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

Exploring Sports Tourism – Insight into sporting holidays, sport events, and what the future holds for the industry

Exploring Sports Tourism - Insight into sporting holidays, sport events, and what the future holds for the industry Summary GlobalData's "Exploring Sports Tourism", report analyses the sports tourism industry, including who partakes in such activities, how to target this market, what the future holds for the industry, as well as a deep dive into a number of segments in this market. These include, skiing and snowboarding, golf, surfing, and the Olympic Games. Sports tourism falls into two categories: sporting holidays and sports events. Popular sporting holidays include skiing and golf, while events which attract a large amount of tourists include the Olympic Games and the FIFA World Cup. Sporting holidays are growing in popularity as health consciousness has risen globally and exerc......
$1495

Tourism Destination Market Insights: Caribbean (2018) – Analysis of source markets, infrastructure and attractions, and risks and opportunities

Tourism Destination Market Insights: Caribbean (2018) - Analysis of source markets, infrastructure and attractions, and risks and opportunities Summary The Caribbean is one of the fastest growing destinations in the world. The rapid rise in tourism flows has brought a number of benefits including jobs and incomes. However, given that the nations of the region are among the most tourist dependent countries in the world, there are a number of issues which need to be addressed if growth is to be sustained. From creating unique and diverse tourism offerings, to fostering regional collaboration and investing in infrastructural projects, the report shades light into how Caribbean nations can leverage strengths and capitalize on new trends to ensure the future success of the sector and econ......
$1495

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

Car Rentals (Self Drive) Market in Egypt to 2021: Fleet Size, Rental Occasion and Days, Utilization Rate and Average Revenue Analytics

Car Rentals (Self Drive) Market in Egypt to 2021: Fleet Size, Rental Occasion and Days, Utilization Rate and Average Revenue Analytics Summary Car Rental (hiring of a passenger vehicle for self drive, which includes cars and small vans, by both business and leisure travelers for short term duration; excluding leasing and long term rentals) market has evolved intensely in the very recent years and is also expected to evolve in similar fashion in the near future. The report Car Rentals (Self Drive) Market in Egypt to 2021: Fleet Size, Rental Occasion and Days, Utilization Rate and Average Revenue Analytics provides deep dive data analytics on wide ranging Car Rental market aspects including overall market value by customer type - Business and Leisure, by point of rental - Airport and N......
$750

South Korea Hotels Market Analytics to 2021: Rooms and Revenue Analytics

South Korea Hotels Market Analytics to 2021: Rooms and Revenue Analytics Summary Hotels (establishments that provide paid lodging and full guest services, typically with a continuous staff presence) market have seen moderate change in the recent years and is also expected to evolve in similar fashion in the near future. The report South Korea Hotels Market Analytics to 2021: Rooms and Revenue Analytics provides deep dive data analytics on wide ranging Hotels business aspects including overall revenue by customer type - Business and Leisure, by type of hotel - Budget, Midscale, Upscale & Luxury, Room & Non-Room Revenues, Number of Establishments & Rooms and Guest In-Flow's for the period 2012 to 2016 and forecast to 2021. Furthermore, the report also details out Room Occupancy Rate......
$750

France Passenger Airlines Market to 2021: Market Segments Sizing and Revenue Analytics

France Passenger Airlines Market to 2021: Market Segments Sizing and Revenue Analytics Summary Passenger Airlines (Airlines whose primary business is the transport of passengers) market has evolved dramatically in the recent years. The report France Passenger Airlines Market to 2021: Market Segments Sizing and Revenue Analytics provides deep dive data analytics on wide ranging Passenger Airlines market aspects including overall airlines no. of seats sold, load factor, passenger kilometers available etc. all categorized by different service offerings - Low Cost, Full Service and Charter Services. Furthermore, the report details out number of revenue-generating airline passenger kilometers since 2012 to 2021 along with other critical aspects of the Passenger Airlines market. The rep......
$750

Car Rentals (Self Drive) Market in Spain to 2021: Fleet Size, Rental Occasion and Days, Utilization Rate and Average Revenue Analytics

Car Rentals (Self Drive) Market in Spain to 2021: Fleet Size, Rental Occasion and Days, Utilization Rate and Average Revenue Analytics Summary Car Rental (hiring of a passenger vehicle for self drive, which includes cars and small vans, by both business and leisure travelers for short term duration; excluding leasing and long term rentals) market has evolved intensely in the very recent years and is also expected to evolve in similar fashion in the near future. The report Car Rentals (Self Drive) Market in Spain to 2021: Fleet Size, Rental Occasion and Days, Utilization Rate and Average Revenue Analytics provides deep dive data analytics on wide ranging Car Rental market aspects including overall market value by customer type - Business and Leisure, by point of rental - Airport and N......
$750

United Arab Emirates Passenger Airlines Market to 2021: Market Segments Sizing and Revenue Analytics

United Arab Emirates Passenger Airlines Market to 2021: Market Segments Sizing and Revenue Analytics Summary Passenger Airlines (Airlines whose primary business is the transport of passengers) market has evolved dramatically in the recent years. The report United Arab Emirates Passenger Airlines Market to 2021: Market Segments Sizing and Revenue Analytics provides deep dive data analytics on wide ranging Passenger Airlines market aspects including overall airlines no. of seats sold, load factor, passenger kilometers available etc. all categorized by different service offerings - Low Cost, Full Service and Charter Services. Furthermore, the report details out number of revenue-generating airline passenger kilometers since 2012 to 2021 along with other critical aspects of the Passenger......
$750

Egypt Hotels Market Analytics to 2021: Rooms and Revenue Analytics

Egypt Hotels Market Analytics to 2021: Rooms and Revenue Analytics Summary Hotels (establishments that provide paid lodging and full guest services, typically with a continuous staff presence) market have seen moderate change in the recent years and is also expected to evolve in similar fashion in the near future. The report Egypt Hotels Market Analytics to 2021: Rooms and Revenue Analytics provides deep dive data analytics on wide ranging Hotels business aspects including overall revenue by customer type - Business and Leisure, by type of hotel - Budget, Midscale, Upscale & Luxury, Room & Non-Room Revenues, Number of Establishments & Rooms and Guest In-Flow's for the period 2012 to 2016 and forecast to 2021. Furthermore, the report also details out Room Occupancy Rate (percentage......
$750