Wellness Economy Projected to Reach $9.8 Trillion by 2029, Driven by Diverse Business Models and Investments
🏨 In 2024, CBRE analyzed 297 US hotels with self-operated spas, with revenues growing by 1.4% but profits declining by 0.5%. The Global Wellness Institute predicts the wellness economy will reach $9.8 trillion by 2029. Wellness real estate leads with a 23.6% annual growth since 2019. The average US medical spa generated $1.4 million in 2024. Therme Group and CVC announced a €1 billion joint venture in January 2026 for wellness destinations.
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