South Korea Wellness Tourism Market Size & Outlook
South Korea wellness tourism market, 2016-2030 (US$B)
Related Markets
South Korea wellness tourism market highlights
- The South Korea wellness tourism market generated a revenue of USD 8.3 billion in 2022 and is expected to reach USD 28.3 billion by 2030.
- The South Korea market is expected to grow at a CAGR of 16.6% 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 8.3 billion |
| Market revenue in 2030 | USD 28.3 billion |
| Growth rate | 16.6% (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 Korea accounted for 1.0% 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 Asia Pacific, Thailand wellness tourism market is projected to lead the regional market in terms of revenue in 2030.
- Thailand is the fastest growing regional market in Asia Pacific and is projected to reach USD 91.4 billion by 2030.
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Wellness Tourism Market Scope
Wellness Tourism Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea 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 22.89% in 2022. Horizon Databook has segmented the South Korea 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.
Wellness travel is a significant segment for the Korea Tourism Organization and the Ministry of Culture, Sports and Tourism. It markets & promotes 25 visit wellness attractions in the country, which are considered the best destinations to improve mental & physical health and well-being.
These wellness attractions are categorized into traditional Korean medicine, nature & forest, beauty & spa, and healing & meditation destinations. For instance, the Herb Lab Bom Dong in Seoul helps visitors improve their physical state.
Moreover, Suncheon man Bay National Garden & Wetland Reserve is a place to enjoy some peace & quiet and destress, and people can also visit the traditional Korean medicine experience center. South Korea’s wellness tourist destinations are divided into four themes such as nature/forest healing, healing/meditation, oriental medicine, and beauty & spa.
Reasons to subscribe to South Korea wellness tourism market databook:
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of South Korea 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 Korea wellness tourism market, including forecasts for subscribers. This country databook contains high-level insights into South Korea wellness tourism market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea wellness tourism market size, by service, 2016-2030 (US$B)
South Korea Wellness Tourism Market Share, 2022 & 2030 (US$B)
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