The wellness tourism market is experiencing rapid growth,

Wellness tourist market

According to a new report published by Allied Market Research, titled Wellness Tourism Market by Service Type, Location, Travelers Type: Global Opportunity Analysis and Industry Forecast, 2021-2030. The report provides a detailed analysis of key investment areas, top winning strategies, drivers and opportunities, market size and estimates, competitive landscape and changing market trends. ???? 𝟐𝟎𝟐𝟏 𝐭𝐨 𝟐𝟎𝟑𝟎.

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The Ministry of Tourism has taken many steps to market India as a medical and wellness tourism destination. The Ministry has established a National Council for Medical and Wellness Tourism, with the Minister (Tourism) as the Chairman, to further the cause of promoting medical tourism, wellness tourism and Ayurveda tourism.

The wellness tourism market is fueled by several factors, including the growing global middle class, a growing consumer tendency to adopt healthier lifestyles, a surge in interest in experiential travel, and the increasing affordability of flights and travel options. Europe remains the top destination for a significant number of wellness trips, while North America leads the way in wellness tourism spending. The Asia Pacific region has experienced remarkable growth in both the number of wellness trips taken and spending on wellness tourism, driven by robust economies and a growing middle class.

Both the tourism sector and the overall wellness economy are expected to outpace the growth rate of the global economy. Wellness tourism sits at a crucial intersection between these two sectors and offers significant opportunities for various stakeholders, including the hospitality industry, wellness companies and the residents and governments of destination countries and regions, to reap substantial benefits from this fast-growing market.

Traveling to maintain or improve health is known as wellness tourism. It is driven by the desire to live a healthy lifestyle, avoid illness, reduce stress, control troubling lifestyle behaviors, and/or gain authentic experiences. This will prevent consumers from reclaiming travel as a source of leisure, renewal, discovery, joy and self-actualization. by working together with the welfare sector. Wellness tourism, which involves the promotion of health and personal well-being through various physical, psychological and spiritual activities, is a result of this shift in preference. It also includes transportation, housing, food and beverage, shopping and other food services.

The Ministry of Tourism has developed a draft national strategy and roadmap for medical and wellness tourism for the smooth functioning of the wellness tourism sector. The Ministry of Tourism has sought feedback/comments/suggestions from the designated Central Ministries, all State Governments/UT Administrations and industry players on the draft National Strategy and Roadmap to make the document more complete. On the other hand, the global Wellness Institute launched a wellness tourism initiative to increase awareness, knowledge and opportunities in one of the fastest growing areas of global tourism.

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With the rise of wellness tourism, Ayurveda institutes, hostel and hospitality chains such as Airbnb and wellness centers/resorts have experienced an increase in appointments and requests. According to internet booking portals, daily bookings at wellness resorts and institutes have increased by 1,000 percent. As Airbnb points out, there is growing interest in rural destinations. With the increased rate of immunization, individuals are willing to embrace their usual travel. Still, the majority of tourists are likely to visit domestic and provincial attractions.

In the US, the travel industry is, for all intents and purposes, confined to its homegrown borders. US explorers enjoy visiting foreign areas within the US and have no plans for the global travel industry. Interest in urban communities and rural areas such as mountains, lakes and beach destinations is increasing in the US due to the rising costs of travel to well-known travel destinations.

Tavistock Development Company announced an intention to build an innovative wellness, performance and medically integrated exercise center in Lake Nona, Orlando. The medically integrated exercise center will be built in partnership with Signet LLC and its subsidiary Integrated Wellness Partners (IWP). The new wellness campus is expected to be one of the largest in the country, with a wide range of health and wellness offerings. The new wellness campus should be one of the most comprehensive in the region, offering a wide range of wellness programs, healthcare programs and administrations for the entire community.

𝐓𝐡𝐞 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐐 𝐩𝐨𝐫𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞:

• Accor SA
• Canyon Ranch
• Four Seasons Hotels Ltd.
• Hilton Worldwide Holdings Inc.
• Hyatt Hotels Corporation
•Marriott International Inc.
• Omni Hotels & Resorts
• PRAVASSA
• Radisson Hospitality Inc.
• Rancho La Puerta Inc.

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:

○ The report provides a quantitative analysis of the current wellness tourism market trends, estimates and market size dynamics from 2020 to 2030 to identify the prevailing opportunities in the wellness tourism market.
○ Porter’s Five Forces Analysis highlights the potential of buyers and suppliers to empower stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
○ In-depth analysis and market sizing and segmentation help determine market potential.
○ Key countries in each region are mapped based on their revenue contribution to the market.
○ The market player positioning segment facilitates benchmarking and provides clear insight into the current position of the market players in the wellness tourism market.

𝐏 𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭:

• Provide strategically important information, analysis and insights about competitors to formulate effective R&D strategies.
• Recognize emerging players with a potentially strong product portfolio and create effective counter-strategies to gain competitive advantage.
• Classify potential new customers or partners in the target group.
• Develop tactical initiatives by understanding the focus areas of leading companies.
• Plan mergers and acquisitions in a creditable manner by identifying top manufacturers.
• Develop and design in- and out-licensing strategies by identifying potential partners with the most attractive projects to enhance and expand business potential and scope.
• The report will be updated with the latest data and delivered to you within 2-4 working days of ordering.
• Suitable for supporting your internal and external presentations with reliable, high-quality data and analyses.
• Create regional and country strategies based on local data and analysis.

𝐅𝐫𝐞𝐪𝐮𝐞𝐧𝐭𝐥𝐲 𝐀𝐬𝐤𝐞𝐝?

Q1. What will be the wellness tourism market size between 2021 and 2030?
Question 2. What is the CAGR of wellness tourism?
Q3. How can I get a sample wellness tourism report?
Q4. What are the top companies in the wellness tourism industry?
Question 5. What are the segments of the Wellness Tourism market?
Question 6. What base year is calculated in the wellness tourism market report?
Question 7. How will the major current trends shape the market in the future?
Question 8. Which region holds the maximum market share in the global wellness tourism market?

” 𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐧𝐬𝐢𝐠𝐡𝐭𝐬:

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