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NEWS
Wellness real estate market nearly doubles between 2017-2020, finds new GWI research
POSTED 28 Sep 2021 . BY Megan Whitby
Sustainable wellness community Serenbe in Georgia, US, is focused on healthy living and has become a model for the built environment’s role in a healthy lifestyle Credit: Serenbe

We predicted demand would soon hit like a tsunami and now that moment has arrived
– Ophelia Yeung
Wellness real estate grew 22 per cent during 2020
Wellness real estate is heavily concentrated in North America, Asia-Pacific and Europe
The US, China, Australia, UK, Japan, France and Germany account for 82 per cent of the wellness real estate market
International wellness residential projects grew from 740 in 2017 to an estimated 2,300+ today
From 2017-2020, the global wellness real estate market expanded from US$148bn (€126bn,£109bn) to US$275bn (€235bn, £203bn).

These figures were released today (28 September) in the Global Wellness Institute’s (GWI) new study, called Wellness Real Estate: Looking Beyond COVID-19.

The GWI defines wellness real estate as the construction of residential and commercial/institutional properties that incorporate intentional wellness elements into their design, materials and building, as well as their amenities, services and/or programming.

The report provides market data and growth rates for both 2017-2019 and 2019-2020 – to capture 'the pandemic effect' – for every global region and the top 20 national markets, as well as forecasting key shifts that will define the market post-COVID.

Key findings

  • Prior to the pandemic, the global wellness real estate sector grew 22 per cent on average each year between 2017-2019, compared with 5.4 per cent growth for construction overall.

    • The wellness real estate sector still continued to grow 22 per cent during 2020, despite the pandemic and overall construction shrinking by -2.5 per cent.

    • Wellness real estate is heavily concentrated in North America, Asia-Pacific and Europe. Each market clocked exponential recent growth, with the North American and Asian markets nearly doubling from 2017-2020.

    • The US, China, Australia, UK, Japan, France and Germany account for 82 per cent of the wellness real estate market. The US and China alone comprise roughly 60 per cent.

    • Japan (360 per cent) and Canada (240 per cent) exhibited standout growth in the sector between 2017 and 2020.

    • The US, China, UK, France, Netherlands, Denmark, Switzerland, Singapore, Norway, Italy and Finland nearly all doubled their markets.

    • International wellness residential projects grew from 740 in 2017 to an estimated 2,300+ today.


    These research highlights were presented at the GWI’s inaugural Wellness Real Estate & Communities Symposium.

    The event brought together investors, developers, architects, designers and medical experts to discuss the future of this market. Learn more here about accessing the full day of presentations and research packages.

    “Just three years ago, wellness real estate was a concept not well understood by consumers, builders, developers or investors, but we predicted demand would soon hit like a tsunami,” said Ophelia Yeung, GWI senior research fellow and report co-author, “that moment has arrived.”

    “The pandemic has driven the idea of ‘building for human health’ into the mainstream consumer consciousness, and the recent market growth far exceeded our predictions, as well as general economic growth trends.”

    The GWI first defined and measured this sector in its 2018 Build Well to Live Well report.

    “So many macro forces – our fast-ageing world, our stress and loneliness crises, the rise of remote work and a consumer demanding more sustainable living – means the growth trajectory for wellness homes and building design will only rise,” said Katherine Johnston, GWI senior research fellow and report co-author.

    “But COVID-19 forced us to see our homes and built environment in a radically new light, as the protectors and enablers of our very health and wellbeing.

    “Wellness real estate is now quickly moving from elective to essential.”
    RELATED STORIES
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      Global wellness economy will be worth US$7trn by 2025


    The global wellness economy will grow by 9.9 per cent annually and reach nearly US$7trn by 2025, according to new research by the Global Wellness Institute (GWI).
      Report: Leisure shift drives wellness real estate during the pandemic


    Hotels with wellness revenues exceeding US$1m (€852,700, £731,700) generated nearly 75 per cent more in total revenue per available room (TRevPAR) in 2020, compared to locations with wellness revenues of less than US$1m.
      Global Wellness Institute launches new initiative to bring healthy habits and wellness into the classroom


    The Global Wellness Institute (GWI) has launched a new programme to help educators introduce young school kids to the importance and practice of physical and mental wellness.
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    NEWS
    Wellness real estate market nearly doubles between 2017-2020, finds new GWI research
    POSTED 28 Sep 2021 . BY Megan Whitby
    Sustainable wellness community Serenbe in Georgia, US, is focused on healthy living and has become a model for the built environment’s role in a healthy lifestyle Credit: Serenbe
    We predicted demand would soon hit like a tsunami and now that moment has arrived
    – Ophelia Yeung
    Wellness real estate grew 22 per cent during 2020
    Wellness real estate is heavily concentrated in North America, Asia-Pacific and Europe
    The US, China, Australia, UK, Japan, France and Germany account for 82 per cent of the wellness real estate market
    International wellness residential projects grew from 740 in 2017 to an estimated 2,300+ today
    From 2017-2020, the global wellness real estate market expanded from US$148bn (€126bn,£109bn) to US$275bn (€235bn, £203bn).

    These figures were released today (28 September) in the Global Wellness Institute’s (GWI) new study, called Wellness Real Estate: Looking Beyond COVID-19.

    The GWI defines wellness real estate as the construction of residential and commercial/institutional properties that incorporate intentional wellness elements into their design, materials and building, as well as their amenities, services and/or programming.

    The report provides market data and growth rates for both 2017-2019 and 2019-2020 – to capture 'the pandemic effect' – for every global region and the top 20 national markets, as well as forecasting key shifts that will define the market post-COVID.

    Key findings

  • Prior to the pandemic, the global wellness real estate sector grew 22 per cent on average each year between 2017-2019, compared with 5.4 per cent growth for construction overall.

    • The wellness real estate sector still continued to grow 22 per cent during 2020, despite the pandemic and overall construction shrinking by -2.5 per cent.

    • Wellness real estate is heavily concentrated in North America, Asia-Pacific and Europe. Each market clocked exponential recent growth, with the North American and Asian markets nearly doubling from 2017-2020.

    • The US, China, Australia, UK, Japan, France and Germany account for 82 per cent of the wellness real estate market. The US and China alone comprise roughly 60 per cent.

    • Japan (360 per cent) and Canada (240 per cent) exhibited standout growth in the sector between 2017 and 2020.

    • The US, China, UK, France, Netherlands, Denmark, Switzerland, Singapore, Norway, Italy and Finland nearly all doubled their markets.

    • International wellness residential projects grew from 740 in 2017 to an estimated 2,300+ today.


    These research highlights were presented at the GWI’s inaugural Wellness Real Estate & Communities Symposium.

    The event brought together investors, developers, architects, designers and medical experts to discuss the future of this market. Learn more here about accessing the full day of presentations and research packages.

    “Just three years ago, wellness real estate was a concept not well understood by consumers, builders, developers or investors, but we predicted demand would soon hit like a tsunami,” said Ophelia Yeung, GWI senior research fellow and report co-author, “that moment has arrived.”

    “The pandemic has driven the idea of ‘building for human health’ into the mainstream consumer consciousness, and the recent market growth far exceeded our predictions, as well as general economic growth trends.”

    The GWI first defined and measured this sector in its 2018 Build Well to Live Well report.

    “So many macro forces – our fast-ageing world, our stress and loneliness crises, the rise of remote work and a consumer demanding more sustainable living – means the growth trajectory for wellness homes and building design will only rise,” said Katherine Johnston, GWI senior research fellow and report co-author.

    “But COVID-19 forced us to see our homes and built environment in a radically new light, as the protectors and enablers of our very health and wellbeing.

    “Wellness real estate is now quickly moving from elective to essential.”
    RELATED STORIES
    The convergence of healthcare and wellness: Global Wellness Summit announces key topics for 2021 conference


    The Global Wellness Summit (GWS) has today announced its first round of speakers for the 2021 Summit.
    Global wellness economy will be worth US$7trn by 2025


    The global wellness economy will grow by 9.9 per cent annually and reach nearly US$7trn by 2025, according to new research by the Global Wellness Institute (GWI).
    Report: Leisure shift drives wellness real estate during the pandemic


    Hotels with wellness revenues exceeding US$1m (€852,700, £731,700) generated nearly 75 per cent more in total revenue per available room (TRevPAR) in 2020, compared to locations with wellness revenues of less than US$1m.
    Global Wellness Institute launches new initiative to bring healthy habits and wellness into the classroom


    The Global Wellness Institute (GWI) has launched a new programme to help educators introduce young school kids to the importance and practice of physical and mental wellness.
    MORE NEWS
    Maui's Wailea Resort lifts curtain on new US$55m moon-inspired open-air spa
    Maui’s iconic Grand Wailea, A Waldorf Astoria Resort has announced the opening of its highly anticipated Kilolani Spa, an all-new luxury wellness retreat inspired by Hawaii’s natural beauty.
    SHA Wellness receives top accolade at 2024 World Spa and Wellness Awards
    Eight of the world’s leading spa operations were honoured at the annual World Spa and Wellness Awards during a glamorous ceremony held in London over the weekend.
    Second edition of UK Aufguss Championships set to heat up Galgorm Resort
    The ancient art of aufguss will be celebrated this April with the Second UK Aufguss Championships at destination spa and hotel Galgorm Resort in Northern Ireland.
    Xponential’s first Kinrgy dance fitness studio opens in West Hollywood
    The first bricks and mortar Kinrgy studio opens today (1 March) in West Hollywood. Founded by Emmy Award-winning dancer, Julianne Hough, the brand started as a dance and fitness platform.
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    Book4Time unveils enhanced day and resort pass functionality
    With an increasing number of luxury hotels and resorts offering day and resort passes to drive staycation business, Book4Time, a leader in innovative spa and wellness solutions, is thrilled to announce the launch of Day & Resort Passes on its award-winning platform. [more...]

    Countdown begins for World Spa and Wellness 2024 London
    The World Spa & Wellness London Convention is back from 3-4 March at ExCeL London and is a fantastic opportunity for spa professionals to network and learn from industry leaders, with lots of chances to develop your business and career. [more...]
    + More featured suppliers  
    COMPANY PROFILES
    BC Softwear Ltd

    British-based, BC SoftWear was launched in 2002 by founder and managing director, Barbara Cooke. [more...]
    + More profiles  
    CATALOGUE GALLERY
    + More catalogues  

    DIRECTORY
    + More directory  
    DIARY

     

    02-04 Mar 2024

    World Spa & Wellness Conference

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

    IBS New York

    Javits Convention Center, New York, United States
    + More diary  
     


    ADVERTISE . CONTACT US

    Leisure Media
    Tel: +44 (0)1462 431385

    ©Cybertrek 2024

    ABOUT LEISURE MEDIA
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