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Post pandemic, hospitality industry expects swift growth

Wednesday, October 12, 2022

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With the fading of the Covid-19 pandemic, the hospitality industry is slated for swift growth, which to a large degree, is propelled by wellness tourism. People traveling for physical and mental rejuvenation has seen a dramatic increase, since the pandemic has made people understand the significance of self-care, healing with the help of nature and proper nourishment. Several lockdowns applied during the peak of the pandemic gave people time to think about and prioritize the value of life compared to other features.


The USD 122-billion Indian hospitality sector is expected to develop at 16 percent CAGR for the next decade. The present development is chiefly pushed by wellness tourism. This inclination is being witnessed throughout the world. As per a report by Global Wellness Institute, wellness tourism is expected to see 7.5 percent growth this year around the world, as against 6.4 percent for the larger industry.


Wellness havens and wellness-centric packages are not something new in the hospitality industry. India, being the land of holistic healing practices like Ayurveda, Siddha and Yoga, already boasts of a large number of places meeting the wellness requirements of travelers.


The pandemic brought a fundamental change in how people think of wellness in routine life. Industry players are also all set for the upsurge in demand. Starting from detox and immunity increasing packages to Yoga and nutrition, numerous wellness sanctuaries are also offering tailored programmes. Currently, the majority of bookings are for therapies for stress management, detox, panchakarma for purification of the body and programmes aimed toward curing ailments.

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