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Asia : the world’s fastest tourism market, says GlobalData

February 27, 2020
According to GlobalData, international arrivals to Asia-Pacific (APAC) are set to reach 850 million in 2022, reflecting a compound annual growth rate (CAGR) of 5% between 2019 and 2022. This rapid increase in health and wellness tourism trips to Asia will help Asia to become the world’s fastest tourism market.

 

GlobalData’s latest report of “Key Trends in Health and Wellness Tourism” reveals that Thailand is a key destination within Asia for health and wellness tourism. It is forecasted health and wellness tourism numbers in Thailand to increase to 27.7 million by 2022 representing a CAGR of 5.6% from 2019. In which Thailand’s largest segment of health and wellness tourism is spa tourism with US$794.7m being spent in 2019; medical tourism followed with US$663m. Expenditure on health and wellness tourism is set to increase at an even higher rate in this country between 2019 and 2022 with a positive CAGR of 9% to US$2.5bn.

With continuously increasing of commercial flights to this region and developing of the health and wellness industry. Asia’s following potential destination countries for health and wellness tourism opportunities is Vietnam and Philippines.

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