North America Wellness Tourism Market Size & Outlook
North America wellness tourism market, 2016-2030 (US$B)
Related Markets
North America wellness tourism market highlights
- The North America wellness tourism market generated a revenue of USD 323.3 billion in 2022.
- The market is expected to grow at a CAGR of 12% from 2023 to 2030.
- In terms of segment, lodging was the largest revenue generating service in 2022.
- Wellness Activities is the most lucrative service segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 323.3 billion |
| Market revenue in 2030 | USD 800.0 billion |
| Growth rate | 12% (CAGR from 2022 to 2030) |
| Largest segment | Lodging |
| Fastest growing segment | Wellness Activities |
| Historical data covered | 2016 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | In-country Transport, Lodging, Food & Beverage, Wellness Activities, Shopping |
| Key market players worldwide | Hilton Worldwide Holdings Inc, Accor SA, Hyatt Hotels Corp Class A, Marriott International Inc Class A, New World Development Co Ltd, InterContinental Hotels Group PLC ADR, Four Seasons Hotels and Resorts |
Other key industry trends
- In terms of revenue, North America region accounted for 39.7% of the global wellness tourism market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 470.4 billion by 2030.
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Wellness Tourism Market Scope
Wellness Tourism Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America wellness tourism market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to wellness tourism market will help companies and investors design strategic landscapes.
Lodging was the largest segment with a revenue share of 23.45% in 2022. Horizon Databook has segmented the North America wellness tourism market based on in-country transport, lodging, food & beverage, wellness activities, shopping covering the revenue growth of each sub-segment from 2016 to 2030.
The growing emphasis of top players on the importance of physical and mental well-being achieved through yoga, rejuvenation therapy, herbal remedies, meditation, agritourism, and spa therapies at exotic destinations is increasing the number of people traveling to North America.
According to International Spa Association (ISPA), in the U.S., around 173 million people visited spas in 2021, accounting for an increase of around 49 million from 2020. An increase in the number of spa facilities in the region is one of the key factors driving the market growth.
For instance, in February 2021, L Catterton-backed med spa Ideal Image planned to expand its business across 13 new locations in the U.S. including Washington D.C., Chicago, New York City, San Francisco, and San Diego.
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Target buyers of North America wellness tourism market databook
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Our clientele includes a mix of wellness tourism market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America wellness tourism market, including forecasts for subscribers. This continent databook contains high-level insights into North America wellness tourism market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
North America wellness tourism market size, by country, 2016-2030 (US$B)
North America Wellness Tourism Market Share, 2022 & 2030 (US$B)
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