US EditionSpas, tourism, and real estate fuel Philippines' $43B wellness boom
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Spas, tourism, and real estate fuel Philippines' $43B wellness boom
The Philippines’ wellness market expanded by 21 percent to $43.3 billion in 2023 from $35.8 billion in 2019, according to latest data from the non-profit Global Wellness Institute (GWI). This performance ranks the country eighth among 45 Asia Pacific markets and 23rd out of 218 globally. During the same year, the wellness industry accounted for 9.9 percent of the national gross domestic product (GDP), GWI said in a statement released on May 15. …
·Manila, Philippines
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