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Industry Research
Thermal Tourism Industry Research Report 2026
Market perspective
The global Thermal Tourism market was valued at US$ million in 2025 and is projected to reach US$ million by 2032, implying a CAGR of % over 2026–2032.
North America: the Thermal Tourism market is projected to increase from US$ million in 2026 to US$ million by 2032, reflecting a CAGR of % over 2026–2032. Europe: the Thermal Tourism market is projected to rise from US$ million in 2026 to US$ million by 2032, registering a CAGR of % over 2026–2032. Asia Pacific: the Thermal Tourism market is expected to grow from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026–2032. Leading global service providers of Thermal Tourism include Expedia Group, Booking Holdings, China Travel, China CYTS Tours Holding, American Express Global Business Travel, Travel Leaders Group, JTB Corporation, Frosch and AndBeyond, among others; in 2025, the top three vendors together accounted for approximately % of global revenue.
Report Scope
Read the full market overview
This report quantifies the global Thermal Tourism market in terms of revenue (US$ million) and, where applicable, service volume (k units), using 2024 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of service Types and end-use Applications, harmonizes provider attribution, and delivers comparable time series by company, Type, Application, and region or country, including indicative price bands (US$/k units) and concentration ratios (CR5/CR10). Outputs are intended to support service design, budgeting, capacity planning, and benchmarking for providers, platforms, channel partners, and investors; the report also reviews technology shifts and notable service innovations relevant to Thermal Tourism.
Key Companies & Market Share Insights
This section profiles leading service providers with 2021–2025 results and a 2026–2032 outlook—covering revenue, market share, price bands, service portfolio and client mix, regional and channel mix, and key developments (M&A, network expansion, certifications). It also provides global revenue, average price, and—where applicable—volume metrics by provider, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
Thermal Tourism Market by Company
Expedia Group
Booking Holdings
China Travel
China CYTS Tours Holding
American Express Global Business Travel
Travel Leaders Group
JTB Corporation
Frosch
AndBeyond
Intrepid travel
Travelopia
Thermal Tourism Segment by Type
Thermal Springs
Geothermal
Thermal Tourism Segment by Application
Below 20 Years
20-30 Years
30-40 Years
40-50 Years
Above 50 Years
Thermal Tourism Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Russia
Netherlands
Nordic Countries
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Saudi Arabia
Israel
United Arab Emirates
Turkey
Iran
Egypt
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Thermal Tourism market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Thermal Tourism and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Thermal Tourism.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Provides the analysis of various market segments product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 6: Detailed analysis of Thermal Tourism companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 7, 8, 9, 10, 11: North America, Europe, Asia Pacific, South America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 12: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including revenue, gross margin, product introduction, recent development, etc.
Chapter 13: The main points and conclusions of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Thermal Springs
- Geothermal
Applications
- Below 20 Years
- 20-30 Years
- 30-40 Years
- 40-50 Years
- Above 50 Years
Companies covered
- Expedia Group
- Booking Holdings
- China Travel
- China CYTS Tours Holding
- American Express Global Business Travel
- Travel Leaders Group
- JTB Corporation
- Frosch
- AndBeyond
- Intrepid travel
- Travelopia
Inside the report.
1 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 Thermal Tourism by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032)
- 2.2.2 Thermal Springs
- 2.2.3 Geothermal
- 2.3 Thermal Tourism by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032)
- 2.3.2 Below 20 Years
- 2.3.3 20-30 Years
- 2.3.4 30-40 Years
- 2.3.5 40-50 Years
- 2.3.6 Above 50 Years
- 2.4 Assumptions and Limitations
3 Thermal Tourism Breakdown Data by Type
- 3.1 Global Thermal Tourism Historic Market Size by Type (2021-2026)
- 3.2 Global Thermal Tourism Forecasted Market Size by Type (2027-2032)
4 Thermal Tourism Breakdown Data by Application
- 4.1 Global Thermal Tourism Historic Market Size by Application (2021-2026)
- 4.2 Global Thermal Tourism Forecasted Market Size by Application (2027-2032)
5 Global Growth Trends
- 5.1 Global Thermal Tourism Market Perspective (2021-2032)
- 5.2 Global Thermal Tourism Growth Trends by Region
- 5.2.1 Global Thermal Tourism Market Size by Region: 2021 VS 2025 VS 2032
- 5.2.2 Thermal Tourism Historic Market Size by Region (2021-2026)
- 5.2.3 Thermal Tourism Forecasted Market Size by Region (2027-2032)
- 5.3 Thermal Tourism Market Dynamics
- 5.3.1 Thermal Tourism Industry Trends
- 5.3.2 Thermal Tourism Market Drivers
- 5.3.3 Thermal Tourism Market Challenges
- 5.3.4 Thermal Tourism Market Restraints
6 Market Competitive Landscape by Players
- 6.1 Global Top Thermal Tourism Players by Revenue
- 6.1.1 Global Top Thermal Tourism Players by Revenue (2021-2026)
- 6.1.2 Global Thermal Tourism Revenue Market Share by Players (2021-2026)
- 6.2 Global Thermal Tourism Industry Players Ranking, 2023 VS 2024 VS 2025
- 6.3 Global Key Players of Thermal Tourism Head Office and Area Served
- 6.4 Global Thermal Tourism Players, Product Type & Application
- 6.5 Global Thermal Tourism Manufacturers Established Date
- 6.6 Global Thermal Tourism Market CR5 and HHI
- 6.7 Global Players Mergers & Acquisition
7 North America
- 7.1 North America Thermal Tourism Market Size (2021-2032)
- 7.2 North America Thermal Tourism Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 7.3 North America Thermal Tourism Market Size by Country (2021-2026)
- 7.4 North America Thermal Tourism Market Size by Country (2027-2032)
- 7.5 United States
- 7.5 United States
- 7.6 Canada
- 7.7 Mexico
8 Europe
- 8.1 Europe Thermal Tourism Market Size (2021-2032)
- 8.2 Europe Thermal Tourism Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.3 Europe Thermal Tourism Market Size by Country (2021-2026)
- 8.4 Europe Thermal Tourism Market Size by Country (2027-2032)
- 8.5 Germany
- 8.6 France
- 8.7 U.K.
- 8.8 Italy
- 8.9 Spain
- 8.10 Russia
- 8.11 Netherlands
- 8.12 Nordic Countries
9 Asia-Pacific
- 9.1 Asia-Pacific Thermal Tourism Market Size (2021-2032)
- 9.2 Asia-Pacific Thermal Tourism Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 9.3 Asia-Pacific Thermal Tourism Market Size by Country (2021-2026)
- 9.4 Asia-Pacific Thermal Tourism Market Size by Country (2027-2032)
- 9.5 China
- 9.6 Japan
- 9.7 South Korea
- 9.8 India
- 9.9 Australia
- 9.10 China Taiwan
- 9.11 Southeast Asia
10 South America
- 10.1 South America Thermal Tourism Market Size (2021-2032)
- 10.2 South America Thermal Tourism Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 10.3 South America Thermal Tourism Market Size by Country (2021-2026)
- 10.4 South America Thermal Tourism Market Size by Country (2027-2032)
- 10.5 Brazil
- 10.6 Argentina
- 10.7 Chile
- 10.8 Colombia
- 10.9 Peru
11 Middle East & Africa
- 11.1 Middle East & Africa Thermal Tourism Market Size (2021-2032)
- 11.2 Middle East & Africa Thermal Tourism Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 11.3 Middle East & Africa Thermal Tourism Market Size by Country (2021-2026)
- 11.4 Middle East & Africa Thermal Tourism Market Size by Country (2027-2032)
- 11.5 Saudi Arabia
- 11.6 Israel
- 11.7 United Arab Emirates
- 11.8 Turkey
- 11.9 Iran
- 11.10 Egypt
12 Players Profiled
- 12.1 Expedia Group
- 12.1.1 Expedia Group Company Information
- 12.1.2 Expedia Group Business Overview
- 12.1.3 Expedia Group Revenue in Thermal Tourism Business (2021-2026)
- 12.1.4 Expedia Group Thermal Tourism Product Portfolio
- 12.1.5 Expedia Group Recent Developments
- 12.2 Booking Holdings
- 12.2.1 Booking Holdings Company Information
- 12.2.2 Booking Holdings Business Overview
- 12.2.3 Booking Holdings Revenue in Thermal Tourism Business (2021-2026)
- 12.2.4 Booking Holdings Thermal Tourism Product Portfolio
- 12.2.5 Booking Holdings Recent Developments
- 12.3 China Travel
- 12.3.1 China Travel Company Information
- 12.3.2 China Travel Business Overview
- 12.3.3 China Travel Revenue in Thermal Tourism Business (2021-2026)
- 12.3.4 China Travel Thermal Tourism Product Portfolio
- 12.3.5 China Travel Recent Developments
- 12.4 China CYTS Tours Holding
- 12.4.1 China CYTS Tours Holding Company Information
- 12.4.2 China CYTS Tours Holding Business Overview
- 12.4.3 China CYTS Tours Holding Revenue in Thermal Tourism Business (2021-2026)
- 12.4.4 China CYTS Tours Holding Thermal Tourism Product Portfolio
- 12.4.5 China CYTS Tours Holding Recent Developments
- 12.5 American Express Global Business Travel
- 12.5.1 American Express Global Business Travel Company Information
- 12.5.2 American Express Global Business Travel Business Overview
- 12.5.3 American Express Global Business Travel Revenue in Thermal Tourism Business (2021-2026)
- 12.5.4 American Express Global Business Travel Thermal Tourism Product Portfolio
- 12.5.5 American Express Global Business Travel Recent Developments
- 12.6 Travel Leaders Group
- 12.6.1 Travel Leaders Group Company Information
- 12.6.2 Travel Leaders Group Business Overview
- 12.6.3 Travel Leaders Group Revenue in Thermal Tourism Business (2021-2026)
- 12.6.4 Travel Leaders Group Thermal Tourism Product Portfolio
- 12.6.5 Travel Leaders Group Recent Developments
- 12.7 JTB Corporation
- 12.7.1 JTB Corporation Company Information
- 12.7.2 JTB Corporation Business Overview
- 12.7.3 JTB Corporation Revenue in Thermal Tourism Business (2021-2026)
- 12.7.4 JTB Corporation Thermal Tourism Product Portfolio
- 12.7.5 JTB Corporation Recent Developments
- 12.8 Frosch
- 12.8.1 Frosch Company Information
- 12.8.2 Frosch Business Overview
- 12.8.3 Frosch Revenue in Thermal Tourism Business (2021-2026)
- 12.8.4 Frosch Thermal Tourism Product Portfolio
- 12.8.5 Frosch Recent Developments
- 12.9 AndBeyond
- 12.9.1 AndBeyond Company Information
- 12.9.2 AndBeyond Business Overview
- 12.9.3 AndBeyond Revenue in Thermal Tourism Business (2021-2026)
- 12.9.4 AndBeyond Thermal Tourism Product Portfolio
- 12.9.5 AndBeyond Recent Developments
- 12.10 Intrepid travel
- 12.10.1 Intrepid travel Company Information
- 12.10.2 Intrepid travel Business Overview
- 12.10.3 Intrepid travel Revenue in Thermal Tourism Business (2021-2026)
- 12.10.4 Intrepid travel Thermal Tourism Product Portfolio
- 12.10.5 Intrepid travel Recent Developments
- 12.11 Travelopia
- 12.11.1 Travelopia Company Information
- 12.11.2 Travelopia Business Overview
- 12.11.3 Travelopia Revenue in Thermal Tourism Business (2021-2026)
- 12.11.4 Travelopia Thermal Tourism Product Portfolio
- 12.11.5 Travelopia Recent Developments
13 Report Conclusion
14 Disclaimer
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