Claim: Global spa, wellness industry estimated at $3.4 trillion: report.
Verdict: SUPPORTS

Retrieved passages:
title: Wellness tourism
text: alone (United States, Germany, Japan, France, Austria) account for more than half the market (59 percent of expenditures). As of 2014, the US is the largest wellness tourism market, with $180.7 billion in annual, combined international and domestic expenditures. The US is the top destination for inbound international wellness tourism, with 7.1 million international, inbound trips. Europe and high-income Asian countries are primary sources of wellness tourists traveling to the US. Domestic tourism accounts for the majority (94 percent) of wellness trips in North America. Americans and Canadians receive—and take—few vacation days compared to workers in other countries making domestic,

title: Wellness tourism
text: weekend trips the most popular wellness travel option. Europe is the second largest wellness tourism market, with $158.4 billion in annual, combined international and domestic expenditures; the region ranks highest in number of wellness trips with 216.2 million, compared to North America's 171.7 in 2013. Europeans have long believed in health benefits derived from mineral baths, saunas, thalassotherapy, and other natural and water-based treatments. Thermal resorts and hotels in Turkey and Hungary cater to wellness tourists, many of whom are subsidized by host countries such as Norway and Denmark seeking to mitigate costs of medical procedures for patients with chronic

title: Economy of India
text: 2015 and 2020, to reach US$280 billion, buoyed by rising incomes, greater health awareness, increased precedence of lifestyle diseases, and improved access to health insurance. The ayurveda industry in India recorded a market size of $4.4 billion in 2018. The Confederation of Indian Industry estimates that the industry will grow at a CAGR 16% until 2025. Nearly 75% of the market comprises over-the-counter personal care and beauty products, while ayurvedic well-being or ayurvedic tourism services accounted for 15% of the market. The logistics industry in India was worth over $160 billion in 2016, and grew at a CAGR of 7.8%

title: Wellness tourism
text: 68 percent of expenditures (or $299 billion). International wellness tourism represents 16 percent of wellness travel and 32 percent of expenditures ($139 billion market). The wellness tourism market includes primary and secondary wellness tourists. Primary wellness tourists travel entirely for wellness purposes while secondary wellness tourists engage in wellness-related activities as part of a trip. Secondary wellness tourists constitute the significant majority (87 percent) of total wellness tourism trips and expenditures (85 percent). Wellness travelers pursue diverse services, including physical fitness and sports; beauty treatments; healthy diet and weight management; relaxation and stress relief; meditation; yoga; and health-related education. Wellness

title: Wellness tourism
text: conditions requiring expensive surgeries. The Asia-Pacific region ranks as the third largest with $6.4 billion in annual, combined international and domestic expenditures. Wellness traditions date back thousands of years in this region, and some of those wellness practices (e.g., Ayurveda, traditional Chinese medicine (TCM), yoga, hilot, Thai massage) incorporate preventive, curative, and therapeutic aspects that lie in the cross-over area between wellness and medical tourism. Latin America-Caribbean is the fourth largest region for wellness tourism in terms of number of trips and expenditures. Domestic tourism accounts for about 71 percent of wellness tourism trips, and 54 percent of wellness tourism

title: World Drug Report
text: at much higher prices than Southwest and Southeast Asia). Another fundamental problem with the drug data they cite is that it reflects not the “ trade flow but the estimate of turnover.” The article projects an estimated valuation number for global drug market to be at $20–25 billion annually which is a stark contrast to the UNDCP’s $500 billion. In their book Sex, Drugs, and Body Counts: The Politics of Numbers In Global Crime and Conflict,Peter Andreas, Kelly M. Greenhill too argue that these figures may be, and in fact often are, distorted and manipulated. They write, “ Illicitness makes

title: Wellness tourism
text: in Asia, the Middle East/North Africa, Sub-Saharan Africa and developing countries, wellness tourism is expected to grow 50 percent faster than the overall tourism industry over the next five years. Market is expected to grow through 2014. Wellness tourists are generally high-yield tourists, spending, on average, 130 percent more than the average tourist. In 2013, International wellness tourists spend approximately 59 percent more per trip than the average international tourist; domestic wellness tourists spend about 159 percent more than the average domestic tourist. Domestic wellness tourism is significantly larger than its international equivalent, representing 84 percent of wellness travel and

title: Huda Beauty
text: popular brand wants to be one of the bully problems or one of the solutions. This ends by Kattan’s replied posts and apology online. The beauty industry is estimated to be worth $445 billion. A key driver to its rapid growth are influencers on visually focused social platforms like YouTube, Instagram and Pinterest who build blog-to-brand businesses such as Fenty Beauty. According to "Forbes", the barrier to entry for cosmetic businesses has fallen, as entrepreneurs with a strong social media following can hire laboratories to test formulae on a contract basis and can sell their products through stores such as

title: Cannabis industry
text: addition of ancillary products and services amounts to an economic impact that is estimated at four times the value of direct sales of cannabis. Based on this multiplier, the total economic impact of the cannabis industry in the United States was $16-$18 billion in 2016 and is expected to reach $47.6-$68.4 billion by 2021 . Multiple trade associations have been incepted to cater to the emerging cannabis industry. In North America, the most prominent is the National Cannabis Industry Association which is focused on "advancing the interests of the legitimate and responsible cannabis industry". Other trade organizations include the National

title: Wellness tourism
text: Wellness tourism Wellness tourism is travel for the purpose of promoting health and well-being through physical, psychological, or spiritual activities. While wellness tourism is often correlated with medical tourism because health interests motivate the traveler, wellness tourists are proactive in seeking to improve or maintain health and quality of life, often focusing on prevention, while medical tourists generally travel reactively to receive treatment for a diagnosed disease or condition. Within the US $3.4 trillion spa and wellness economy, wellness tourism is estimated to total US$494 billion or 14.6 percent of all 2013 domestic and international tourism expenditures. Driven by growth

title: Aspotogan Sea Spa
text: 175,500-square-foot luxury resort to be developed at an estimated cost of C$37.5 million on a site of more than 120 hectares. They predicted that Europeans would flock to the hotel to enjoy a range of stress-relieving activities including seashore walks, body-building, underwater massage, electrical therapy, and electro-galvanic and carbon-dioxide baths. The hotel was to feature an indoor saltwater pool, special air-filtration systems, and the use of non-toxic construction materials. The project received $10,000 from the Atlantic Canada Opportunities Agency to assist in marketing. The spa was a welcome development in an area hit by the decline of the fishing industry,

title: Economy of China
text: world's top tourism industry by 2020. Chinese business-travel spending is also forecast to be the highest in the world by 2014, overtaking the United States. According to a Global Business Travel Association study, total business-travel spending is expected to reach US$195 billion in 2012. It is forecast by Euromonitor International that China will overtake France as the leading travel destination by 2030. Luxury spending in China has skyrocketed, an indicator of the country's newfound wealth. For example, the Chinese bottled water industry is forecast to more than double in size in 2008, becoming a $10.5 billion industry. Meanwhile, as those

title: Beauty salon
text: to have revenue of almost $11 billion by 2018. This growth is being driven in part by a generally increasing awareness of the importance of skin care among American woman, but also specifically due to an increase in the market for men. The market is distributed widely across America, with a concentration in the Northeast and Midwest. There is also a growing trend in boutique salons popping up and leveraging online marketing to gain customers and compete with the franchise chains. The US Labor Department estimates employment in the United States will increase 20% between 2008–2014, with greatest employment growth

title: Cannabis industry
text: Ontario and British Columbia. According Deloitte, the base retail market is valued at $4.9-$8.7 billion annually . Including ancillary opportunities, Deloitte estimates a market worth $12.7-$22.6 billion annually, demonstrating an upside of more than $20 billion . The cannabis industry is supported by a network of ancillary products and services that do not "touch the plant". The most common ancillary services are professional services followed by information services, banking services, and security . Cultivation structures, installments, and equipment are the most common ancillary products followed by consumption devices, paraphernalia, packaging, processing equipment, software, security equipment, and laboratory supplies . The

title: Investment management
text: global fund management industry increased by 10% in 2010, to $79.3 trillion. Pension assets accounted for $29.9 trillion of the total, with $24.7 trillion invested in mutual funds and $24.6 trillion in insurance funds. Together with alternative assets (sovereign wealth funds, hedge funds, private equity funds and exchange traded funds) and funds of wealthy individuals, assets of the global fund management industry totalled around $117 trillion. Growth in 2010 followed a 14% increase in the previous year and was due both to the recovery in equity markets during the year and an inflow of new funds. The US remained by

title: Payment for ecosystem services
text: ecotourism). Notably, however, there is a "big three" among these 24 services which are currently receiving the most money and interest worldwide. These are climate change mitigation, watershed services and biodiversity conservation, and demand for these services in particular is predicted to continue to grow as time goes on. One seminal 1997 "Nature" magazine article estimated the annual value of global ecological benefits at $33 trillion, a number nearly twice the gross global product at the time. In 2014, the author of this 1997 research (Robert Costanza) and a qualified group of co-authors re-took this assessment – using only a

title: Luxury goods
text: from the setback caused by the 1997 Asian Financial Crisis, the industry has performed well, particularly in 2000. In that year, the world luxury goods market – which includes drinks, fashion, cosmetics, fragrances, watches, jewelry, luggage, handbags – was worth close to $170 billion and grew 7.9 percent. The United States has been the largest regional market for luxury goods and is estimated to continue to be the leading personal luxury goods market in 2013, with a value of 62.5 billion euros. The largest sector in this category was luxury drinks, including premium whisky, Champagne, Cognac. This sector was the

title: Show business
text: but the term is still in active use. In modern entertainment industry, it is also associated with the fashion industry (creating trend and fashion) and acquiring intellectual property rights from the invested research in the entertainment business. The global media and entertainment (M&E) market, including motion pictures, television programs and commercials, streaming content, music and audio recordings, broadcast, radio, book publishing, video games, and ancillary services and products) was worth $1.72 trillion in 2015, $1.9 trillion in 2016, with extrapolations ranging to $2.14 trillion by 2020. About one third of the total ($735 billion in 2017) is made up by

title: Tendency of the rate of profit to fall
text: trillion in 2015 (this was equal to 2.7 times global GDP, or 60% of mainstream global assets; residential property accounted for 75% of the total value of global real estate property). Yolande Barnes, head of Savills world research, stated: Specifically, Savills estimated that the "investable" global real estate in 2015 amounted to $81 trillion (37%), as against $136 trillion (63%) "non-investable" global real estate (not in the market for investors). This compared with $55 trillion of global equities, $94 trillion outstanding global securitized debt, and the $6 trillion of all the gold that was ever mined. For 2014, the OECD

title: Wellness tourism
text: weekends in destination locations that draw industry leaders together to deliver cutting edge, eclectic, instructive, adventurous and otherwise nourishing, healthy weekends. As health and wellness is becoming a growing reason for people to travel across the globe, cruise ships are increasingly gaining popularity. Spas on cruise ships can help make the voyage more relaxing and pleasurable. Numerous cruise ships are available today that provide spa and wellness treatments on board. Wellness tourism is now an identifiable niche market in at least 30 countries. Twenty countries accounted for 85 percent of global wellness tourism expenditures in 2012. The top five countries