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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.

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News   Products   Magazine
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.

Sign up here to get the Spa Business and Spa Business insider weekly ezines and every issue of Spa Business and Spa Business insider magazines free on digital.
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FEATURED SUPPLIERS

Cooling me softly: SnowRoom offers ultimate feel-good factor
Nothing electrifies the senses and sparks emotions like encountering fresh snow. [more...]

Made for multi-center spas. Perfect for the post-COVID world
Your customers expect greater health and safety assurances. Zenoti helps you exceed new expectations by seamlessly weaving every interaction with your brand through their trusted mobile phones, reducing unnecessary touch and maintaining social distancing. [more...]
COMPANY PROFILES
Oakworks Inc

Oakworks is a US-based FSC-certified manufacturer of spa, massage, and medical equipment. [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  

VIDEO GALLERY

ResortSuite mobile: give your guests unlimited access to your resort
ResortSuite mobile. Deploy your own fully branded app. Give your guests unlimited access to your resort with real time booking capabilities, dining reservations, itineraries, member profiles and more... Find out more...
+ More videos  

DIRECTORY
+ More directory  
DIARY

 

16-19 Aug 2020

SPATEC Spring North America

Ritz-Carlton, Miami, United States
23-24 Aug 2020

The International Congress of Esthetics and Spa - Long Beach

Long Beach Convention Center , Long Beach, United States
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2020

ABOUT LEISURE MEDIA
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