Industry Research Forecasts Wellness Tourism Market To Reach $1018.5 Bln By 2020

(RTTNews) - According to an industry research titled 'Global Wellness Tourism Market Research Report-2016', the wellness tourism market is expected to reach $1018.5 billion by 2020, attaining a CAGR of 10.89% from 2016 to 2020. The wellness tourism market reached $494 billion in 2013. According to the research published on gosreports, a web-based platform of Gos International Inc., the industry grew by 12.7% in 2013, surpassing the growth rate of 9 percent in 2012.

In the previous year, wellness tourism market grew by 74 percent faster than global tourism. As per the report, anti-aging measures including facial aesthetic procedures are fueling the recent growth in the wellness tourism market.

In recent years, the travel industry has expanded to provide amenities to travelers looking for well-being, and spiritual experiences. The Wellness tourism is often correlated with Health tourism, but also includes yoga, spa, agro-tourism, and farm stays.

The Americas accounts for nearly 43% of the global tourism market. Accor, Allergan, Hilton, Hyatt, IHG, Ispen, Marriott, and Starwood are some of the key vendors in the industry.