According to a recent feature on CNBC, rising numbers of female millionaires and billionaires around the world may help drive a rise in luxury health and wellness holidays and women-only hotel services. IHHR managed Ananda Spa, which is also part of C&C Alpha’s Shanti Hospitality Group, was mentioned amongst the luxury destinations women are choosing to spend their money on.
The number of female ultra-high net worth individuals (UHNWI) — those with net assets of $30 million or more, excluding their primary residences — is increasing faster than male UHNWI, encouraging travel agencies, hotels and tour operators to focus on their interests. These include holidays that focus on “wellness” and can be combined with business or voluntary work, according to data provider, WealthInsight.
“Interview and secondary research show that spas, yoga, meditation, health and wellness are appealing to female UHNWI,” Roselyn Lekdee, economist at WealthInsight, told CNBC on Wednesday.
“Wellness” tourism can incorporate a wide range of activities including spa, yoga, detox, fitness and stress relief. The industry is worth $494 billion globally, according to the Global Wellness Institute, an industry body.
This type of tourism is growing and proving popular with solo travelers — and women. Several Asian countries are benefiting from the trend, with Thailand, Indonesia, Malaysia and India known for high-end health and wellness holidays.
“UHNWIs globally often travel to these countries for luxury spa and detox retreats,” Lekdee told CNBC.
Spas are offered by many of the region’s luxury hotel chains, including the Four Seasons, Shangri-La, Mandarin Oriental and Hyatt.
There are also chains of high-end spa resorts like Banyan Tree, which has hotels in Thailand, Indonesia, the Maldives and the Seychelles.
The Ananda Spa offers white-water rafting, safaris and treks in the snow-capped Indian Himalayas, as well as yoga, meditation, fitness training and spa treatments.