However, challenges exist as brands jockey for position in
this competitive landscape.
This story first appeared on Travel Weekly
GLOBAL REPORT - A wellness arms race is heating up in the luxury hospitality
sector, with a promise of longer and healthier lives.
And as more players enter the fray, offering increasingly
sophisticated longevity treatments catering to the ultrawealthy and
health-obsessed, it seems there’s no limit to how far the medical-wellness boom
can go.
“It’s astounding the speed in which a new focus on longevity
is rewriting the wellness market,” said Beth McGroarty, research director at
nonprofit research group Global Wellness Institute.
According to the institute, medical-wellness longevity
clinics represent one of the fastest-growing business categories within the
global wellness sector.
McGroarty attributes this surge to several factors.
“People are seeking a longer health span and a dramatically
different way of aging than their parents and grandparents,” she said, adding
that because “the medical establishment is still not focused on prevention,
people of means are seeking a new concierge medical-wellness approach to
prevent problems.”
The stakes in these wellness wars are high, with treatments
at many resorts with medically focused programming commanding sky-high
prices.
“If you think about a luxury spa treatment, that might be
around $500, but some of these [longevity treatments] are $10,000, $25,000 or
more,” said McGroarty, pointing out that the increase in wealth among the
richest Americans since the pandemic has also fueled the proliferation of these
ultra-expensive wellness offerings.
McGroarty cited examples like the Four Seasons Resort Maui
at Wailea, which has teamed up with medical-longevity company Next Health on
offerings including a $12,000 stem cell treatment, or a four-session “longevity
protocol” that includes ozone, stem cell, exosome and nicotinamide adenine
dinucleotide, or NAD+, therapies for $44,000.
Moves by other industry giants highlight the increasingly
competitive nature of the market.
In mid-September, SBE joined forces with author and life
coach Tony Robbins to unveil The Estate, a hotel brand focused on preventive
medicine and longevity. At the heart of The Estate’s concept is a partnership
with Fountain Life, a company co-founded by Robbins that specializes in disease
detection and prevention and offers access to MRI scans, genome sequencing,
advanced blood diagnostics and other cutting-edge medical technologies.
The Estate’s expansion plans are ambitious: It aims to open
15 hotels and residences, along with 10 urban preventive-medicine centers, by
2030. The flag’s first four hotels are slated to debut in 2026 in St. Kitts,
the U.K., northern Italy and Montreux, Switzerland, with additional locations
planned for Miami and in the Persian Gulf region.
According to SBE, The Estate ultimately aims to become “the
world's biggest network of longevity-focused resorts and residential projects.”
But The Estate isn’t alone in this pursuit. Established
players like Canyon Ranch, Six Senses, SHA and Lanserhof are continuing to
aggressively innovate and expand, vying for a larger share of the lucrative
medical wellness market.
Despite being known for its more holistic wellness approach,
IHG Hotels & Resorts' Six Senses is getting into medical wellness with its
RoseBar longevity concept, which debuted at the Six Senses Ibiza last
year.
This summer, Canyon Ranch launched Longevity8, a four-day
program that includes 15 diagnostic tests designed to assess over 200
biomarkers, as well as 18 one-on-one consultations and six months of virtual
follow-ups. The program will debut at Canyon Ranch's Tucson, Arizona, resort in
November and is priced at $20,000 per person.
Lanserhof, known for its trio of health resorts in Austria
and Germany that focus on caloric-restriction programs, announced plans to open
a fourth property, in Marbella, Spain, by 2026.
And Spain’s SHA, another powerhouse in the medical wellness
space, opened its second resort in Mexico's Costa Mujeres last year, with a
third location on track to open in the United Arab Emirates by 2025.
However, this rapid expansion and diversification of
offerings has come with challenges. As brands jockey for position in this
competitive landscape, they’re also grappling with the problem of clearly
defining their offerings.
“I think the word longevity, like the word wellness, is
getting stretched so thin -- what isn’t longevity these days?” McGroarty said,
highlighting the potential for consumer confusion.
There’s also potential for market saturation, she
added.
“All of this medical wellness and longevity programming has
been pitched at the 1% or the 2%,” McGroarty said. “You’re seeing all these
[business] models come in, and so it is a lot of crowdedness in a space that’s
geared at a very small segment of the population.”