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Wellness Tourism: Market driven by America

Aug 09, 2016

According to the global wellness tourism market 2016-2020 research report, one of the key drivers for market growth will be the rise in stress on a global level, influenced by many macro and individual factors. The level of stress among adults varies from individual to individual. Untreated stress can often lead to anxiety, irritability or anger, lack of motivation or focus, restlessness, sadness, or depression. These factors weaken the immune system and exhaust the entire body physically as well as mentally, thereby having a major impact on the individual.

The analysts forecast global wellness tourism market to grow at a CAGR of 10.69% during the period 2016-2020. The global wellness tourism market research report says one of the key trends for market growth will be increasing popularity of spas and other related actives among men. The inclination of men toward spas has increased in recent years and is expected to continue to grow during the forecast period. In addition to massages, men are seeking other wellness activities such as manicures, pedicures, facials, Botox, and dermal fillers. The trend is fueled by the aging baby boomers who want to hold on to their looks.

The wellness tourism market growth is augmented by the increasing awareness about anti-aging measures to preserve looks. Many men and women are undergoing facial aesthetic procedures for a youthful appearance. The US, Brazil, Mexico, China, India, France, Italy, and South Africa are some of the countries where the demand for facial aesthetics is increasing. Currently, the Americas account for more than 43% of the overall market share to dominate the global wellness tourism market. The focus on providing unique experiences, leading to an increased tourist base coupled with renovations and refurbishments of existing spas and hotels will contribute to the growth of wellness tourism market in the Americas during the forecast period.

The domestic wellness tourism sector accounted for a market share of 66% to become the key revenue generator in the global wellness tourism market. The growth of this segment is augmented by the easy availability of activities such as fitness, spa and beauty treatments, and adventure at affordable prices. The increase in disposable income and growing awareness regarding recreational activities will further fuel the demand for domestic wellness tourism in the coming years. The countries that have the highest number of domestic wellness tourism trips are the US.

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

Global Wellness Tourism Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. The report covers the present scenario and the growth prospects of the global wellness tourism market for 2016-2020. To calculate the market size, the report considers the revenue generated from healthy diet and weight management, physical fitness and sports, beauty treatments, relaxation and stress relief, meditation, yoga, health-related education, procedures or treatments using conventional, alternative, complementary, herbal, or homeopathic medicine.

Another related report is Global Weight Management Market 2016-2020: one trend which is sweeping the market is a rise in preventive health care. Preventive healthcare will fuel the market growth positively during the forecast period due to growing health consciousness and rise in healthcare cost. The prime reasons for the rise in healthcare cost include higher prices for medical services, paying for volume over value, use of new technologies and treatments without considering effectiveness, defensive medicine, and a lack of transparency regarding prices and quality.

Wellness Tourism: Market driven by America

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