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21 MAY 2024 ISSUE 449
A SPA BUSINESS PUBLICATION
GWI: Wellness real estate booming
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The Global Wellness Institute (GWI) has released promising new research on the wellness real estate market. Called Wellness Real Estate:
Market Growth (2019-2023) and Future Developments, the paper reveals wellness real estate is by far the fastest-growing segment surging from US$225 billion in 2019 to US$438 billion in 2023. According to the GWI, the pandemic
■ SHA Wellness is investing in real estate
GWI
supercharged the market because
SHA WELLNESS CLINIC
in the 11-sector wellness economy,
it dramatically accelerated the understanding among consumers and
“As more people realise that their
the building industry about how much
biggest investment – their home – is
external environments impact health.
the ‘next frontier of their health’, the
Now, the GWI forecasts that
demand for wellness real estate
the sector will grow 15.8 per
will only continue to grow,” said
cent annually from 2023 to 2028
Katherine Johnston and Ophelia
when it will approach the trillion-
Yeung, GWI’s senior research fellows.
dollar mark (US$913 billion).
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