South Africa Wellness Tourism Market Size & Outlook
South Africa wellness tourism market, 2016-2030 (US$B)
Related Markets
South Africa wellness tourism market highlights
- The South Africa wellness tourism market generated a revenue of USD 4.0 billion in 2022 and is expected to reach USD 8.8 billion by 2030.
- The South Africa market is expected to grow at a CAGR of 10.5% 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.
Wellness tourism market data book summary
| Market revenue in 2022 | USD 4.0 billion |
| Market revenue in 2030 | USD 8.8 billion |
| Growth rate | 10.5% (CAGR from 2022 to 2030) |
| Largest segment | Lodging |
| Fastest growing segment | Wellness Activities |
| Historical data | 2016 - 2021 |
| Base year | 2022 |
| Forecast period | 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, South Africa accounted for 0.5% of the global wellness tourism market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, UAE wellness tourism market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 12.5 billion by 2030.
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Wellness Tourism Market Scope
Wellness Tourism Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa 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 22.5% in 2022. Horizon Databook has segmented the South Africa 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.
According to the Wesgro Cape Town & Western Cape 2020 report, South Africa held the largest share of wellness tourism in sub-Saharan Africa in 2017, with 1.5 million international and 2.5 million domestic trips. South Africa has a well-established spa industry and a large number of hot spring resorts, both of which have the potential to attract wellness tourists.
The Western Cape, in particular, has a well established spa industry and a large number of hot spring resorts, both of which have the potential to attract wellness tourists. In addition to an abundance of natural beauty and wide-open spaces, the country provides a vast array of wellness opportunities for both domestic and international visitors.
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Target buyers of South Africa 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 country-level data and insights on the South Africa wellness tourism market, including forecasts for subscribers. This country databook contains high-level insights into South Africa wellness tourism market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Africa wellness tourism market size, by service, 2016-2030 (US$B)
South Africa Wellness Tourism Market Share, 2022 & 2030 (US$B)
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