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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.
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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
    Belmond Hotels and Dior celebrate La Dolce Vita with pop-up spas in Portofino
    Belmond Hotels has partnered with Dior for an exclusive new wellness experience in the gardens of its luxury hotel in Portofino, named Splendido, A Belmond Hotel.
    ‘Gratitude reduces stress’ finds new study
    A recent research study has found that gratitude between team members can improve their performance in high-stress situations.
    Stephan Wagner announces launch of Saudi Arabian Wellness Association
    AlMaarefa University has announced the launch of the Saudi Arabian Wellness Association (SAWA), a new industry body established to promote, educate and develop the wellness sector in Saudi Arabia.
    Mandarin Oriental ramps up fitness offering with Intelligent Movement programme
    Luxury hotel chain Mandarin Oriental has launched a new brand called Intelligent Movement to deliver fitness and wellbeing interventions to guests. The aim of the programme is to help them overcome the impact of a modern, sedentary lifestyle.
    Susie Ellis, Belgin Aksoy and Michael Roizen head up GWS' all-new podcast season
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    New Deloitte report finds the health and fitness sector contributes up to US$91.22bn a year to global GDP
    A new report by Deloitte, outlining the social and economic value of the global health and fitness industry, has been released by The Global Health & Fitness Alliance (GHFA), in collaboration with IHRSA.
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    Professional skincare and haircare products by Urb’n Nature
    Urb’n Nature is known for supporting healthy, radiant and supple skin through its eco- conscious cruelty-free spa products – free from silicone, microplastics, synthetic preservatives and fragrances. [more...]

    Living Earth Crafts® - the first choice for world-class spas
    Living Earth Crafts (LEC) is the world’s most recognised manufacturer of premium spa and wellness equipment. [more...]
    + More featured suppliers  
    COMPANY PROFILES
    SALT Chamber

    SALT Chamber was started in 2012 by Founder and CEO Leo Tonkin and has become the leading authority [more...]
    + More profiles  
    CATALOGUE GALLERY
    + More catalogues  

    VIDEO GALLERY

    Art of Cryo cryo chamber manufacturer | test and research center in Cologne
    Here you see a tour of the Art of Cryo test and research center in Cologne. Find out more...
    + More videos  

    DIRECTORY
    + More directory  
    DIARY

     

    12-13 Sep 2022

    2022 Salt Therapy Association Conference

    Wyndham Lake Buena Vista Disney Springs® Resort, Lake Buena Vista, United States
    12-14 Sep 2022

    Spa Life Ireland

    Galgorm Spa & Golf Resort , Ballymena, Ireland
    + More diary  
     


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