Mergers and Acquisitions of Key Market Player: Marriott Hotels, Significantly Driven the Growth of Wellness Tourism Market

Published: Feb 2022

The global wellness tourism market is anticipated to grow significantly at a CAGR of 6.4% over the forecast period (2022-2028). In January 2022, Marriott hotels have partnered with Ori’s, the two brands worked together as a part of Marriott’s design lab to completely reimagine space, transforming the travel sector. Moreover, the companies help people live large in a small footprint, and design expertise to create transformable furniture and provide more flexible and multi-functional spaces for people. For instance, in September 2020, Marriott Bonboy, Mariott International’s travel program announced a partnership with National Park Foundation(NPF), with this partnership company, introduced a traveling planning website, which makes it simple for members to take advantage of discounted rates for stays at Mariott’s 406 hotel. 

Browse the full report description of “Global Wellness Tourism Market Size, Share & Trends Analysis Report By Travel Type (Domestic, and International) By Service Type (Transport, Lodging, Food & Beverages, Others) Forecast 2022-2028” at https://www.omrglobal.com/industry-reports/wellness-tourism-market

Further, in October 2021, Marriott International, Inc., has collaborated with Rakuten Group, Inc., this agreement is designed to create a seamless, integrated travel experience and allow members to enjoy benefits from both Marriott bonvoy and Rakuten loyalty. In addition, the collaboration will allow Marriott bonvay to directly connect with millions of Rakuten members and offer them a diverse portfolio of Marriott bonvoy’s 30 international hotel brands. In October 2020, Marriott international and Grab announced a partnership that will cover the hospitality giant’s dining businesses in six Southeast Asian countries, including Singapore, Indonesia, Malaysia, the Philippines, Vietnam, and Thailand. This joint agreement of the companies focuses on providing, 600 restaurants and, bars at its properties in the six Southeast Asian countries, to their customers. This collaboration of the company provides various range of services to their customers, which in turn increases the demand of wellness tourism market over the forecast period 2022-2028. 

Market Coverage

The market number available for – 2022-2028

Base year- 2021

Forecast period- 2022-2028

Segment Covered- By travel type, by service type 

Regions Covered- North America, Europe, Asia-Pacific, Rest of the World

Competitive Landscape- Hyatt Group., KPJ Healthcare Berhard., Marriott Group., Radisson Hospitality Belgium Bv/Srl., Shangri-La International Hotel Management Ltd., Body Sense., Gwinganna’s., Northstar Travel Media., and others. 

Key questions addressed by the report

What is the market growth rate?

Which segment/region dominates the market in the base year?

Which segment/region will project the fastest growth in the market?

How has COVID-19 impacted the market?

o Recovery Timeline

o Deviation from the pre-COVID forecast

o Most affected region/segment

Who is the leader in the market?

How players are addressing challenges to sustain growth?

Where is the investment opportunity?

Global Wellness Tourism Market– Segmentation

By Travel Type  

Domestic 

International 

By Service Type 

Transport 

Lodging 

Food & Beverages 

Others 

Global Wellenss Tourism  Market – Segmentation by Region 

North America           

US

Canada

Europe

Germany

United Kingdom

France

Spain

Italy

Rest of Europe

Asia-Pacific    

China

Japan

India

Rest of Asia-Pacific

Rest of the World

Middle East & Africa 

Latin America 


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