Thermal Springs Tourism Market Size, Share, and Trends 2025 to 2034

The thermal springs tourism market is rapidly expanding, fueled by rising consumer demand for wellness-focused experiences and improved global infrastructure. Valued at USD 57.78 billion in 2024, the market is projected to reach USD 230.11 billion by 2034, growing at a CAGR of 14.82%, with Asia Pacific leading the way and North America emerging as a fast-growing hub

Last Updated : August 2025  |  Report Code : 5201  |  Category : Consumer Goods  |  Format : PDF / PPT / Excel

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID-19 Impact on Thermal Springs Tourism Market 

5.1. COVID-19 Landscape: Thermal Springs Tourism Industry Impact

5.2. COVID-19  Impact Assessment for the Industry

5.3. COVID-19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Thermal Springs Tourism Market, By Service Type

8.1. Thermal Springs Tourism Market, by Service Type

8.1.1. Recreational

8.1.1.1. Market Revenue and Forecast

8.1.2. Therapeutic and Wellness

8.1.2.1. Market Revenue and Forecast

8.1.3. Luxury and Spa Services

8.1.3.1. Market Revenue and Forecast

8.1.4. Others (Adventure/Outdoor Activities, Etc.) 

8.1.4.1. Market Revenue and Forecast

Chapter 9. Global Thermal Springs Tourism Market, By Traveler Type

9.1. Thermal Springs Tourism Market, by Traveler Type

9.1.1. Domestic

9.1.1.1. Market Revenue and Forecast

9.1.2. International

9.1.2.1. Market Revenue and Forecast

Chapter 10. Global Thermal Springs Tourism Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Forecast, by Service Type

10.1.2. Market Revenue and Forecast, by Traveler Type

10.1.3. U.S.

10.1.3.1. Market Revenue and Forecast, by Service Type

10.1.3.2. Market Revenue and Forecast, by Traveler Type

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Forecast, by Service Type

10.1.4.2. Market Revenue and Forecast, by Traveler Type

10.2. Europe

10.2.1. Market Revenue and Forecast, by Service Type

10.2.2. Market Revenue and Forecast, by Traveler Type

10.2.3. UK

10.2.3.1. Market Revenue and Forecast, by Service Type

10.2.3.2. Market Revenue and Forecast, by Traveler Type

10.2.4. Germany

10.2.4.1. Market Revenue and Forecast, by Service Type

10.2.4.2. Market Revenue and Forecast, by Traveler Type

10.2.5. France

10.2.5.1. Market Revenue and Forecast, by Service Type

10.2.5.2. Market Revenue and Forecast, by Traveler Type

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Forecast, by Service Type

10.2.6.2. Market Revenue and Forecast, by Traveler Type

10.3. APAC

10.3.1. Market Revenue and Forecast, by Service Type

10.3.2. Market Revenue and Forecast, by Traveler Type

10.3.3. India

10.3.3.1. Market Revenue and Forecast, by Service Type

10.3.3.2. Market Revenue and Forecast, by Traveler Type

10.3.4. China

10.3.4.1. Market Revenue and Forecast, by Service Type

10.3.4.2. Market Revenue and Forecast, by Traveler Type

10.3.5. Japan

10.3.5.1. Market Revenue and Forecast, by Service Type

10.3.5.2. Market Revenue and Forecast, by Traveler Type

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Forecast, by Service Type

10.3.6.2. Market Revenue and Forecast, by Traveler Type

10.4. MEA

10.4.1. Market Revenue and Forecast, by Service Type

10.4.2. Market Revenue and Forecast, by Traveler Type

10.4.3. GCC

10.4.3.1. Market Revenue and Forecast, by Service Type

10.4.3.2. Market Revenue and Forecast, by Traveler Type

10.4.4. North Africa

10.4.4.1. Market Revenue and Forecast, by Service Type

10.4.4.2. Market Revenue and Forecast, by Traveler Type

10.4.5. South Africa

10.4.5.1. Market Revenue and Forecast, by Service Type

10.4.5.2. Market Revenue and Forecast, by Traveler Type

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Forecast, by Service Type

10.4.6.2. Market Revenue and Forecast, by Traveler Type

10.5. Latin America

10.5.1. Market Revenue and Forecast, by Service Type

10.5.2. Market Revenue and Forecast, by Traveler Type

10.5.3. Brazil

10.5.3.1. Market Revenue and Forecast, by Service Type

10.5.3.2. Market Revenue and Forecast, by Traveler Type

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Forecast, by Service Type

10.5.4.2. Market Revenue and Forecast, by Traveler Type

Chapter 11. Company Profiles

11.1. Terme Di Saturnia

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. Grand Resort Bad Ragaz

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. Gellért Thermal Bath

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. Ooedo Onsen Monogatari Hotels & Resorts Co., Ltd.

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. Baden-Baden Kur & Tourismus GmbH

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Blue Lagoon

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Caldea

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Vichy Thermalia

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Puyehue Hot Springs Hotel

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. Spa Thermal Park of Montecatini Terme

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

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Frequently Asked Questions

The global thermal springs tourism market size is expected to grow from USD 57.78 billion in 2024 to USD 230.11 billion by 2034.

The thermal springs tourism market is anticipated to grow at a CAGR of 14.82% between 2025 and 2034.

The major players operating in the thermal springs tourism market are Terme Di Saturnia, Grand Resort Bad Ragaz, Gellért Thermal Bath, Ooedo Onsen Monogatari Hotels & Resorts Co., Ltd., Baden-Baden Kur & Tourismus GmbH, Blue Lagoon, Caldea, Vichy Thermalia, Puyehue Hot Springs Hotel, Spa Thermal Park of Montecatini Terme, and Others.

The driving factors of the thermal springs tourism market are the rise in interest in water-based experiences and rising integration of wellness facilities within current tourism ecosystems.

Asia Pacific region will lead the global thermal springs tourism market during the forecast period 2025 to 2034.

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