Wellness Tourism Market
Allied Market Research published a new report, titled, “Wellness Tourism Market” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.
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Travelling to places and facilities, such as hospitals, clinics, wellness SPAs, fitness centers, and wellness resorts to enrich the mental as well as physical health is a part of the lifestyle of the people, now-a-days. This shift in choice refers makes way for wellness tourism, which involves the promotion of health and personal well-being through various physical, psychological, and spiritual activities. It also includes various services such as transport, lodging, food & beverage, shopping, and others.
Rise in the global middle class and changes in lifestyle of people due to hectic routine drive the market. Furthermore, increase in obesity and chronic diseases around the world fuels the growth. However, high cost and shortage of facilities hinders the market. Development of ecotourism, cultural tourism, and sports tourism makes way for many new opportunities.
The wellness tourism market is segmented on the basis of service type, location, and geography. By service type, the market is divided into transport, lodging, food & beverage, shopping, and others. By location, it is bifurcated into domestic and international. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major player analyzed in this report are Four Seasons Hotels Ltd., Hyatt Corporation, Marriott International, Inc., Hilton Worldwide Holdings Inc., Rancho La Puerta Inc., PRAVASSA, Omni Hotels & Resorts, Canyon Ranch, Carlson Rezidor Hotel Group, and AccorHotels.
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Wellness Tourism Market Key Segments:
By Service Type
• Food & Beverage
• Others (Telecom, Insurance, and Travel Agencies)
○ The study provides an in-depth analysis of the market, with current trends and future estimations to elucidate the investment pockets.
○ Comprehensive analysis of factors that drive and restrict the growth of the market is provided.
○ The report provides a quantitative analysis to help the stakeholders to capitalize on prevailing market opportunities.
○ Extensive analysis of different segments facilitates to understand various products of the market.
○ Key players are profiled and their strategies are analyzed thoroughly, which predict the competitive outlook of the market.
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