Wellness Tourism Market Overview:
The Wellness Tourism Market study gives a complete picture of the competition, including the market share and company profiles of the key competitors in the global industry. The scope of the research includes a thorough investigation of the Wellness Tourism Market , as well as the reasons for variations in the industry’s growth in various locations.
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Market Scope:
This research study makes extensive use of secondary sources, directories, and databases, such as annual reports, press releases, journals, company websites, and databases, to discover and collect excerpts acceptable for this study.
The wellness tourism market is estimated to grow at a CAGR of 7.2% over the forecast period, from US$ 684 billion in 2021 to US$ 1192.9 billion in 2029.
Segmentation:
Domestic service, which accounts for a market share of xx percent by travel type in 2021, is anticipated to expand at a respectable CAGR of xx% throughout the course of the forecast period. Governments use discretionary pricing strategies to reduce poverty, spur job creation and economic expansion, modernise infrastructure, and lessen the burden of domestic tourism congestion. The market is expanding as a result of domestic tourists’ rising spending on wellness-related activities. Domestic travellers spent over 150 percent more money in 2017 than foreign travellers.
Key Players:
The entire method entails an examination of the key market players’ financial reports. Following the assessment of the overall market size, the market was segmented into several divisions and sub-segments and validated by key industry professionals and marketing executives. The biggest players in the Wellness Tourism Market are as follows:
• Four Seasons Hotels Limited
• KPJ Healthcare Berhad
• Hyatt Hotels Corporation
• Marriott International, Inc
• Hilton Worldwide
• VLCC Health Care Limited
• PRAVASSA
• Canyon Ranch
• Rancho La Puerta Inc
• Accor
• Hyatt Corporation
• Red Carnation Hotels
• InterContinental Hotels Group
• Marriott
• Miraval Resort & Spa
Regional Analysis:
The regional description of the Wellness Tourism Market analysis also contains individual market influencing variables and changes in market regulations that affect current and future market trends. Current and future trends are reviewed to evaluate the overall market potential and to identify profitable trends to get a more solid footing. The geographical market evaluation is based on the current environment and anticipated trends.
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COVID-19 Impact Analysis on Wellness Tourism Market :
End-user industries where Wellness Tourism Market are utilized had a drop in growth from January 2020 to May 2020 in some countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a pause in operations. This resulted in a significant fall in the revenues of businesses operating in these industries and, as a result, in demand for Wellness Tourism Market manufacturers, impacting the Wellness Tourism Market ‘s growth in 2020. With lockdowns and an increase in COVID-19 instances throughout the world, end-user business demand for Wellness Tourism Market has declined dramatically.
Key Questions Answered in the Wellness Tourism Market Report are:
- Which segment had the largest share in the Wellness Tourism Market in 2021?
- What is the competitive landscape of the Wellness Tourism Market ?
- Which are the key drivers aiding the Wellness Tourism Market growth?
- Which region has the maximum share in the Wellness Tourism Market ?
- What will be the CAGR of the Wellness Tourism Market during the forecast period (2021-2027)?
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