Wellness Tourism Market Growth Prospects, Key Vendors, Future Scenario Forecast to 2026 || Expedia Group ,Booking Holdings ,Travel Leaders Group ,Ayurva Traveller

Wellness tourism is travel associated with the pursuit of maintaining or enhancing one’s personal wellbeing. Wellness tourism is the powerful intersection of two large and growing industries: tourism industry & wellness industry. Preferences have rapidly gone mainstream over the decade, as consumers try to stave off chronic disease and deteriorating mental health associated with an increasingly sedentary, unhealthy, digitized, and stressful lifestyle. Most people who enjoy a wellness vacation are repeat customers because it satisfies them in a way that no other holiday does. Spending globally by wellness travelers is distributed among many segments of the tourism industry, from food and lodging to activities, excursions, shopping, and other services. Because wellness travelers tend to be high-spenders and favor experiences that are authentic and unique, there is less pressure for destinations to engage in a “race to the bottom” strategy that competes on price and quantity. Spa tourism remains a significant and high-growth segment in wellness tourism.

The Wellness Tourism Market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2021-2026). The assessment provides a 360° view and insights, outlining the key outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions for improved profitability. In addition, the study helps venture or private players in understanding the companies more precisely to make better informed decisions.

Major Players are:

Expedia Group (United States),Booking Holdings (United States),Travel Leaders Group (United States),Ayurva Traveller (Sri Lanka),Spa Wellness Travel (Australia),Spirit Tours (United States),Bamba Experience (Mexico),Well Traveled (United States),Spirit Journeys (United Kingdom),Odyssey Tours & Travels (India)

NOTE: Our analysts monitoring the situation across the globe explain that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.

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The titled segments and sub-section of the market are illuminated below:
Type (Domestic Trip, International Trip), Activities Offered (Spas, Meditation, Yoga, Ayurveda Retreats, Nordic Wellness, Climatic Health Resorts, Hot Springs, Sand Baths, Others), Traveller (Primary, Secondary)

Market Trends:
Regions Are Prioritizing the Wellbeing of Their Residents and Their Environment to Create Their Own Unique Wellness Value Proposition and Brand

Market Drivers:
Fast Growing Tourism Segment Owing To Increased Affordability of Flights & Travel Options
Growing Consumer Desire to Adopt a Wellness Lifestyle

Years considered for this report:
 Historical Years: 2015-2020
 Base Year: 2020
 Estimated Year: 2021
 Forecast Period: 2021-2026

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What benefits does AMA research study is going to provide?
• Latest industry influencing trends and development scenario
• Open up New Markets
• To Seize powerful market opportunities
• Key decision in planning and to further expand market share
• Identify Key Business Segments, Market proposition & Gap Analysis
• Assisting in allocating marketing investments

What are the market factors that are explained in the Wellness Tourism Market report?

– Key Strategic Developments: Strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors.
– Key Market Features: Including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin.
– Analytical Tools: The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

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Key Questions Answered in the Report:
• How much is the Wellness Tourism Market Worth?
• What is the Growth Rate of the Wellness Tourism Market?
• Which Segment of the Wellness Tourism to Hold the Highest Market Share?
• Which Segment of the Wellness Tourism Market to Witness Fastest Growth Rate?
• Which Region to Hold the Biggest Market Share?
• Who are the Key Players of the Wellness Tourism Market?

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