Work-from-Home Drives Real Estate Shifts: Major Inflation for In-Nature “Wellness Locations” By Thierry Malleret, economist Stay-at-home and hybrid working are here to stay. For those with a profession allowing them to do so, 2-3 days a week working from home is becoming the norm. The consequences of this radical shift will be manifold. Three shifts stand out: (1) Cities will continue to thrive, but high-end…
Industry Research: The Spa Market Spa Industry Expected to Surpass Pre-Pandemic Revenues in 2022–Reaching $122 Billion The GWI’s new report on the global wellness economy includes in-depth data on the spa industry, a “high-touch” market that was therefore a major “pandemic loser,” but which is forecast to be one of the top-three fastest-growing wellness markets through 2025. If the market reached a record $111 billion…
New Data on Wellness Tourism: Projected to Hit $817 Billion This Year, $1.3 Trillion in 2025 The GWI’s new report on the global wellness economy includes eye-opening new data on the wellness travel market. It has the big picture numbers: In the pre-pandemic year of 2019, wellness tourism reached a record $720 billion, but then took a devastating hit in the pandemic year…
The Dominant Emotion of 2021? Languishing. The Best Antidote? Getting into the “Flow State” By Thierry Malleret, economist In 2021, the most-read NYT article (published on April 19) was about ‘languishing’ – the ennui caused by the pandemic, which the organizational psychologist Adam Grant described as “the void between depression and flourishing…a sense of stagnation and emptiness…the absence of wellbeing.” The joyless and aimless sentiment…
Pandemic Wellness Inequalities: Wealthier People Exercised More/Ate Healthier–Less Privileged Did the Opposite By Thierry Malleret, economist The consequences of the pandemic in terms of health (both for those who caught the virus and those who did not) are becoming clearer. And they are broad in scope, far-reaching and sometimes surprising. But the pandemic health changes are most striking when it comes to diet and fitness, and they’re indicative of the inequality problem at the…
What Is the Future of Wellness? 7 Shifts to Watch The GWI’s new report, The Global Wellness Economy: Looking Beyond Covid, predicts that the 11-sector wellness economy will grow at roughly 10% annually through 2025–reaching $5 trillion by year-end 2021 and $7 trillion by 2025. But future growth will likely look different than in the past, because the pandemic experience has sparked major shifts in how consumers understand…
