February 2024
05 Nov 2024
The global thermal springs tourism market revenue surpassed USD 57.78 billion in 2024 and is predicted to attain around USD 200.41 billion by 2033, growing at a CAGR of 14.82% during the forecast period. The demand for natural remedies is increasing, which is the key factor driving the growth of the thermal springs tourism market.
Thermal springs tourism refers to holiday vacations where individuals travel to thermal or mineral springs for their well-being. It involves activities such as thermo mineral water baths, psychotherapy, mud baths, physical therapy, and other exercises. Thermal springs have curing characteristics that can help in maintaining the mental and physical well-being of the individual. People may intend to visit thermal springs for different reasons like aesthetic, environmental, and social well-being.
The expansion of wellness tourism globally is being characterized by a trend that enables travelers to adopt well-being packages that combine physical, psychological, and health authorities. In addition, there is an increasing emphasis on services like detox, yoga, and mindfulness workshops to fulfill the growing demand for health travel, which emphasizes every aspect of health.
The increasing trend of eco-friendly tourism substantially contributed to the growth of the thermal spring's tourism market. There has been a shift among consumers and tourists who tend to favor lodgings and eco-friendly destinations. However, the service providers of thermal springs tourism are also catching up with new trends by offering green experiences and services to the consumers, where they blend responsible tourism with wellness tourism.
The growth of the thermal spring's tourism market is substantially driven by growing wellness and health awareness among people. The majority of individuals have found it important to take care of their mental and physical health. Furthermore, consumers find the need to travel to destinations that relax and restore the body and mind. This trend of living an active and healthy life creates numerous opportunities for the market.
Asia Pacific dominated the thermal springs tourism market in 2023. The dominance of the region can be credited to the long-standing cultural focus on hot springs in nations such as Japan and South Korea. Furthermore, governments across the Asia Pacific are investing in wellness tourism to grow their infrastructure. Also, the growth of infrastructure in countries, such as China's investment in resorts and the South Korean spa tourism market.
North America is expected to grow significantly in the thermal springs tourism market over the studied period. The region's growth can be driven by its increasing emphasis on sustainable travel and eco-tourism. Moreover, the U.S. is experiencing high market expansion because of its growing focus on alternative health methods and overall wellness.
| Report Attribute | Key Statistics |
| Market Revenue in 2024 | USD 57.78 Billion |
| Market Revenue by 2033 | USD 200.41 Billion |
| CAGR | 14.82% from 2024 to 2033 |
| Quantitative Units | Revenue in USD million/billion, Volume in units |
| Largest Market | Asia Pacific |
| Base Year | 2023 |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Market Segmentation
By Service Type
By Traveler Type
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