NEWS
GWI estimates value of wellness real estate at US$134bn in landmark report
POSTED 25 Jan 2018 . BY Jane Kitchen
The Global Wellness Institute has released its first report on wellness real estate and communities, Build Well to Live Well.

The organisation estimates that the global wellness real estate market was worth US$134bn (€108bn, £94bn) in 2017, and projects it will grow six per cent a year, to US$180bn (€145bn, £126bn), by 2022.

The US is the largest market, worth US$52.5bn (€42bn, £37bn), followed by China, Australia and the UK, and the GWI estimates that there are 740 projects worldwide in the pipeline that meet the criteria for wellness real estate.

The 150-plus page report defines wellness real estate and communities as facilities that "intentionally put people’s health at the centre of design, creation and redevelopment".

The GWI says consumer demand for healthy homes is outstripping supply: in the US, for example, there are 1.3 million potential buyers each year but with a pipeline of 355 projects.

“Collectively, we must shake-up our thinking: healthy homes are as important as immunisations; parks, paths, and plants are as beneficial as prescriptions; friends and neighbours are far more important than Fitbits,” said Katherine Johnston, GWI senior research fellow.

“All the industries that create our home environments – real estate investors, urban planners/designers, architects, transportation planners, the construction industry – play a massive role in human health.

"And they need to partner to meet the desperate need – and fast-rising demand – for healthier homes and communities.”

The report found that wellness real estate has grown 6.4 per cent annually since 2015, and represents 1.5 per cent of the annual global construction market, and half the size of the global green building industry (US$260bn). The US, along with a few key Asian countries (China, Australia, India) and Europe (UK, Germany), account for three-quarters of the market.

In five years, the pipeline for wellness lifestyle real estate and communities has gone from a handful of projects to over 740 built, partially built, or in development, across 34 countries today.

Among more than 740 projects, GWI estimates that there are over 1.5 million units or homes either already built, or planned to be built out, over the next two decades. They account for more than 560,000 acres of land and will house more than 4.1 million people.

The GWI posits that emerging wellness living concepts will drive future development.

These include: a trend towards the strategic integration of homes, co-working facilities and wellness programming; a move by developers to collaborate with governments to bring wellness-infused homes to lower-income populations; a renewed interest in multigenerational and diverse neighbourhoods; a concentration of hospitals and health services for consumers mixed with wellness-focused neighbourhoods; a move from green to regenerative living, where communities produce their own food and renewable energy; a leveraging of technologies to create smart-healthy homes and cities; and a rediscovering of hot springs as a wellness living anchor.

“Our existing built environment has a massive and increasingly negative impact on our physical and mental health,” said Ophelia Yeung, GWI senior researcher.

“We'll never address skyrocketing chronic disease and health costs without dramatically transforming where and how we live.

"We’ve got to shift investment into the places that give us the most outsized health returns: our homes and communities.”

To read more about the Build Well to Live Well report, see Spa Business Q1 2018.

Top 10 Countries for Wellness Real Estate – Market Size
Country Market Size (US$ millions)
US US$52.5bn
China US$19.9bn
Australia US$9.5bn
UK US$9bn
Germany US$6.4bn
India US$6bn
France US$5.8bn
South Korea US$4.2bn
Canada US$2.4bn
Japan US$2.2bn

Top Ten Countries - Projects in Pipeline
US 355
Australia 189
UK 42
China 39
India 17
Canada 17
Malaysia 12
Singapore 9
Vietnam 6
Indonesia 6
The GWI posits that a move a move from green to regenerative living, where communities produce their own food and renewable energy, will help drive growth in the segment Credit: Regen/EFFEKT ARCHITECTS
Communities with walking trails and a connection to nature are becoming increasingly popular Credit: Serenbe
 


ADVERTISE . CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2018

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS
 
Spa Opportunities: - GWI estimates value of wellness real estate at US$134bn in landmark report...
Sign up for FREE ezine
Spa Jobs spa Industry News spa training spa oppportunities magazine spa opportunities blog spa-kit.net spa industry products Submit your news Advertise on Spa Opportunities Contact us at Leisure Media Follow us on Twitter Like us on Facebook

Jobs Search





joblink

Latest operator jobs
Sofitel London Heathrow
Celtic Manor Resort
To advertise call
+44 (0)1462 431385


traininglink

  Training Directory
Train as a Les Mills Instructor
To advertise call
+44 (0)1462 431385


diarydates

  Powered by leisurediary.com
29-31 Jul 2018
Cosmoprof North America Las Vegas
Mandalay Bay Convention Center, Las Vegas, United States
01 Sep 2018
International Wellness Conclave 2018
tbc, Delhi, India

spa-kit
suppliers news


Elemis partners with Lily & Lionel to support Breast Cancer Care

Elemis has partnered with Lily & Lionel to create a new limited edition version of its Pro-Collagen Cleansing Balm to support Breast Cancer Care.

beauty-kit


Thalion debuts exclusive colour-change technology in new face mask
Marine skincare brand Thalion has launched a brand new face mask, which features patented technology to signify when it needs to be removed.


 
latest spa jobs
1 to 1 of 1 Jobs
Spa Therapist
The Langley Spa
Salary: Circa £20,000 plus benefits scheme
Job location: Buckinghamshire, UK More>>
 


Spa Therapist
The Grove
Salary: £22,000 per annum plus retail commission plus fantastic benefits
Job location: The Grove, Hertfordshire More>>
 


Casual Spa Therapist
Sofitel London Heathrow
Salary: Competitive Salary & Benefits
Job location: Longford, UK More>>
 


Spa Therapist

Hatherley Manor Hotel

Salary: Competitive Salary & Benefits
Job location:
Gloucester, UK More>>

Pool/Spa Maintenance Engineer
Total Fit
Salary: Competitive
Job location: London, UK More>>
 


Spa Therapist
Sofitel London Heathrow
Salary: Competitive Salary & Benefits
Job location: Longford, UK More>>
 


Spa Receptionist
Sofitel London Heathrow
Salary: Competitive Salary & Benefits
Job location: Longford, UK More>>
 


Jobs page: 1


 
latest spa news

25 Jan 2018

GWI estimates value of wellness real estate at US$134bn in landmark report

BY Jane Kitchen

Ophelia Yeung (left) and Katherine Johnston were the senior researchers on the project
photo: Global Wellness Institute

The Global Wellness Institute has released its first report on wellness real estate and communities, Build Well to Live Well.


The organisation estimates that the global wellness real estate market was worth US$134bn (€108bn, £94bn) in 2017, and projects it will grow six per cent a year, to US$180bn (€145bn, £126bn), by 2022.

The US is the largest market, worth US$52.5bn (€42bn, £37bn), followed by China, Australia and the UK, and the GWI estimates that there are 740 projects worldwide in the pipeline that meet the criteria for wellness real estate.

The 150-plus page report defines wellness real estate and communities as facilities that "intentionally put people’s health at the centre of design, creation and redevelopment".

The GWI says consumer demand for healthy homes is outstripping supply: in the US, for example, there are 1.3 million potential buyers each year but with a pipeline of 355 projects.

“Collectively, we must shake-up our thinking: healthy homes are as important as immunisations; parks, paths, and plants are as beneficial as prescriptions; friends and neighbours are far more important than Fitbits,” said Katherine Johnston, GWI senior research fellow.

“All the industries that create our home environments – real estate investors, urban planners/designers, architects, transportation planners, the construction industry – play a massive role in human health.

"And they need to partner to meet the desperate need – and fast-rising demand – for healthier homes and communities.”

The report found that wellness real estate has grown 6.4 per cent annually since 2015, and represents 1.5 per cent of the annual global construction market, and half the size of the global green building industry (US$260bn). The US, along with a few key Asian countries (China, Australia, India) and Europe (UK, Germany), account for three-quarters of the market.

In five years, the pipeline for wellness lifestyle real estate and communities has gone from a handful of projects to over 740 built, partially built, or in development, across 34 countries today.

Among more than 740 projects, GWI estimates that there are over 1.5 million units or homes either already built, or planned to be built out, over the next two decades. They account for more than 560,000 acres of land and will house more than 4.1 million people.

The GWI posits that emerging wellness living concepts will drive future development.

These include: a trend towards the strategic integration of homes, co-working facilities and wellness programming; a move by developers to collaborate with governments to bring wellness-infused homes to lower-income populations; a renewed interest in multigenerational and diverse neighbourhoods; a concentration of hospitals and health services for consumers mixed with wellness-focused neighbourhoods; a move from green to regenerative living, where communities produce their own food and renewable energy; a leveraging of technologies to create smart-healthy homes and cities; and a rediscovering of hot springs as a wellness living anchor.

“Our existing built environment has a massive and increasingly negative impact on our physical and mental health,” said Ophelia Yeung, GWI senior researcher.

“We'll never address skyrocketing chronic disease and health costs without dramatically transforming where and how we live.

"We’ve got to shift investment into the places that give us the most outsized health returns: our homes and communities.”

To read more about the Build Well to Live Well report, see Spa Business Q1 2018.

Top 10 Countries for Wellness Real Estate – Market Size
Country Market Size (US$ millions)
US US$52.5bn
China US$19.9bn
Australia US$9.5bn
UK US$9bn
Germany US$6.4bn
India US$6bn
France US$5.8bn
South Korea US$4.2bn
Canada US$2.4bn
Japan US$2.2bn

Top Ten Countries - Projects in Pipeline
US 355
Australia 189
UK 42
China 39
India 17
Canada 17
Malaysia 12
Singapore 9
Vietnam 6
Indonesia 6



Connect with
Spa Opportunities
Magazine:
View latest issue
Sign up:
Instant Alerts/zines

Print edition
 

‘The soul of the Left Bank’: Hotel Lutetia undergoes extensive renovation, adds holistic spa
Luxury hotel and spa to open in Florida Keys
Alex James named as spa director at The Langley
Preidlhof Hotel & Spa debuts Dream Well Suite
Bonnie Baker named board president of GSN
Hellenic philosophy, Chinese medicine inspire Greece’s Euphoria Retreat
 
Catalogue gallery


Company profile



Focus Training is a leading provider of Active IQ and YMCA Awards certified Personal Trainer courses. Flexible learning with full and part time courses available at venues across the UK.
View full profile>>

spa directory

Hydrotherapy / spa fragrances

Spa and beauty equipment

Spa software

Spa and beauty equipment

Linen

Skincare

Linen

Skincare

Architects/designers



Published by The Leisure Media Company Ltd Portmill House, Portmill Lane, Hitchin, Herts SG5 1DJ. Tel: +44 (0)1462 431385 | Contact us | About us | © Cybertrek Ltd