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News report
China research - Asia boasts fastest growing wellness tourism market

New report highlights consumer behaviour that’s driving unprecedented growth in the region


According to a World Tourism Organization report, outbound Asia-Pacific travellers now represent 37 per cent of the world’s total, with international travel spending doubling in the last decade. Asia-Pacific is also the fastest-growing wellness tourism market: wellness trips jumped 33 per cent in the last two years, and the market will essentially double from 2017–2022: from US$137bn to US$252bn.

To understand this fast-growing market, Asia brand consultancy CatchOn has released a report – Asia: The Future of Global Wellness Tourism. It conducted more than 50 interviews with travellers, luxury tour operators, spa consultants, travel journalists, wellness destination resorts and hospitality brands to arrive at three main consumer archetypes driving growth.

Female travellers
Women – travelling with other women or alone – are a force unto themselves, and will become the most important market segment driving the wellness tourism boom worldwide. Women-only vacations have soared in popularity in the last decade, with some tour companies reporting over 200 per cent growth in the last few years alone, and wellness activities are at the heart of the experience. More women are also putting solo trips on their bucket list – solo, but in the company of others.

Affluent new agers
The fastest growth in wealth creation is in Asia, and Hong Kong has now overtaken New York to become the world’s largest ultra-high net worth city. With the combined factors of longer life expectancy and having the means to pursue wellness at a younger age, Asians who are approaching mid-life are recontextualising ageing as aspirational. They’re not postponing living well until after retirement, but are embracing a life-well-lived mindset in their 40s, because they can afford it. They are willing to spend on travel and wellness, with the goal of indulging in bucket-list activities while they can.

Chinese millennial millionaires
As the middle class grows and incomes rise, producing more millionaires and billionaires at an exponential rate, so too does their appetite for travel and wellness experiences. The growing importance of health in the lives of Chinese millennials is reflected in wellness tourism, with a strong focus on mental health, as well as intellectual and social wellness. For Chinese millennials, wellness travel often means stepping out of a comfort zone and pushing boundaries, and is perceived as a life-enriching experience. This means holidays in which they can explore new cultures, engage in adventure sports, immerse themselves in the wonders of wildlife, and sign up for a healthy cooking class or mindful living workshop.

FEATURED SUPPLIERS

Elevate your spa business: master global standards and thrive in Saudi Arabia's tourism boom
Discover how to prepare your spa or wellness facility for the influx of international guests and meet global standards as tourism in Saudi Arabia surges. [more...]

Spa and wellness industry to reunite at Forum HOTel&SPA 2024
The 16th edition of the esteemed international spa and hospitality industry event, Forum HOTel&SPA, is rapidly approaching, promising an immersive experience for attendees. [more...]
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COMPANY PROFILES
Universal Companies

The ultimate spa and wellness resource, Universal Companies is an international distributor of produ [more...]
Zenoti

Zenoti software addresses every aspect of running a spa business: driving revenue growth, empoweri [more...]
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23-25 Apr 2024

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Uniting the world of spa & wellness
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News   Products   Magazine   Subscribe
News report
China research - Asia boasts fastest growing wellness tourism market

New report highlights consumer behaviour that’s driving unprecedented growth in the region


According to a World Tourism Organization report, outbound Asia-Pacific travellers now represent 37 per cent of the world’s total, with international travel spending doubling in the last decade. Asia-Pacific is also the fastest-growing wellness tourism market: wellness trips jumped 33 per cent in the last two years, and the market will essentially double from 2017–2022: from US$137bn to US$252bn.

To understand this fast-growing market, Asia brand consultancy CatchOn has released a report – Asia: The Future of Global Wellness Tourism. It conducted more than 50 interviews with travellers, luxury tour operators, spa consultants, travel journalists, wellness destination resorts and hospitality brands to arrive at three main consumer archetypes driving growth.

Female travellers
Women – travelling with other women or alone – are a force unto themselves, and will become the most important market segment driving the wellness tourism boom worldwide. Women-only vacations have soared in popularity in the last decade, with some tour companies reporting over 200 per cent growth in the last few years alone, and wellness activities are at the heart of the experience. More women are also putting solo trips on their bucket list – solo, but in the company of others.

Affluent new agers
The fastest growth in wealth creation is in Asia, and Hong Kong has now overtaken New York to become the world’s largest ultra-high net worth city. With the combined factors of longer life expectancy and having the means to pursue wellness at a younger age, Asians who are approaching mid-life are recontextualising ageing as aspirational. They’re not postponing living well until after retirement, but are embracing a life-well-lived mindset in their 40s, because they can afford it. They are willing to spend on travel and wellness, with the goal of indulging in bucket-list activities while they can.

Chinese millennial millionaires
As the middle class grows and incomes rise, producing more millionaires and billionaires at an exponential rate, so too does their appetite for travel and wellness experiences. The growing importance of health in the lives of Chinese millennials is reflected in wellness tourism, with a strong focus on mental health, as well as intellectual and social wellness. For Chinese millennials, wellness travel often means stepping out of a comfort zone and pushing boundaries, and is perceived as a life-enriching experience. This means holidays in which they can explore new cultures, engage in adventure sports, immerse themselves in the wonders of wildlife, and sign up for a healthy cooking class or mindful living workshop.

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The US spa industry is continuing its upward trajectory, achieving an unprecedented milestone with a record-breaking revenue of US$21.3 billion in 2023, surpassing the previous high of US$20.1 billion in 2022.
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Clinique La Prairie to operate health resort at Tri Vananda in Phuket
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+ More news   
 
FEATURED SUPPLIERS

Elevate your spa business: master global standards and thrive in Saudi Arabia's tourism boom
Discover how to prepare your spa or wellness facility for the influx of international guests and meet global standards as tourism in Saudi Arabia surges. [more...]

Spa and wellness industry to reunite at Forum HOTel&SPA 2024
The 16th edition of the esteemed international spa and hospitality industry event, Forum HOTel&SPA, is rapidly approaching, promising an immersive experience for attendees. [more...]
+ More featured suppliers  
COMPANY PROFILES
Universal Companies

The ultimate spa and wellness resource, Universal Companies is an international distributor of produ [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  

DIRECTORY
+ More directory  
DIARY

 

23-25 Apr 2024

ISPA Conference 2024

Phoenix Convention Center, Phoenix, United States
28-30 Apr 2024

Spa Life Scotland

Radisson Blu Hotel, Glasgow,
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2024

ABOUT LEISURE MEDIA
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