Wellness tourism market to accumulate US$ 2.3 trillion by 2023, says latest Fact.MR study
Spa therapies and relaxing treatments are becoming more popular due to the increased need to maintain health through various psychological, spiritual, and physical activities.
The article Wellness tourism market to accumulate US$ 2.3 trillion by 2023, says latest Fact.MR study first appeared in TravelDailyNews International.
As per Fact.MR, the global wellness tourism market is expected to increase from a valuation of US$ 880 billion in 2023 to US$ 2.3 trillion by the end of 2033.
When wellness is not the primary reason for the trip, travelers engage in secondary tourism activities. Secondary tourism combines leisure or business travel with beneficial activities, spa services, and experiences that heal the mind and body.
The idea of traveling to maintain or improve one’s health is known as wellness tourism. The practice of wellness tourism is a way of life that involves multiple journeys to enhance and preserve one’s well-being. It is intended to put an emphasis on genuine experiences and support the goals of healthy living. Both the physical and mental health of people are improved by this.
Increasing Need to Maintain Health through Psychological, Spiritual, and Physical Activities”
Spa therapies and relaxing treatments are becoming more popular due to the increased need to maintain health through various psychological, spiritual, and physical activities. The industry is projected to expand rapidly because of the rising demand for reviving activities such as meditation and exercise as well as revitalizing traditional therapies and health and wellness foods.
An increasing number of businesses are giving their employees benefits such as paid time off and compensation for different trips they take, which is expected to encourage customers to spend money on wellness tourism. These elements are probably going to have a positive impact on market expansion.
Competitive Landscape
The main trend gaining popularity in the wellness tourism business is new technological advancements. To maintain their place in the market, major organizations involved in wellness tourism are concentrating on adopting innovative technology. Leading companies are extending their geographic reach to bring in more customers.
For instance :
- In 2019, Aman Spa opened Amanpuri, a wellness facility in Thailand that also provides medical services. The diverse development tactics used by different market participants increase competitiveness and greatly aid in the growth of the wellness tourism industry.
- In April 2021, The Atmantan Wellness Center offers wellness tourism and introduced Atmantan Naturals. It is a new wellness-tech platform that uses telehealth portal technology. This wellness facility cultivates natural herbal supplements with remarkable effectiveness and provides disease-reversal therapies. With the aid of telehealth portals, a person has access to a variety of virtual consultations with a variety of doctors and clinicians at any time.
These insights are based on a report on Wellness Tourism Market by Fact.MR.
The article Wellness tourism market to accumulate US$ 2.3 trillion by 2023, says latest Fact.MR study first appeared in TravelDailyNews International.