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NEWS
GWI highlights findings from first wellness community study
POSTED 10 Oct 2017 . BY Jane Kitchen
GWI chair Susie Ellis cuts the ribbon on the new research, as sponsors help with hard hats and shovels
Wellness communities are seeing high consumer demand, according to new research from the Global Wellness Institute due out in January.

GWI researchers Ophelia Yeung and Katherine Johnston presented key findings from their report, Build Well to Live Well, at the Global Wellness Summit being held this week in Palm Beach, Florida.

Johnston and Yeung called the report “the most important research we’ve undertaken”.

“It’s not just because it’s a hot new industry market – but because it’s about where and how we live,” said Johnston.

Johnston and Yeung reported that consumer demand for wellness lifestyle real estate and communities is on the rise globally. They estimate that in the US alone, there are 1.3 million potential buyers each year.

Johnston said the GWI has defined wellness real estate as “homes or buildings proactively designed and built to support the holistic health of their residents” and that wellness communities are “focused on people living in close proximity who share common goals, interests and experiences in proactively pursuing wellness in a holistic, multidimensional way”.

The GWI has tracked more than 600 projects across the globe that meet these definitions, many of which are still in development. Its research has shown that homes in these wellness communities are commanding higher price premiums of between 10 and 25 per cent.

“Our homes and communities have had a massive, increasingly negative impact on our wellbeing, as they were designed following templates set up decades ago to meet the health and lifestyle needs of a radically different era,” said Johnston. “But now we’re at the beginning of a new movement in home and community design that tackles our uniquely modern problems: sedentary lives, unhealthy diets, stress, social isolation and loneliness, pollution, nature-deprivation etc – and it’s creating powerful opportunities.”

The GWI has valued the wellness lifestyle real estate and communities market at US$119bn – growing fast at nine per cent a year – and estimates that it will jump to US$153bn by 2020.

“People spend $3.7 trillion on their wellness every year, but they spend $8 trillion on homes that often encourage unhealthy lifestyles,” said Yeung. “Then we spend another $7.6 trillion on health expenditures to fix those problems. The math doesn’t add up – $20 trillion not working in the same direction – to make us healthier.

"We predict that in the next several decades, building our homes and neighbourhoods for human wellness will become the default approach, not simply a trend.”

The full 80-page report will be released in January 2018 at a press event in New York.

Wellness developments, such as GOCO Hospitality's forthcoming mixed-use community in Khao Yai, Thailand, are becoming more valuable
RELATED STORIES
  FEATURE: Wellness Communities: Living Well


Jane Kitchen looks at the growing business of wellness communities research round-up
  FEATURE: Research: Wellness Communities


a ‘major market opportunity’
  Wellness communities offer ‘huge opportunity’ for spas, says panel


Mia Kyricos, founder of strategic advisory firm Kyricos & Associates, told an audience at the World Spa & Wellness Convention in London that wellness communities grew by 19 per cent from 2013 to 2015, and are worth an estimated US$29bn in Europe and US$48bn in North America.
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NEWS
GWI highlights findings from first wellness community study
POSTED 10 Oct 2017 . BY Jane Kitchen
GWI chair Susie Ellis cuts the ribbon on the new research, as sponsors help with hard hats and shovels
Wellness communities are seeing high consumer demand, according to new research from the Global Wellness Institute due out in January.

GWI researchers Ophelia Yeung and Katherine Johnston presented key findings from their report, Build Well to Live Well, at the Global Wellness Summit being held this week in Palm Beach, Florida.

Johnston and Yeung called the report “the most important research we’ve undertaken”.

“It’s not just because it’s a hot new industry market – but because it’s about where and how we live,” said Johnston.

Johnston and Yeung reported that consumer demand for wellness lifestyle real estate and communities is on the rise globally. They estimate that in the US alone, there are 1.3 million potential buyers each year.

Johnston said the GWI has defined wellness real estate as “homes or buildings proactively designed and built to support the holistic health of their residents” and that wellness communities are “focused on people living in close proximity who share common goals, interests and experiences in proactively pursuing wellness in a holistic, multidimensional way”.

The GWI has tracked more than 600 projects across the globe that meet these definitions, many of which are still in development. Its research has shown that homes in these wellness communities are commanding higher price premiums of between 10 and 25 per cent.

“Our homes and communities have had a massive, increasingly negative impact on our wellbeing, as they were designed following templates set up decades ago to meet the health and lifestyle needs of a radically different era,” said Johnston. “But now we’re at the beginning of a new movement in home and community design that tackles our uniquely modern problems: sedentary lives, unhealthy diets, stress, social isolation and loneliness, pollution, nature-deprivation etc – and it’s creating powerful opportunities.”

The GWI has valued the wellness lifestyle real estate and communities market at US$119bn – growing fast at nine per cent a year – and estimates that it will jump to US$153bn by 2020.

“People spend $3.7 trillion on their wellness every year, but they spend $8 trillion on homes that often encourage unhealthy lifestyles,” said Yeung. “Then we spend another $7.6 trillion on health expenditures to fix those problems. The math doesn’t add up – $20 trillion not working in the same direction – to make us healthier.

"We predict that in the next several decades, building our homes and neighbourhoods for human wellness will become the default approach, not simply a trend.”

The full 80-page report will be released in January 2018 at a press event in New York.

Wellness developments, such as GOCO Hospitality's forthcoming mixed-use community in Khao Yai, Thailand, are becoming more valuable
RELATED STORIES
FEATURE: Wellness Communities: Living Well


Jane Kitchen looks at the growing business of wellness communities research round-up
FEATURE: Research: Wellness Communities


a ‘major market opportunity’
Wellness communities offer ‘huge opportunity’ for spas, says panel


Mia Kyricos, founder of strategic advisory firm Kyricos & Associates, told an audience at the World Spa & Wellness Convention in London that wellness communities grew by 19 per cent from 2013 to 2015, and are worth an estimated US$29bn in Europe and US$48bn in North America.
MORE NEWS
SHA Wellness shares vision for “world’s first healthy living island” in UAE
Spanish wellness brand SHA Wellness Clinic is busy preparing to bolster its wellness portfolio in 2026 with a hyper-exclusive island wellness enclave in AlJurf, UAE.
Breakers Hotel in Long Beach to relaunch as Fairmont property with tech-forward spa in 2024
The historic Breakers Hotel in Long Beach, California, is set to reopen in mid-2024 as a Fairmont Hotels & Resorts property after a significant restoration and redevelopment project.
Kempinski to make Vietnamese debut with riverside resort and spa designed by Kengo Kuma
High-end five-star hotel company Kempinski Hotels is making its mark in Vietnam with a luxury waterfront property overlooking the Saigon River.
Marriott to realise Ritz-Carlton Reserve at Trojena, the Mountains of Neom
Marriott International has signed a new deal with Neom to open a Ritz-Carlton Reserve property as part of Trojena, a brand new year-round mountain adventure destination in Saudi Arabia.
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Book4Time unveils enhanced day and resort pass functionality
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COMPANY PROFILES
Sommerhuber GmbH

Sommerhuber specialises in the manufacturing of heat-storing ceramics for spas. [more...]
+ More profiles  
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+ More catalogues  

DIRECTORY
+ More directory  
DIARY

 

08-08 May 2024

Hospitality Design Conference

Hotel Melià , Milano , Italy
10-12 May 2024

Asia Pool & Spa Expo

China Import & Export Fair Complex, Guangzhou, China
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2024

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