Global Health and Wellness Tourism: Medical and Spa Inbound Tourism Flows and Expenditure

2017-09-29
Price :
Published : Sep-2017
No. of Pages : 35

Global Health and Wellness Tourism: Medical and Spa Inbound Tourism Flows and Expenditure

Summary

Tourism is benefiting from growing consumer interest in health and wellness, with a growing number of medical and spa destinations appearing across the globe. While medical tourism is driven largely by greater affordability of higher quality services and the reducing costs of travel, spa tourism is supported by a more pervasive trend of experiential consumption and permissible indulgences (the idea that it is ‘okay’ to spend money on wellness), a need for an antidote to the stresses of modern life, as well as increased exposure to such concepts as they gain ground globally.

Inbound medical tourism refers to people traveling to a country other than their own, whose primary purpose of travel is to receive medical treatment. The global industry is expanding as many countries; especially emerging economies, are promoting it. Furthermore, low transportation costs due to growing presence of low cost carriers and availability of useful information related to medical tourism are driving its growth.

Global spa tourism market is booming, the total spending of inbound spa visits globally to US$ 22.2 Billion in 2016 (based on an assessment of trends in the major markets). Rising disposable income in emerging economies continues to be the main driver of spa tourism, supported by hectic lifestyles and work pressures, which drive the need to de-stress. The market is set to grow at a CAGR of 4.9% from 2017-2021.

In 2016, Europe was the largest inbound tourism market globally, driven by its “holistic wellness concept”, where the spa industry goes beyond spa treatments to also include traditional medicines, nutrition, fitness, and high-tech beauty. Spain, Italy, and France are driving the region’s dominance. However, considering the total number of spas, Asia-Pacific leads (followed by Europe) as treatment in Asia-Pacific is significantly more affordable than other regions. Thailand is a key market in the Asia-Pacific and is a hot destination for budget travelers from within the region.

The report “Global Health and Wellness Tourism”, provide a thorough insight into global health and wellness inbound tourism industry. The report sheds light into this different key source market of global tourists and summarizes the key reasons why they travel to these destinations. The report offers an in-depth analysis of traveler flows, spending patterns, leading and emerging destination markets, and the key market trends and challenges in global medical and spa tourism market.

Scope

– The global medical tourism industry is expanding as many countries, especially emerging economies, promote it. Furthermore, low transportation costs due to the growing presence of low cost carriers and availability of lots of useful information related to medical tourism are driving its growth
– Rising disposable income in emerging economies continues to be the main driver of spa tourism, supported by hectic lifestyles and work pressures, which drive the need to de-stress. The market is set to grow at a CAGR of 4.9% from 2017-2021, with total inbound spending reaching US$310.5 million by 2021.

Reasons to buy

– Predict how the global health and wellness tourism market is expected to grow using historic and forecast market data related to medical and spa inbound tourism
– Understand the demand-side dynamics within the industry to identify key market trends, growth opportunities
– Direct the promotional efforts on most promising markets by identifying the key source and destination countries.

Filed in: Travel & Tourism
Publisher : GlobalData
More Reports
Title Price Buy Now

Global Adventure Tourism: Insight into key adventure tourism trends and the demands of adventure tourists

Global Adventure Tourism: Insight into key adventure tourism trends and the demands of adventure tourists Summary GlobalData's "Global Adventure Tourism", report provides insight into key adventure tourism trends and the demands of adventure tourists. It offers profile and demographic preferences of adventure tourists. The report shades light into future prospects and provides actionable insights. Adventure tourism has evolved to be one of the fastest-growing sectors across the globe, attracting high-value customers, supporting local economies, and promoting the environment. North America, South America, and Europe account for 70% of international outbound departures. GlobalData expects the market to continue to grow at a CAGR of more than 40% over 2017-2021, primarily driven by a......
$1495

Travel and Tourism Industry Business Outlook and Procurement Survey Dec 2017 – May 2018

Travel and Tourism Industry Business Outlook and Procurement Survey Dec 2017 - May 2018 Summary GlobalData's "Travel and Tourism Industry Business Outlook and Procurement Survey Dec 2017 - May 2018", examines executives' opinion on the business outlook and procurement activities over Dec 2017-May 2018, including comparative analysis of survey results with Jun-Nov 2017 (wherever applicable). It also highlights key business priorities, supplier price variations, changes in capital expenditure, and organizations' perspective on e-procurement. In addition, this report presents the future projection of merger and acquisition activities within the travel and tourism industry over the next six months. In comparison to the previous six months (June-Nov 2017), mergers and acquisition activ......
$1950

Global Luxury Hotels Market to 2021: Market data and insights on global luxury hotels industry

Global Luxury Hotels Market to 2021: Market data and insights on global luxury hotels industry Summary GlobalData's "Global Luxury Hotels Market to 2021", report provides a thorough insight into global luxury hotels market. The report shades light into the key trends and issues. It offers key insights at regional level and major country level markets analyzing the number of hotel establishments, number of rooms, occupancy rate, room nights available, room nights occupied, average room revenue per available room, average room revenue per occupied room, average total revenue per available room, total room revenues, total non-room revenues, total revenues, and number of guests. The presence of an affluent corporate culture and the growing impact of the manufacturing and services sect......
$1495

Global Full Service Airlines Market to 2021: Market data and insights on global full service airlines industry

Global Full Service Airlines Market to 2021: Market data and insights on global full service airlines industry Summary GlobalData's "Global Full Service Airlines Market to 2021", report provides a thorough insight into global full service airlines market. The report shades light into the key trends and issues. It offers key insights at regional level and major country level markets analyzing the number of seats available and seats sold, load factor, average revenue per passenger, total revenues, revenue generating passenger kilometers and passenger kilometers available. Full service carriers (FSCs) are facing significant competition from LCCs and are aggressively pursuing strategic alternatives, which includes collaborative alliances and code-sharing arrangements. FSCs in Europe h......
$1495

Tourism Destination Market Insights: Association of South East Asian Nations (ASEAN) – Regional snapshot, country focused analysis, risks and opportunities

Tourism Destination Market Insights: Association of South East Asian Nations (ASEAN) - Regional snapshot, country focused analysis, risks and opportunities Summary Tourism has grown significantly across the ASEAN region, with the group's largest tourist market - Thailand - forecast to experience a 147% rise in international arrivals between 2009 and 2017. However, some nations receive a much larger share of tourists than others. The ASEAN Tourism Strategic Plan 2016-2025 aims to move towards a single destination market strategy, which will improve intra-ASEAN tourism. Thailand is the largest tourist market in the ASEAN, with 35 Million forecasted international arrivals for 2017. Known as a prime backpacking destination, leisure is the main purpose of travel to the country. In 2017, leis......
$1495

Changing Trends in Business Travel Booking in 2017-2018

Changing Trends in Business Travel Booking in 2017-2018 Summary GlobalData's "Changing Trends in Business Travel Booking in 2017-2018", report examines industry sentiment about the changing trends in business travel booking in 2017-2018. Furthermore, the report seeks to know travelers approach towards business travel, has it been impacted by recent political and economic events, important criteria for business travel booking, and the transport preferences and expenses incurred for business travel in 2017-2018. Over the past 12 months, business travel by air towards China and the United States has increased as a result of increased need to travel to that market. Recently the introduction of long-haul flights being offered by low cost carriers has not impacted the work travel plans of the......
$1950

Global Low Cost Airlines to 2021: Market overview and insights for low-cost airlines to 2021

Global Low Cost Airlines to 2021: Market overview and insights for low-cost airlines to 2021 Summary Low-cost carriers (LCCs) have gradually evolved to become a popular alternative to full-service airlines over the last 10-15 years, where price has become a critical factor in determining the carriers. According to Euro Control, the low-cost airline has been the fastest-growing segment in Europe, with the number of low-cost flights growing by 61% in the last 10 years (2007-2016). Growth in the low-cost carrier was also characterized by a decline of 10% in the traditional scheduled flight segment during the same period in Europe. LCC's also holds an estimated share of 30% in the overall US airline market, primarily dominated by major airlines such as Southwest Airlines and JetBlue A......
$1495

Tourism Source Market Insights: India – Analysis of tourist profile, traveler flows, spending patterns, main destination markets, and risks and opportunities

Tourism Source Market Insights: India - Analysis of tourist profile, traveler flows, spending patterns, main destination markets, and risks and opportunities Summary India's outbound tourist market has experienced rapid growth in correlation with a fast-growing economy, with a compound annual growth rate (CAGR) of more than 11% between 2012 and 2016. Having reached more than 23 Million outbound trips in 2016, it is expected to increase to over 30 Million by 2021, making India one of the quickest growing outbound tourist markets in the world. India has experienced significant economic growth and a fast growing middle class, which has led to surge in the outbound tourism. Despite the huge growth, the number of outbound trips remains at just about 2% of the country's total population......
$900

Source Market Insights: Russia – Analysis of tourist profile, traveler flows, spending patterns, main destination markets, as well as risks and opportunities

Source Market Insights: Russia - Analysis of tourist profile, traveler flows, spending patterns, main destination markets, as well as risks and opportunities Summary In 2016, Russians made 31.7 Million outbound trips; a decline from 34.4 Million trips made in 2015. Yet, this negative trend has been slowing down and from 2018 onwards, outbound tourism is expected to recover, growing steadily at a CAGR of 1.5%. Whereas outbound tourism declined substantially, domestic trips experienced a substantial boost, as they represented a more affordable alternative. Traditionally, Egypt and Turkey have been among the top destinations in the list for Russian tourists. The suspension of flights to these countries in 2015 - as a result of a terrorist incident in the former, and the intensificati......
$900

Destination Market Insights: Morocco – Analysis of source markets, infrastructure and attractions, risks and opportunities

Destination Market Insights: Morocco - Analysis of source markets, infrastructure and attractions, risks and opportunities Summary Morocco is one of Africa's leading tourist markets, with more than 10 million visitors in 2016. The country aims to grow the industry significantly, with the Moroccan Department of Tourism's 2020 Tourism Strategy hoping to double the size of the tourist industry, and make Morocco one of the top 20 tourist destinations in the world. As tourist numbers rise quickly, there has been a consequent surge in hotel construction. Between 2016 and 2021, the number of hotels in Morocco is expected to increase by 30.8%. France is by far the largest inbound market for tourists to Morocco, accounting for 36.1% of arrivals in 2016, followed by Spain (14.5%). Similarly......
$900