About Luxury Wellness Tourism-
The luxury wellness tourist as a relatively new and promising sub-sector within the travel and tourism sector that seeks to offer travel services with wellness services. The business targets the high-end customers, who want more than recreation during the leisure time but also the well-being boost during the off-season. This kind of tourism is usually a short vacation usually involving top end hotels, holiday centers, or locations well-known for their investment in the wellness industry, this could comprise of spas, fitness centers, yoga centers, detoxify diets, meditation classes and one-on-one wellness consultants. The aim of luxury wellness tourism is to provide the consumer with physical, mental and emotional fitness in quiet, frequently exotic/picturesque places. This market is fuelled by a rising sense of the importance of health and fitness among the global populace, especially the multi-millionaires’ and the youths.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Carnoustie Ayurveda & Wellness (India), Aman Group S.a.r.l. (Switzerland), Six Senses (Thailand), The Ranch and its Associated Subsidiaries (United States), Banyan Group (Singapore), chiva-som (Thailand), IHHR Hospitality Ananda Pvt. Ltd. (India), Hyatt Corporation (United States), The Dolder Grand (Switzerland), BodyHoliday (United States), Shanti Maurice Resort & Spa (Mauritius), Cal-a-Vie Health Spa (United States), Four Seasons Hotels Limited (Canada), Rancho La Puerta Inc (Mexico), Atmantan Wellness Centre (India), fnp.com (India) and KLAFS GmbH (Germany) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Luxury Wellness Tourism- market by and Region.
On the basis of geography, the market of Luxury Wellness Tourism- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Type, the sub-segment i.e. Spa Tourism will boost the Luxury Wellness Tourism- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Traveller Type, the sub-segment i.e. Primary wellness traveler will boost the Luxury Wellness Tourism- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Category, the sub-segment i.e. International Wellness Tourism will boost the Luxury Wellness Tourism- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emerging trend in wellness tourism experimentations is more appreciation of traditions and indigenous know-hows.
Market Growth Drivers:
Growing health-conscious travelers and Global shift towards prioritizing health, wellbeing, and experiential travel.
Challenges:
Accounting for and monitoring the experiences of wellness travellers remains difficult for the industry to achieve. and Imposing a market-based product for renewing experiences to wellness tourists while protection of the resources and local ecology poses a large challenge.
Restraints:
Language barriers alone hinder the quality of their care in wellness tourism.
Opportunities:
Provide wellness activities suitable for children and adolescents, as well as adults, so families can take part in wellness tourism programs. and Identifying and developing exclusive wellness destinations can set a luxury brand apart Challenges
Market Leaders and their expansionary development strategies
In January 2024, Global kitchen and bath leader Kohler completed its acquisition of KLAFS – a market-leading manufacturer of saunas, steam rooms, and other hydrothermal features – from EGERIA. The acquisition will open new doors and take our success story to a new level and Expanding Innovation and Design Leadership of Luxury & Wellness Portfolio.
In January 2024, Gifting brand Ferns N Petals has launch of MediJourney, a medical tourism, the new launch is MediJourney is committed to prioritizing personalized well-being for individuals worldwide.
Key Target Audience
Corporate Executives and Entrepreneurs, Tourism and Travel Industry Professionals, Research Organizations, Industry Professionals and Business Leaders, Marketing and Advertising Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.