Wellness is the new luxury in hotels
We live in an era where the awareness of well-being and health has become a guiding light in our daily decisions, and the COVID-19 pandemic, with its undeniable influence, has acted as a catalyst in how we perceive and value these aspects in our everyday lives, even influencing our choices when planning trips or vacations.
According to a report by Grand View Research, the global wellness tourism market reached a value of $814.6 billion in 2022, with a projected steady annual growth of 12.42% from 2023 to 2030. Furthermore, the Wellness Tourism Market Outlook from Fact MR predicts this market to reach $2.3 trillion by the end of 2033, starting from $880 billion in 2023.
Beyond the COVID-19 pandemic, social media plays a pivotal role in the evolution of this ongoing trend towards well-being. Influencers, well-known figures, and enthusiasts worldwide share their experiences in yoga, meditation, healthy eating, and self-care during their vacations, directly influencing travelers’ expectations and reshaping not only what we expect from the destinations we visit but also what we demand from hotels.
Just over a fifth (21%) of global travelers are currently traveling for health and wellness reasons, according to a 2022 Travel Trends study conducted by the luxury travel network Virtuoso in collaboration with YouGov, as cited in an article published in National Geographic. Based on this data, it is estimated that the demand will experience a significant increase of 29% in 2023.
Undoubtedly, this shift in travelers’ mindset is reflected in a growing demand for amenities and services designed to promote personal well-being and self-care. It’s worth noting that this quest for well-being not only results in a deeper emotional connection with our loved ones and ourselves, but also a heightened appreciation for the overall experience that the hotel provides.
In this regard, both travelers and brands mutually benefit, as travelers find satisfaction in an enriching experience, while brands commit to a strategy that adds value, profitability, and a distinctive edge in the market.
In summary, the significant impact of social media and the growing focus on sustainability continuously raise travelers’ expectations. Hotels that successfully incorporate these new trends will not only satisfy their guests but also ensure their profitability and stand out in a highly competitive market. This is just the beginning of an ongoing evolution that will continue to reshape the hotel industry in the coming years.
Consulted resources:
https://www.grandviewresearch.com/industry-analysis/wellness-tourism-market
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