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

2017-09-29
Price :
Published : Sep-2017
No. of Pages : 35
Inquire before Buying request discount

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

Tourism Source Market Insight – Australia, 2021 Update

Tourism Source Market Insight - Australia, 2021 Update Summary GlobalData's Tourism Source Market Insight - Australia, 2021 Update report provides a thorough insight into the Australian domestic and outbound tourism markets. The report looks at the profiles of Australian tourists and summarizes the key reasons that they travel. The report offers an in-depth analysis of traveler flows, spending patterns, main destination markets and current and future opportunities for tourism businesses seeking to tap into the Australian outbound travel market. Key Highlights - 50% of Australians typically take a VFR holiday and this is the primary motivator behind travel for both domestic and outbound trips made by Australian tourists. - 43% Australian tourists prefer sun and beach holidays. Offering ......
 $1495

Outbound Tourism Spending Habits in the Top 10 Expenditure Markets – 2021

Outbound Tourism Spending Habits in the Top 10 Expenditure Markets - 2021 Summary GlobalData's Expenditure Markets in Focus report provides in-depth analysis of the top 10 spending outbound markets globally. Here, detailed commentary and analysis is provided for outbound spending in the US, China, Spain, France, Australia, Germany, Belgium, Canada, the UK and the Netherlands. Key Highlights - Though the country was the worst hit by the coronavirus pandemic in terms of both number of cases and deaths, the US managed to be on top in terms of outbound expenditure. - Various inter-country events, pacts, and agreements recently signed are likely to help revive the hard-hit outbound tourism sector of member countries. The Greece-China Year of Culture and Tourism 2021-2022 event, launched in ......
 $1495

Tourism Destination Market Insight – North Africa

Tourism Destination Market Insight - North Africa Summary Analysis of destination markets, infrastructure and attractions, as well as risks and opportunities in North Africa. This report explores the types of travelers that visit the country as well as a SWOT analysis. Key Highlights - North Africa's destination has had a turbulent time over recent years, with inbound tourist figures rising and falling in response to political events and acts of terrorism. After experiencing a few years of recovery, the Coronavirus had a devastating impact on tourism resulting in inbound trips falling by 78% and domestic tourism falling by 61% in 2020. Historically, Morocco, Tunisia and Egypt have received a significant amount of investment in tourism infrastructure. However, Algeria is emerging as a p......
 $1495

Key Trends in Online Travel, 2021 Update – Analysing Key Market Trends, Opportunities, Challenges and Disruptor Technologies

Key Trends in Online Travel, 2021 Update - Analysing Key Market Trends, Opportunities, Challenges and Disruptor Technologies Summary This key trends reports focuses on the global car rental industry. This report will provide comprehensive data insights on and analysis of key market trends, disruptors in the sector and some of the strategies developed by leading and disruptive companies during the COVID-19 pandemic. Key Highlights - Globally, travelers are increasingly online and more mobile savvy than ever before. In tandem, online travel intermediaries' (OTAs, tour operators and other providers) market value experienced rapid growth prior to the COVID-19 pandemic (CAGR 2016-19: 7.6%). In 2019, global market value reached $592.3 billion, a 2.3% increase from the previous year. - Compa......
 $1495

Tourism Destination Market Insight – Turkey (2021)

Tourism Destination Market Insight - Turkey (2021) Summary Analysis of destination markets, infrastructure, and attractions, as well as risks and opportunities in Turkey. This report explores the types of travelers that visit the country as well as a SWOT analysis. Key Highlights - Russia (driven by seaside tourism) and Germany (driven by VFR) are the two largest source markets for this destination. - Pre-COVID-19 travel restrictions and after the 2016 crisis, inbound travel to Turkey was growing rapidly and was on its way to reach a high of 44.5 million international visits by 2019, (CAGR 2016-19: 21.6%). - Pre-COVID-19, total inbound spend reached a high of $34.3 billion following an intermittent growth (CAGR 2016-19: 16.8%). However, in 2020, Turkey faced a staggering fall in the to......
 $1495

Tourism Source Market Insight – India (2021)

Tourism Source Market Insight - India (2021) Summary GlobalData's Tourism Source Market Insight - India (2021) report provides a thorough insight into India's domestic, intra-regional and long-haul travel habits. The report looks at the profiles of Indian tourists and summarizes the key reasons why they travel. The report offers an in-depth analysis of traveler flows, spending patterns, main destination markets and current and future opportunities for tourism businesses seeking to tap into the Indian source market. It also assesses the impact of the COVID-19 pandemic on Indian tourism. Over recent years India has become one of the most important and sought-after source markets in the world. Like many other countries in the APAC region, both domestic and outbound tourism has grown substa......
 $1495

Global Low Cost Airlines Market to 2025 – Market Snapshot, Key Trends and Insights, Company Profiles and Future Outlook

Global Low Cost Airlines Market to 2025 - Market Snapshot, Key Trends and Insights, Company Profiles and Future Outlook Summary GlobalData's Low Cost Airline Market report provides in-depth analysis of the key market trends that are shaping the future of this segment and an analysis of the low cost airline market globally. Detailed market insight is provided on the Americas, Asia-Pacific, Middle East & Africa, and Europe. It also features profiles of some of the segment's leading players and looks at how companies can better meet their customers' needs. Scope - Though the US was the worst affected country by the coronavirus pandemic, the LCC market in the country managed to be number 1 in terms of seats sold in 2020, with 115.5 million seats sold. Spain and the UK held the second and t......
 $1495

Gulf Cooperation Council (GCC) Tourism Destination Market Insight, 2021 Update – Analysis of Source Markets, Infrastructure and Attractions, and Risks and Opportunities

Gulf Cooperation Council (GCC) Tourism Destination Market Insight, 2021 Update - Analysis of Source Markets, Infrastructure and Attractions, and Risks and Opportunities Summary Analysis of destination markets, infrastructure and attractions, as well as risks and opportunities in Gulf Cooperation Council (GCC) countries. This report explores the types of travelers that visit the country as well as a SWOT analysis. Key Highlights - Across the GCC members, in 2020 total international arrivals fell by -69.5% YoY highlighting the tough measures adopted to prevent the spread of the virus. Saudi Arabia experienced the largest YoY decline of -73.7%. - Intra-GCC arrivals are significant and unsurprising given the ease of connectivity between the countries. For all six countries combined, 22.7% ......
 $1495

Global Full Service Airlines Market to 2025 – Market Snapshot, Key Trends and Insights, Company Profiles and Future Outlook

Global Full Service Airlines Market to 2025 - Market Snapshot, Key Trends and Insights, Company Profiles and Future Outlook Summary GlobalData's Full Service Airlines market report provides in-depth analysis of the key market trends that are shaping the future of this segment and an analysis of the full service airline market globally. Detailed market insight is provided on the Americas, Asia-Pacific, Middle East & Africa, and Europe. It also features profiles of some of the segment's leading players and looks at how companies can better meet their customers' needs. It also assesses the impact of COVID-19 on the industry. Scope - China ranked no.1 in the list of the top FSC markets in terms of seats sold while the US, which held the position in 2019, ranked second. - From providing fin......
 $1495

Global Budget Hotels Market to 2025 – Market Snapshot, Key Trends and Insights, Company Profiles and Future Outlook

Global Budget Hotels Market to 2025 - Market Snapshot, Key Trends and Insights, Company Profiles and Future Outlook Summary GlobalData's Budget Hotels Market report provides in-depth analysis of the key market trends that are shaping the future of this segment and an analysis of the budget accommodation market globally. Detailed market insight is provided on the Americas, Asia-Pacific, Middle East & Africa, and Europe. It also features profiles of some of the market's leading players and looks at how companies can better meet their customers' needs. Scope - Despite being hit hard by a global pandemic that led to significant losses, the US maintained its position as the top budget hotel market globally in terms of total revenue. - The growing popularity of social media among millennials......
 $1495
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy