Headlines in the Global Wellness Economy
Global Wellness News™ | September 27th, 2022
As evidenced by fitness classes, wearable technology, and mindfulness apps, wellness continues to be a major priority for consumers, increasingly becoming a part of their everyday lives. We estimate the spend on wellness products and services to be more than $450 billion in the United States and growing at more than 5 percent annually.
Despite financial concerns, half of consumers plan to maintain or increase spending on leisure travel in the months ahead, regardless of income level, according to a recent Accenture study. Some are looking to not only get away, but to also focus on their well-being: Among high-income consumers, 39% say they already have a luxury trip or wellness retreat booked through early 2023.
There inevitably comes a time in a celebrity’s life when they look around and think: “you know what the world needs? Another beauty brand.” Following in the footsteps of almost every female star before him, this week Brad Pitt launched an prohibitively expensive skincare line.
OYE, a bilingual wellness app, launched by JBalvin will provide users with wellness practices and daily feeling check-ins.
Limbo’s subscription weight loss plan uses a biosensing CGM wearable to nudge users towards a keto diet to tackle the obesity crisis.
Quebec-based company geoLagon, which specializes in the sale of short-term rental chalets, intends to build the world’s largest geothermal lagoon in Charlevoix, Canada . Drawing from the famed Blue Lagoon in Iceland , the open-air lagoon will feature a patent-pending thermal reservoir heating system that will keep the waters at 39 °C (102 °F) all year long, providing shelter from the area’s temperatures that plunge below zero (32 °F) in the wintertime.
The company’s chief marketing officer announced her departure on the heels of a management shake-up that included the exit of two of its founders. Send any friend a story As a subscriber, you have 10 gift articles to give each month. Anyone can read what you share.