Kingdom of Saudi Arabia
Crafting Healthy Leisure and Residential Spaces
It’s an undeniable trend. Increasing numbers of people are taking ownership of their health and wellbeing, and wish to be supported in their communities and while travelling.
Wellness tourism allows individuals the ability to take time out and truly focus on their well-being. It’s a market worth $436 billion, with a 21% annual projected growth through 2025. Throw in that international wellness tourists spend on average 53% more than the average international tourist and we have a very attractive target market.
Wellness communities, meanwhile, allow wellness enthusiasts the ability to permanently live in a place that nourishes their wellbeing. The wellness communities market, together with wellness real estate, is now worth US$275 billion – and the future is very bright, with over 2,300 wellness residential projects around the world in the pipeline, as estimated by the Global Wellness Institute.
Witnessing that wellness communities are a growing segment of the real estate market, GOCO Hospitality has seen an increasing demand in developing several wellness communities around the world.
The wellness expertise of our in-house team puts us at the forefront of shaping an industry with enormous potential.