NEW YORK, March 22, 2021 /PRNewswire/ -- The wellness tourism market is expected to grow by USD 315.47 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the wellness tourism market in optimistic, probable, and pessimistic forecast scenarios.
Enterprises will go through the Response, Recovery, and Renew phases.
The wellness tourism market will witness a negative impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio's pandemic-focused market research, market growth increased in 2020 as compared to 2019.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
This post-pandemic business planning research will aid clients to:
Adjust their strategic planning to move ahead once business stability kicks in.
Build Resilience by making effective resource and investment choicesfor individual business units, products, and service lines.
Conceptualize scenario-based planning to mitigate future crisis situations.
Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
Pre- as well as post-COVID-19 market estimates
Quarterly impact analysis and updates on market estimates
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Global Sustainable Tourism Market - Global sustainable tourism market is segmented by type (domestic and international) and geography (Europe, North America, APAC, South America, and MEA). Get an Exclusive Free Sample Report
Major Three Wellness Tourism Market Participants:
Aspira Spa operates its business through the Unified segment. The company offers salons, spas, facials, and sauna.
Clinique La Prairie
Clinique La Prairie operates its business through segments such as Longevity, Wellbeing, Medical, Beauty, and Spa and accommodation. The company offers spas, full-body checkups, and yoga services for customers.
Gaia Retreat & Spa
Gaia Retreat & Spa operates its business through the Unified segment. The company offers weight-loss and spa services for customers.
The wellness tourism market is driven by growth in personal wellness awareness. In addition, other factors such as emergence of online wellness aggregators are expected to trigger the wellness tourism market toward witnessing a CAGR of over 7% during the forecast period.
About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.