20 Sep Why You Should Invest in A Wellness Tourism Company
If you are an investor looking for a new industry to invest in then you should definitely consider investing in a wellness tourism company. Many notable management consulting and research firms such as McKinsey & Company and the Global Wellness Institute have forecasted that the wellness tourism industry will be worth more than a trillion dollars by the year 2030. This makes the wellness tourism industry a highly profitable market to invest in.
Furthermore, many companies are performing outstandingly in the wellness sector; these companies include Mindbody, Virgin Pulse, Headspace, and Vacayou. These companies have raised millions of dollars each and will be used as examples to demonstrate the benefits of investing in wellness tourism companies.
Wellness Tourism Companies Are Highly Profitable
One of the main factors that you should consider before investing in a company is the risk-return trade-off. You want to invest in a company that simultaneously offers you a higher rate of returns and a lower risk of losing money. This is what makes wellness tourism companies such a desirable option for investors. Mindbody is a brilliant example of a highly profitable wellness company.
The company has consecutively recorded a net profit of over 1 million dollars every year for the past 5 years. Furthermore, Mindbody has managed to generate over 20 million dollars in annual revenue. Another example of a highly profitable wellness company is Virgin Pulse. The corporate wellness company has already generated over 80 million dollars worth of revenue in 2022 alone and has secured over 90 million dollars in funding since its inception in 2004.
The Market Size of the Wellness Tourism Industry
The wellness tourism industry’s current and forecasted market size is another reason why you should invest in the industry. Wellness tourism is currently valued at 800 billion dollars and is projected to reach over a trillion dollars within 3 years due to an anticipated increase in demand for health and wellness activities. Furthermore, the industry is forecasted to double in market size by 2030. The current and forecasted market conditions thus make it evident that now is a great time for investors to enter the market.
Wellness tourism’s high market valuation not only illustrates that the industry is a profitable one for investment but it also shows that it is a sustainable investment option with good growth prospects.
Expanding Growth Prospects
Another factor that makes it beneficial to invest in wellness tourism is the industry’s expanding growth rate. Not only is the wellness industry projected to double in market size by 2030, but it is also forecasted to grow at a compound annual growth rate of 7.2%. This means that when you invest in a wellness tourism company, not only will your investment have a high profitability rate but it will also grow sustainably over time.
There are numerous success stories of companies that have gone from millions of dollars in investments to millions of dollars in annual revenue. Headspace, for example, has only been around for 10 years but has managed to generate over 500 million dollars in revenue from approximately 90 million dollars in funding. Vacayou, a wellness tourism company founded in 2019 has already managed to raise 4 million dollars in revenue within the four years that it has been in operation.
It is clear that any investor that is seeking to diversify their investment portfolio should invest in a wellness tourism company. The main reason you should invest in wellness tourism is because the industry is highly profitable and its market size is projected to double in the next 5 years. The industry’s vast market size is another factor that solidifies its high profitability. Lastly, you should invest in a wellness tourism company because the industry has a high growth rate which makes it desirable for sustainable and profitable investment opportunities.
By R.A. Mbecke Za-Mulamba
