FUNDING FOR WELLNESS PROJECTS
THE WELLNESS INDUSTRY
The global wellness industry is a $3.7 trillion market. Wellness services include spas, rejuvenation, slimming, beauty, counselling, alternative therapy and fitness. Primary drivers of this market are increase in population and their per capita income.
Wellness tourism is a type of tourism where people travel to places for the betterment of their physical or mental state. It is different from medical tourism where people travel to other countries or places for medical care or treatment of a diagnosed disease. Wellness tourism is growing in popularity, as an increasing number of people are seeking destinations that not only provide great views, beaches and relaxation, but also healthy options and treatments for rejuvenating the body and mind. It is anticipated that more than half of the projected growth in the industry will take place in Asia, Latin America and the Middle East in the coming years.
FUNDING A WELLNESS PROJECT
A great feature in funding wellness center projects is the fact that:
Traditional funding instruments can and often are used, and
NO special accommodations or arrangements need to be added on to a funding arrangement involving a wellness center project, whether it's stand-alone or part of a bigger overall project.
The best case scenario is if you (as project promoter/owner) have a ready list of clients or pre-existing arrangements with travel agents specializing in wellness centers, or if this an add-on to a bigger hospitality project. Why? Because for investors it is a start to mitigating risk as it demonstrates that there is demand for your product/service offering and a solid market base.
THE FUNDING PROCESS
On the business end of a wellness center project, the promoter/ project owner is required to produce essentially the same basic information and documents as he/she would in any other type of project:
Feasibility Study (if you have it) and/or Environmental Impact Report
Any and all information and documents connected with the project
Are you a broker looking for new funding sources for your client(s)?
We always appreciate the interest garnered by the service we provide. While we do not have agents representing us in any countries of the world, we still get most of our business from banking consultants, introducers, and brokers worldwide.
If you are a broker, banking consultant, or professional introducer, we welcome the opportunity to do business with you; and in that respect, if you are interested to submit any wellness projects that require funding, we invite you to fill out the contact form below.