Several key factors are fueling this transformation. First, the global wellness economy was valued at $5.6 trillion in 2022, with wellness tourism projected to reach $1 trillion by the end of this year. Travelers today are prioritizing proactive health measures, pushing hotels beyond traditional spa services to incorporate longevity-driven experiences, including IV therapy, full-body diagnostics and performance recovery tools.
At the same time, the aging global population is reshaping travel habits. In the United States alone, the percentage of individuals aged 65 and older has doubled from 8% in 1950 to 16.9% in 2020. Consumers over 50 — collectively known as the Longevity Economy – contributed $45 trillion to the global GDP in 2020, highlighting their significant spending power.
Further, this travel is not limited to seniors. Younger generations are increasingly integrating trends such as biohacking, cryotherapy and hyper-personalized nutrition into their lifestyles and seeking it on the road.
All told, this presents an enormous opportunity for hospitality brands to cater to a new era of travelers. Recognizing this shift, FIBO is launching its first-ever Longevity and Hospitality Summit as part of its annual conference in April.
Athletech News spoke with Judith Cartwright, a leading expert in this space and a key speaker at the summit, to explore how hotels and resorts can successfully integrate longevity into their offerings.