DUBLIN, Dec. 5, 2017 /PRNewswire/ --
The "Global Wellness Tourism Market 2017-2021" report has been added to Research and Markets' offering.
The global wellness tourism market to grow at a CAGR of 10.32% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the global wellness tourism market for 2017-2021. To calculate the market size, the report considers the tourism expenditures taken up for wellness travels, which includes healthy diet and weight management, physical fitness and sports, beauty treatments, relaxation and stress relief, meditation, yoga, and procedures or treatments using conventional, alternative, complementary, herbal, or homeopathic medicine.
The latest trend gaining momentum in the market is Emergence of online wellness aggregators. Penetration and the wide access to the Internet is a boon for this market as small online firms have been established that are focusing on aggregating information on wellness travel and accommodation. The use of the Internet to create an online repository and track user preferences are the upcoming trends in this market.
This would further boost the growth of the hotels and other wellness centers that match up to customer expectations. Customers in any part of the world can access the information online and decide on the required services based on the reviews of a particular service or wellness center. This can create a platform for travelers who share similar interests to plan their wellness tours together. Thus, the growth of the small firms that focus on aggregating information across service providers is expected to boost the wellness tourism market in the future.
According to the report, one of the major drivers for this market is Increase in mental illness. Some common forms of mental illnesses include stress, fear, anxiety, depression, and insomnia. If not addressed in their early stages, they can adversely affect physical health and lead to chronic disorders such as obesity, diabetes, heart diseases, and cancer. Stress can be caused due to environmental pressures such as work, societal expectations, and monetary problems. Stress can have adverse effects on an individual's lifestyle and health. For instance, out of 100 individual, 20% of the adults in the US experience stress every year, and mood disorders such as depression and bipolar disorders are the third major cause of hospitalization in the country.
Further, the report states that one of the major factors hindering the growth of this market is Perception of wellness tourism as a luxury travel market. Wellness and recreational activities such as mineral spas, sports, and spiritual practices that involve personal rejuvenation are conceived as a market for the elite. People perceive that wellness facilities are charged in addition to the regular tariffs and are offered only by the luxury hotels. Although regional allowances are made for domestic travelers, international travelers expect the treatment in proportion to the cost of the wellness package.
- Emergence of online wellness aggregators
- Rise in solo trips for adventurous activities among millennials
- Emergence of airports with fitness amenities
- Canyon Ranch
- Red Carnation Hotels
Other prominent vendors
- IHHR Hospitality (Ananda resort)
- Aro Ha Wellness Retreat
- Body and soul wellness center
- Four Seasons Hotels
- Gwinganna Lifestyle Retreat
- Kamalaya Koh Samui
- MARRIOTT INTERNATIONAL
- MOUNTAIN TREK FITNESS RETREAT & HEALTH SPA
- Rancho La Puerta
- Wellness & Hormone Centers of America
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Market Sizing
Part 06: Five Forces Analysis
Part 07: Market Segmentation By Application
Part 08: Market Segmentation By Types
Part 09: Regional Landscape
Part 10: Decision Framework
Part 11: Drivers And Challenges
Part 12: Market Trends
Part 13: Vendor Landscape
Part 14: Vendor Analysis
Part 15: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/fjzzmd/global_wellness
Laura Wood, Senior Manager
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