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NEWS
US is world’s top wellness economy – worth $1.2trn, reports GWI
POSTED 13 Mar 2023 . BY Megan Whitby
Last valued at US$1.2trn (€1.1trn, £994.3bn) in 2020, the US wellness economy is predicted to go from strength to strength Credit: Shutterstock/canadastock

Credit: GWI
GWI’s dedicated country reports enable participating countries to better identify emerging growth opportunities
– Susie Ellis
The Global Wellness Institute (GWI) has penned a new report about the US wellness economy after partnering with the National Academy of Sports Medicine (NASM).

Valued at more than US$1.2trn (€1.1trn, £994.3bn), the report names the US as the top wellness economy in the world. It boasts the largest markets in nine out of 11 of the wellness sectors assessed by the GWI – spanning physical activity, healthy eating, mental wellness, beauty and personal care, wellness tourism and more.

According to the new report, the US wellness economy contracted from US$1.4trn (€1.3trn, £1.2trn) in 2019 to US$1.2trn (€1.1trn, £994.3bn) in 2020 – a number that is expected to continue its upward trajectory.

Findings also showed that the physical activity segment in the US experienced an 18 per cent contraction in 2020, yet remains number one in the world at US$215bn (€201.5bn, £178.2bn).

The physical activity sector includes consumer spending associated with planned physical activities performed during leisure and recreation, including three recreational activity subsectors (sports and active recreation, fitness and mindful movement) and three enabling subsectors (technology, equipment and supplies, apparel and footwear).

Full descriptions of these sectors are available in the new report, The Global Wellness Economy: United States.

The release of the new report means the US is the latest in a growing number of countries featured on the GWI’s Geography of Wellness microsite. The platform, which launched last year, gives key stakeholders in the 218 countries featured in GWI’s The Global Wellness Economy: Country Rankings a deeper dive into their country’s position in the various sectors and subsectors of the US$4.4tn (£3.6bn, €4.1bn) global wellness economy.

Other countries with detailed data available include Brazil, Singapore, Thailand, the UK and Indonesia, with more to follow.

“GWI’s dedicated country reports enable participating countries to better identify emerging growth opportunities within the 11 wellness sectors our researchers measure,” said Susie Ellis, GWI chair and CEO. “This gives a clear picture of how wellness business and activities are impacting their overall economies.

“NASM is a great partner for GWI in the US because it’s a proven leader in the physical activity sector, which has evolved rapidly due to the pandemic and is now experiencing a massive resurgence as the pandemic recedes and Americans are prioritising wellness more than ever.”

According to the GWI, the US offers something for everyone interested in wellness thanks to its sophisticated wellness markets, world-class cities, natural resources, recreational infrastructure and diverse cultures and heritage spread over 3.5 million square miles of varied geography and topography.
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The global wellness economy will be worth US$8.5 trillion by 2027, according to new research unveiled by the Global Wellness Institute (GWI).
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The Global Wellness Institute (GWI) – a research and educational resource for the global wellness industry – has announced that Indonesia is the latest country to be highlighted on the organisation’s Geography of Wellness microsite.
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Uniting the world of spa & wellness
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News   Products   Magazine   Subscribe
NEWS
US is world’s top wellness economy – worth $1.2trn, reports GWI
POSTED 13 Mar 2023 . BY Megan Whitby
Last valued at US$1.2trn (€1.1trn, £994.3bn) in 2020, the US wellness economy is predicted to go from strength to strength Credit: Shutterstock/canadastock
Credit: GWI
GWI’s dedicated country reports enable participating countries to better identify emerging growth opportunities
– Susie Ellis
The Global Wellness Institute (GWI) has penned a new report about the US wellness economy after partnering with the National Academy of Sports Medicine (NASM).

Valued at more than US$1.2trn (€1.1trn, £994.3bn), the report names the US as the top wellness economy in the world. It boasts the largest markets in nine out of 11 of the wellness sectors assessed by the GWI – spanning physical activity, healthy eating, mental wellness, beauty and personal care, wellness tourism and more.

According to the new report, the US wellness economy contracted from US$1.4trn (€1.3trn, £1.2trn) in 2019 to US$1.2trn (€1.1trn, £994.3bn) in 2020 – a number that is expected to continue its upward trajectory.

Findings also showed that the physical activity segment in the US experienced an 18 per cent contraction in 2020, yet remains number one in the world at US$215bn (€201.5bn, £178.2bn).

The physical activity sector includes consumer spending associated with planned physical activities performed during leisure and recreation, including three recreational activity subsectors (sports and active recreation, fitness and mindful movement) and three enabling subsectors (technology, equipment and supplies, apparel and footwear).

Full descriptions of these sectors are available in the new report, The Global Wellness Economy: United States.

The release of the new report means the US is the latest in a growing number of countries featured on the GWI’s Geography of Wellness microsite. The platform, which launched last year, gives key stakeholders in the 218 countries featured in GWI’s The Global Wellness Economy: Country Rankings a deeper dive into their country’s position in the various sectors and subsectors of the US$4.4tn (£3.6bn, €4.1bn) global wellness economy.

Other countries with detailed data available include Brazil, Singapore, Thailand, the UK and Indonesia, with more to follow.

“GWI’s dedicated country reports enable participating countries to better identify emerging growth opportunities within the 11 wellness sectors our researchers measure,” said Susie Ellis, GWI chair and CEO. “This gives a clear picture of how wellness business and activities are impacting their overall economies.

“NASM is a great partner for GWI in the US because it’s a proven leader in the physical activity sector, which has evolved rapidly due to the pandemic and is now experiencing a massive resurgence as the pandemic recedes and Americans are prioritising wellness more than ever.”

According to the GWI, the US offers something for everyone interested in wellness thanks to its sophisticated wellness markets, world-class cities, natural resources, recreational infrastructure and diverse cultures and heritage spread over 3.5 million square miles of varied geography and topography.
RELATED STORIES
Japan named world’s third biggest wellness economy, worth US$303 billion


Japan has the third largest wellness economy globally – worth US$303 billion (£242.6 billion, €283 billion) – according to data from the Global Wellness Institute (GWI).
Global wellness economy reaches record-breaking $5.6trn – predicted to hit $8.5trn by 2027


The global wellness economy will be worth US$8.5 trillion by 2027, according to new research unveiled by the Global Wellness Institute (GWI).
GWI showcases Indonesia’s distinctive wellness assets and wellness economy opportunities


The Global Wellness Institute (GWI) – a research and educational resource for the global wellness industry – has announced that Indonesia is the latest country to be highlighted on the organisation’s Geography of Wellness microsite.
MORE NEWS
Raffles to open mountainside retreat in Neom’s Trojena project
Accor’s high-end brand Raffles Hotels & Resorts is set to land in northwestern Saudia Arabia in 2027 as part of Trojena, a brand new year-round adventure sports destination.
London’s BT Tower to become luxury hotel following £275m deal
British telecommunications company BT Group has sold its iconic BT Tower for £275 million (US$347 million, €321.3 million) to hotel management company MCR Hotels.
Luxury hotel market immune to cost of living cutbacks, reports RSM
While the UK hotel sector ended 2023 on a high, new data shows this was largely driven by the luxury market with a spike in room rates and profits – according to the RSM Hotels Tracker: Focus on Asset Classes.
As the strength training trend gathers pace, researchers highlight the benefits of keeping up the cardio
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KLAFS GmbH

Founded in 1928, KLAFS is known as an award winning, world-leading trendsetter in wellness and spa. [more...]
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+ More directory  
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02-04 Mar 2024

World Spa & Wellness Conference

Excel exhibition and conference centre , London, United Kingdom
03-05 Mar 2024

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Javits Convention Center, New York, United States
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Tel: +44 (0)1462 431385

©Cybertrek 2024

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