India ranks 12th amongst wellness tourism nations

first_imgWellness tourism is growing at a fast pace and likely to become a key driver of the tourism economy. As per the Global Wellness Economy Monitor, wellness is the active pursuit of activities, choices and lifestyles which lead to a state of holistic health.In 2015, India was among the top 20 spa markets accounting for 4,734 spas and provided employment to 55,862, earning revenue of $1.46 billion, bagging 14th position. The country was ranked 14th then.Presently, India is ranked 12 among the top 20 wellness tourism markets as per the latest findings.Globally, wellness sector represents a $3.7 trillion economy and from 2013-15, it grew by 10.6%.Wellness tourism is usually practised  by domestic tourists, driven by short-haul and weekend trips. The market is dominated by large countries, such as the U.S., Germany, China, Japan, India and France, which have large internal and domestic tourism markets in general. Domestic wellness tourism represented 83% of all wellness trips and 67% of expenditures in 2015.Nevertheless, from 2013-2015 international wellness tourism has been growing at a much faster rate than domestic wellness tourism, with 22% growth in trips and 20% growth in expenditures for international, as compared to 17% and 11% for domestic, as per stated by Global Wellness Institute.While a comprehensive data on the wellness tourism in India is yet to be made available, sources in the industry say this genre is expected to grow faster than the medical tourism.In India, the wellness market had a turnover of $13 billion in 2015, which is expected to grow at a CAGR of nearly 12% to reach $23 billion by 2020.last_img read more

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