expected to witness the fastest CAGR from 2019 to 2026. China and India are the key markets in Asia Pacific region. In India, Heaven on Earth airport spa chain announced their merger with Serena Spa in January 2016. This merger helped Heaven on Earth become the largest spa company in India. Thus, such business strategies adopted by key companies in the region will augment the market growth further. Further key findings from the study suggest: • The lodging services segment held the largest market share in 2018 and is projected to maintain its leading position throughout the forecast period • Wellness activities segment is anticipated to witness the fastest CAGR over the forecast period from 2019 to 2026 as these services focus on health and wellbeing while traveling • Based on travel purpose, the market is segmented into primary and secondary wellness tourism. The secondary segment led the market, in terms of revenue, in 2018 • The domestic travel type segment held the largest market share in 2018 owing to increased expenditure by domestic tourists on wellness activities • Some of the key companies in the global wellness tourism market are Accor Hotels, Hilton Worldwide, Hyatt Hotels, InterContinental Group, Marriot International, Radisson Hospitality, and Rosewood Hotels • In May 2018, Accor Hotels acquired Mantra Group to expand the geographical presence, especially in Asia Pacific. Accor also acquired Fairmont Raffles Hotels in July 2016 • These acquisitions helped enhance Accor's brand portfolio and provided Accor with a significant position in the hospitality industry
Table of Contents Chapter 1 Methodology and Scope 1.1 Market Segmentation & Scope 1.1.1 Service 1.1.2 Travel Purpose 1.1.3 Travel Type 1.1.4 Regional Scope 1.1.5 Estimates And Forecast Timeline 1.2 Research Methodology 1.3 Information procurement 1.3.1 Purchased Database 1.3.2 GVR's Internal Database 1.3.3 Secondary Sources 1.3.4 Primary Research 1.4 Information or Data Analysis 1.4.1 Data Analysis Models 1.5 Market Formulation & Validation 1.6 Model Details 1.6.1 Commodity Flow Analysis (Model 1) 1.6.2 Volume Price Analysis (Model 2) 1.7 List of Secondary Sources 1.8 Objectives 1.8.1 Objective - 1 1.8.2 Objective - 2 Chapter 2 Executive Summary 2.1 Market Outlook 2.2 Segment Outlook 2.2.1 Service 2.2.2 Travel Purpose 2.2.3 Travel Type 2.2.4 Region 2.3 Competitive Insights Chapter 3 Market Variables, Trends & Scope 3.1 Market Segmentation 3.2 Penetration & Growth Prospect Mapping 3.2.1 Penetration Analysis 3.2.2 Market Driver Analysis 3.2.3 Market Restraint Analysis 3.3 Wellness Tourism Market: Business Environment Analysis Tools 3.3.1 Porter's Five Forces Analysis 3.3.1.1 Bargaining Power of Suppliers 3.3.1.2 Bargaining Power of Buyers 3.3.1.3 Threat of New Entrants 3.3.1.4 Competitive Rivalry 3.3.1.5 Threat of Substitutes 3.3.2 Pestel Analysis 3.3.2.1 Political & Legal 3.3.2.2 Economic 3.3.2.3 Technological Chapter 4 Wellness Tourism Market: Service Analysis 4.1 Wellness tourism Service Market Share Analysis, 2018 & 2026 4.2 Wellness tourism Service Market: Segment Dashboard: 4.3 Market Size & Forecasts and Trend Analyses, 2015 to 2026 for the Service Segment 4.3.1 In-Country Transport 4.3.1.1 In-Country Transport Market, 2015 - 2026 (USD Billion) 4.3.2 Lodging 4.3.2.1 Lodging Market, 2015 - 2026 (USD Billion) 4.3.3 Food & Beverage 4.3.3.1 Food & Beverage Market, 2015 - 2026 (USD Billion) 4.3.4 Wellness Activities 4.3.4.1 Wellness Activities Market, 2015 - 2026 (USD Billion) 4.3.5 Shopping 4.3.5.1 Shopping Market, 2015 - 2026 (USD Billion) 4.3.6 Others 4.3.6.1 Others Market, 2015 - 2026 (USD Billion) Chapter 5 Wellness Tourism Market: Travel Purpose Analysis 5.1 Wellness tourism Travel Purpose Market Share Analysis, 2018 & 2026 5.2 Wellness tourism Travel Purpose Market: Segment Dashboard: 5.3 Market Size & Forecasts and Trend Analyses, 2015 to 2026 for the Travel Purpose Segment 5.3.1 Primary 5.3.1.1 Primary Wellness Tourism Market, 2015 - 2026 (USD Billion) 5.3.2 Secondary 5.3.2.1 Secondary Wellness Tourism Market, 2015 - 2026 (USD Billion) Chapter 6 Wellness Tourism Market: Travel Type Analysis 6.1 Wellness Tourism Travel Type Market Share Analysis, 2018 & 2026 6.2 Wellness Tourism Travel Type Market: Segment Dashboard: 6.3 Market Size & Forecasts and Trend Analyses, 2015 to 2026 for the Travel Type Segment 6.3.1 Domestic 6.3.1.1 Domestic Wellness Tourism Market, 2015 - 2026 (USD Billion) 6.3.2 International 6.3.2.1 International Wellness Tourism Market, 2015 - 2026 (USD Billion) Chapter 7 Wellness Tourism Market: Regional Analysis 7.1 Wellness Tourism Regional Market Share Analysis, 2018 & 2026 7.2 Wellness Tourism Regional Market: Segment Dashboard 7.3 Regional Market Snapshot (Market Size, CAGR, Top Verticals, Key Players, Top Trends) 7.4 Market Size, & Forecasts, and Trend Analysis, 2015 to 2026 7.4.1 North America 7.4.1.1 North America wellness tourism market, 2015 - 2026 (USD Billion) 7.4.1.1.1 U.S. 7.4.1.1.1.1 U.S. wellness tourism market, 2015 - 2026 (USD Billion) 7.4.1.1.2 Canada 7.4.1.1.2.1 Canada wellness tourism market, 2015 - 2026 (USD Billion) 7.4.2 Europe 7.4.2.1 Europe wellness tourism market, 2015 - 2026 (USD Billion) 7.4.2.1.1 U.K. 7.4.2.1.1.1 U.K. wellness tourism market, 2015 - 2026 (USD Billion) 7.4.2.1.2 Germany 7.4.2.1.2.1 Germany wellness tourism market, 2015 - 2026 (USD Billion) 7.4.2.1.3 France 7.4.2.1.3.1 France wellness tourism market, 2015 - 2026 (USD Billion) 7.4.2.1.4 Italy 7.4.2.1.4.1 Italy wellness tourism market, 2015 - 2026 (USD Billion) 7.4.2.1.5 Spain 7.4.2.1.5.1 Spain wellness tourism market, 2015 - 2026 (USD Billion) 7.4.3 Asia Pacific 7.4.3.1 Asia Pacific wellness tourism market, 2015 - 2026 (USD Billion) 7.4.3.1.1 Japan 7.4.3.1.1.1 Japan wellness tourism market, 2015 - 2026 (USD Billion) 7.4.3.1.2 China 7.4.3.1.2.1 China wellness tourism market, 2015 - 2026 (USD Billion) 7.4.3.1.3 India 7.4.3.1.3.1 India wellness tourism market, 2015 - 2026 (USD Billion) 7.4.3.1.4 Australia 7.4.3.1.4.1 Australia wellness tourism market, 2015 - 2026 (USD Billion) 7.4.3.1.5 Thailand 7.4.3.1.5.1 Thailand wellness tourism market, 2015 - 2026 (USD Billion) 7.4.3.1.6 Indonesia 7.4.3.1.6.1 Indonesia wellness tourism market, 2015 - 2026 (USD Billion) 7.4.4 Latin America 7.4.4.1 Latin America wellness tourism market, 2015 - 2026 (USD Billion) 7.4.4.1.1 Brazil 7.4.4.1.1.1 Brazil wellness tourism market, 2015 - 2026 (USD Billion) 7.4.4.1.2 Mexico 7.4.4.1.2.1 Mexico wellness tourism market, 2015 - 2026 (USD Billion) 7.4.5 Middle East And Africa (MEA) 7.4.5.1 MEA wellness tourism market, 2015 - 2026 (USD Billion) 7.4.5.1.1 South Africa 7.4.5.1.1.1 South Africa wellness tourism market, 2015 - 2026 (USD Billion) Chapter 8 Competitive Analysis 8.1 Strategic Framework/ Competition Categorization (Key innovators, Market leaders, emerging players 8.2 Vendor Landscape 8.2.1 Company Market Position Analysis (Revenue, Geographic Presence, Product Portfolio, Strategic Initiatives, Employee Strength) 8.3 Company Profiles 8.3.1 ACCOR HOTELS 8.3.1.1 Company overview 8.3.1.2 Financial performance 8.3.1.3 Product benchmarking 8.3.1.4 Strategic initiatives 8.3.1.5 SWOT analysis 8.3.2 ARO HA 8.3.2.1 Company overview 8.3.2.2 Financial performance 8.3.2.3 Product benchmarking 8.3.2.4 Strategic initiatives 8.3.2.5 SWOT analysis 8.3.3 CANYON RANCH 8.3.3.1 Company overview 8.3.3.2 Financial performance 8.3.3.3 Product benchmarking 8.3.3.4 Strategic initiatives 8.3.3.5 SWOT analysis 8.3.4 CHOICE HOTELS INTERNATIONAL 8.3.4.1 Company overview 8.3.4.2 Financial performance 8.3.4.3 Product benchmarking 8.3.4.4 Strategic initiatives 8.3.4.5 SWOT analysis 8.3.5 GRAIL SPRINGS 8.3.5.1 Company overview 8.3.5.2 Financial performance 8.3.5.3 Product benchmarking 8.3.5.4 Strategic initiatives 8.3.5.5 SWOT analysis 8.3.6 HILTON WORLDWIDE 8.3.6.1 Company overview 8.3.6.2 Financial performance 8.3.6.3 Product benchmarking 8.3.6.4 Strategic initiatives 8.3.6.5 SWOT analysis 8.3.7 HOME INNS GROUP 8.3.7.1 Company overview 8.3.7.2 Financial performance 8.3.7.3 Product benchmarking 8.3.7.4 Strategic initiatives 8.3.7.5 SWOT analysis 8.3.8 HYATT HOTELS 8.3.8.1 Company overview 8.3.8.2 Financial performance 8.3.8.3 Product benchmarking 8.3.8.4 Strategic initiatives 8.3.8.5 SWOT analysis 8.3.9 INTERCONTINENTAL GROUP 8.3.9.1 Company overview 8.3.9.2 Financial performance 8.3.9.3 Product benchmarking 8.3.9.4 Strategic initiatives 8.3.9.5 SWOT analysis 8.3.10 JINJIANG INTERNATIONAL 8.3.10.1 Company overview 8.3.10.2 Financial performance 8.3.10.3 Product benchmarking 8.3.10.4 Strategic initiatives 8.3.10.5 SWOT analysis 8.3.11 KAMALAYA KOH SAMUI CO. LTD 8.3.11.1 Company overview 8.3.11.2 Financial performance 8.3.11.3 Product benchmarking 8.3.11.4 Strategic initiatives 8.3.11.5 SWOT analysis 8.3.12 MARRIOTT INTERNATIONAL 8.3.12.1 Company overview 8.3.12.2 Financial performance 8.3.12.3 Product benchmarking 8.3.12.4 Strategic initiatives 8.3.12.5 SWOT analysis 8.3.13 RADISSON HOSPITALITY 8.3.13.1 Company overview 8.3.13.2 Financial performance 8.3.13.3 Product benchmarking 8.3.13.4 Strategic initiatives 8.3.13.5 SWOT analysis 8.3.14 RED CARNATION HOTELS 8.3.14.1 Company overview 8.3.14.2 Financial performance 8.3.14.3 Product benchmarking 8.3.14.4 Strategic initiatives 8.3.14.5 SWOT analysis 8.3.15 RED LION HOTELS CORPORATION 8.3.15.1 Company overview 8.3.15.2 Financial performance 8.3.15.3 Product benchmarking 8.3.15.4 Strategic initiatives 8.3.15.5 SWOT analysis 8.3.16 ROSEWOOD HOTELS 8.3.16.1 Company overview 8.3.16.2 Financial performance 8.3.16.3 Product benchmarking 8.3.16.4 Strategic initiatives 8.3.16.5 SWOT analysis 8.3.17 SHANGRI-LA HOTELS AND RESORTS 8.3.17.1 Company overview 8.3.17.2 Financial performance 8.3.17.3 Product benchmarking 8.3.17.4 Strategic initiatives 8.3.17.5 SWOT analysis 8.3.18 WYNDHAM HOTELS & RESORTS 8.3.18.1 Company overview 8.3.18.2 Financial performance 8.3.18.3 Product benchmarking 8.3.18.4 Strategic initiatives 8.3.18.5 SWOT analysis
List of Tables TABLE 1 List of secondary sources TABLE 2 North America wellness tourism market, by country, 2015 - 2026 (USD Billion) TABLE 3 North America wellness tourism market, by service, 2015 - 2026 (USD Billion) TABLE 4 North America wellness tourism market, by travel purpose, 2015 - 2026 (USD Billion) TABLE 5 North America wellness tourism market, by travel type, 2015 - 2026 (USD Billion) TABLE 6 U.S. wellness tourism market, by service, 2015 - 2026 (USD Billion) TABLE 7 U.S. wellness tourism market, by travel purpose, 2015 - 2026 (USD Billion) TABLE 8 U.S. wellness tourism market, by travel type, 2015 - 2026 (USD Billion) TABLE 9 Canada wellness tourism market, by service, 2015 - 2026 (USD Billion) TABLE 10 Canada wellness tourism market, by travel purpose, 2015 - 2026 (USD Billion) TABLE 11 Canada wellness tourism market, by travel type, 2015 - 2026 (USD Billion) TABLE 12 Europe wellness tourism market, by country, 2015 - 2026 (USD Billion) TABLE 13 Europe wellness tourism market, by service, 2015 - 2026 (USD Billion) TABLE 14 Europe wellness tourism market, by travel purpose, 2015 - 2026 (USD Billion) TABLE 15 Europe wellness tourism market, by travel type, 2015 - 2026 (USD Billion) TABLE 16 U.K. wellness tourism market, by service, 2015 - 2026 (USD Billion) TABLE 17 U.K. wellness tourism market, by travel purpose, 2015 - 2026 (USD Billion) TABLE 18 U.K. wellness tourism market, by travel type, 2015 - 2026 (USD Billion) TABLE 19 Germany wellness tourism market, by service, 2015 - 2026 (USD Billion) TABLE 20 Germany wellness tourism market, by travel purpose, 2015 - 2026 (USD Billion) TABLE 21 Germany wellness tourism market, by travel type, 2015 - 2026 (USD Billion) TABLE 22 France wellness tourism market, by service, 2015 - 2026 (USD Billion) TABLE 23 France wellness tourism market, by travel purpose, 2015 - 2026 (USD Billion) TABLE 24 France wellness tourism market, by travel type, 2015 - 2026 (USD Billion) TABLE 25 Italy wellness tourism market, by service, 2015 - 2026 (USD Billion) TABLE 26 Italy wellness tourism market, by travel purpose, 2015 - 2026 (USD Billion) TABLE 27 Italy wellness tourism market, by travel type, 2015 - 2026 (USD Billion) TABLE 28 Spain wellness tourism market, by service, 2015 - 2026 (USD Billion) TABLE 29 Spain wellness tourism market, by travel purpose, 2015 - 2026 (USD Billion) TABLE 30 Spain wellness tourism market, by travel type, 2015 - 2026 (USD Billion) TABLE 31 Asia Pacific wellness tourism market, by country, 2015 - 2026 (USD Billion) TABLE 32 Asia Pacific wellness tourism market, by service, 2015 - 2026 (USD Billion) TABLE 33 Asia Pacific wellness tourism market, by travel purpose, 2015 - 2026 (USD Billion) TABLE 34 Asia Pacific wellness tourism market, by travel type, 2015 - 2026 (USD Billion) TABLE 35 Japan wellness tourism market, by service, 2015 - 2026 (USD Billion) TABLE 36 Japan wellness tourism market, by travel purpose, 2015 - 2026 (USD Billion) TABLE 37 Japan wellness tourism market, by travel type, 2015 - 2026 (USD Billion) TABLE 38 China wellness tourism market, by service, 2015 - 2026 (USD Billion) TABLE 39 China wellness tourism market, by travel purpose, 2015 - 2026 (USD Billion) TABLE 40 China wellness tourism market, by travel type, 2015 - 2026 (USD Billion) TABLE 41 India wellness tourism market, by service, 2015 - 2026 (USD Billion) TABLE 42 India wellness tourism market, by travel purpose, 2015 - 2026 (USD Billion) TABLE 43 India wellness tourism market, by travel type, 2015 - 2026 (USD Billion) TABLE 44 Australia wellness tourism market, by service, 2015 - 2026 (USD Billion) TABLE 45 Australia wellness tourism market, by travel purpose, 2015 - 2026 (USD Billion) TABLE 46 Australia wellness tourism market, by travel type, 2015 - 2026 (USD Billion) TABLE 47 Latin America wellness tourism market, by country, 2015 - 2026 (USD Billion) TABLE 48 Latin America wellness tourism market, by service, 2015 - 2026 (USD Billion) TABLE 49 Latin America wellness tourism market, by travel purpose, 2015 - 2026 (USD Billion) TABLE 50 Latin America wellness tourism market, by travel type, 2015 - 2026 (USD Billion) TABLE 51 Brazil wellness tourism market, by service, 2015 - 2026 (USD Billion) TABLE 52 Brazil wellness tourism market, by travel purpose, 2015 - 2026 (USD Billion) TABLE 53 Brazil wellness tourism market, by travel type, 2015 - 2026 (USD Billion) TABLE 54 Mexico wellness tourism market, by service, 2015 - 2026 (USD Billion) TABLE 55 Mexico wellness tourism market, by travel purpose, 2015 - 2026 (USD Billion) TABLE 56 Mexico wellness tourism market, by travel type, 2015 - 2026 (USD Billion) TABLE 57 MEA wellness tourism market, by country, 2015 - 2026 (USD Billion) TABLE 58 MEA wellness tourism market, by service, 2015 - 2026 (USD Billion) TABLE 59 MEA wellness tourism market, by travel purpose, 2015 - 2026 (USD Billion) TABLE 60 MEA wellness tourism market, by travel type, 2015 - 2026 (USD Billion) TABLE 61 South Africa wellness tourism market, by service, 2015 - 2026 (USD Billion) TABLE 62 South Africa wellness tourism market, by travel purpose, 2015 - 2026 (USD Billion) TABLE 63 South Africa wellness tourism market, by travel type, 2015 - 2026 (USD Billion)
List of Figures Fig. 1 Market research process Fig. 2 Information procurement Fig. 3 Primary research pattern Fig. 4 Market research approaches Fig. 5 Value chain based sizing & forecasting Fig. 6 QFD modelling for market share assessment Fig. 7 Market formulation & validation Fig. 8 Wellness tourism market outlook, 2018 Fig. 9 Market trends & outlook Fig. 10 Wellness tourism market segmentation Fig. 11 Penetration & growth prospect mapping Fig. 12 Market driver relevance analysis (Current & future impact) Fig. 13 Market restraint relevance analysis (Current & future impact) Fig. 14 Wellness tourism service market share analysis, 2018 & 2026 Fig. 15 Wellness tourism service market: Segment dashboard Fig. 16 In-country transport market, 2015 - 2026 (USD Billion) Fig. 17 Lodging market, 2015 - 2026 (USD Billion) Fig. 18 Food & beverage market, 2015 - 2026 (USD Billion) Fig. 19 Wellness activities market, 2015 - 2026 (USD Billion) Fig. 20 Shopping market, 2015 - 2026 (USD Billion) Fig. 21 Others market, 2015 - 2026 (USD Billion) Fig. 22 Wellness tourism travel purpose market share analysis, 2018 & 2026 Fig. 23 Wellness tourism travel purpose market: Segment dashboard Fig. 24 Primary wellness tourism market, 2015 - 2026 (USD Billion) Fig. 25 Secondary wellness tourism market, 2015 - 2026 (USD Billion) Fig. 26 Wellness tourism travel type market share analysis, 2018 & 2026 Fig. 27 Wellness tourism travel type market: Segment dashboard Fig. 28 Domestic wellness tourism market, 2015 - 2026 (USD Billion) Fig. 29 International wellness tourism market, 2015 - 2026 (USD Billion) Fig. 30 Wellness tourism regional market share analysis, 2018 & 2026 Fig. 31 Wellness tourism regional market: Segment dashboard Fig. 32 Regional market place: Key takeaways Fig. 33 North America wellness tourism market, 2015 - 2026 (USD Billion) Fig. 34 U.S. wellness tourism market, 2015 - 2026 (USD Billion) Fig. 35 Canada wellness tourism market, 2015 - 2026 (USD Billion) Fig. 36 Europe wellness tourism market, 2015 - 2026 (USD Billion) Fig. 37 U.K. wellness tourism market, 2015 - 2026 (USD Billion) Fig. 38 Germany wellness tourism market, 2015 - 2026 (USD Billion) Fig. 39 France wellness tourism market, 2015 - 2026 (USD Billion) Fig. 40 Italy wellness tourism market, 2015 - 2026 (USD Billion) Fig. 41 Spain wellness tourism market, 2015 - 2026 (USD Billion) Fig. 42 Asia Pacific wellness tourism market, 2015 - 2026 (USD Billion) Fig. 43 Japan wellness tourism market, 2015 - 2026 (USD Billion) Fig. 44 China wellness tourism market, 2015 - 2026 (USD Billion) Fig. 45 India wellness tourism market, 2015 - 2026 (USD Billion) Fig. 46 Australia wellness tourism market, 2015 - 2026 (USD Billion) Fig. 47 Latin America wellness tourism market, 2015 - 2026 (USD Billion) Fig. 48 Brazil wellness tourism market, 2015 - 2026 (USD Billion) Fig. 49 Mexico wellness tourism market, 2015 - 2026 (USD Billion) Fig. 50 MEA wellness tourism market, 2015 - 2026 (USD Billion) Fig. 51 South Africa wellness tourism market, 2015 - 2026 (USD Billion) Fig. 52 Strategy framework Fig. 53 Wellness tourism competitive landscape: Market position analysis (based on products, regional presence, and recent updates (2018))
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