Headlines in the Global Wellness Economy
Global Wellness News™ | September 27th, 2022
Still feeling good: The US wellness market continues to boom
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.
Wellness travel on rise as consumers prioritize health | PhocusWire
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.
Introducing Brad Pitt: the wellness mogul
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.
J Balvin enters the digital wellness space with the launch of a bilingual mental health app
OYE, a bilingual wellness app, launched by JBalvin will provide users with wellness practices and daily feeling check-ins.
Limbo is tackling obesity with a pair of wearables and decades of physiology
Limbo’s subscription weight loss plan uses a biosensing CGM wearable to nudge users towards a keto diet to tackle the obesity crisis.
take a peek at the world’s largest geothermal lagoon to be built in canada
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.
Peloton, the Troubled Fitness Company, Loses Another Top Executive
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.
Curated Global Wellness News is posted every Tuesday and Thursday on the Industry News section of the GWS website. Catch up on last Thursday’s edition here.