According to the research report titled ‘Global Wellness Tourism Market Size study, By Service Type (Transport, Lodging, Food & Beverage, Shopping, Activities & Excursion, Others), By Location (Domestic, International), and Regional Forecasts 2022-2028’ available with MarketStudyReport, global wellness tourism market is estimated to generate considerable revenues during the forecast period of 2022-2028.

The rising investments for infrastructure development, the increasing prevalence of the internet & smart gadgets, and the surging occurrences of physical & mental illness are the key factors excelling the growth of global wellness tourism industry.

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It is worth noting that wellness tourism is a traveling activity that is done to promote health & wellness and to enhance one's physical, emotional, & spiritual well-being.

Moreover, the rising consumer expenditure on health & wellness and rapid growth of the middle-class population has positively influenced market growth in key regions across the globe.

However, political upheaval and increasing terrorist attacks are anticipated to stymie market growth throughout the projection period of 2022-2028.

Worldwide wellness tourism industry is categorized into service type, and location. Based on service type, the market is bifurcated into activities and excursions, shopping, lodging, food & beverages, transport, and others. Moving on to the location, the industry is divided into international and domestic.

The major geographical areas considered for the market analysis are Europe, Asia Pacific, North America, Latin America, and the Rest of the World.

The report cites that North America region is likely to witness consistent growth throughout the study period, due to the expanding demand for wellness services and the rising cases of illnesses linked to stress.

Meanwhile, Asia Pacific market is reckoned to showcase modest CAGR over the ensuing years, owing to the rising interest in visiting exotic locations in countries like Malaysia, Singapore, Thailand, China, India, and China.

The competitive landscape of global wellness tourism industry is defined by companies such as Four Seasons Hotels Limited, Radisson Hospitality Inc., Omni Hotels & Resorts, InterContinental Hotels Group plc, Marriot International Inc., Rancho La Puerta Inc., Hyatt Hotels Corporation, Rosewood Hotels & Resorts, Accor S.A., and Hilton Worldwide Holdings Inc.