Summary
The global Sustainable Tourism Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
Sustainable tourism or ecotourism is a form of tourism that benefits local communities while preserving the environment. It involves responsible travel to natural areas and helps local people improve their lives while benefiting the environment. The concept of ecotourism is similar to other forms of tourism, but the focus is on improving the local environment. It is one of the hottest new trends in travel today. This is a good thing for travelers and the community. It is a growing movement and is fast gaining popularity. Ecotourism aims to educate and encourage people to protect their native lands. It also contributes to local economies by raising awareness about indigenous cultures. It can boost employment opportunities, reduce the exploitation of land and animals, and promote cultural heritage and education.
The global sustainable tourism market focuses on six regions, such as North America, Asia Pacific, South America, Europe, the Middle East, and Africa.
Drivers:
Increasing tourism activities in the world are expected to fuel the growth of the global sustainable tourism market over the forecast period. For instance, according to World Tourism Organization, in 2020 international tourist arrival in the world was around 402 million. There are many reasons why sustainable tourism is important. The main goal of ecotourism is to conserve a natural area and foster environmental awareness. It allows visitors to interact with local people and develop positive relationships. The goal of this type of tourism is to minimize the impact on the environment, which helps protect the environment. In addition, it provides an opportunity for visitors to understand other cultures and learn about their history and culture. It is also beneficial to the environment as it creates a positive impact on local ecosystems. Increasing service launches by key market players are estimated to boost the growth of the global sustainable tourism market.
Restraints:
The cost of sustainable tourism is expected to hinder the growth of the global sustainable tourism market.
Regional Insights:
In regions, North America is expected to dominate the growth of the global sustainable tourism market, owing to the presence of environmental organizations in the region. For instance, according to Matador Network, there are currently around 15,000 registered nonprofit organizations in the U.S. working for animal and environmental welfare. Moreover, Asia Pacific is estimated to witness high growth, owing to the increasing prevalence of sustainable and heritage tourism sites in the region.
Competitive Section:
Key players operating in the global sustainable tourism market include Undiscovered Mountains Ltd., Travel Leaders Group, Llc, Steppes Travel Ltd, Small World Journeys Pty Ltd, Rickshaw Travel Group, Intrepid Group Limited, G Adventures, Frosch International Travel, Inc, Arcari Travel, and Adventure Alternative Ltd.
In May 2021, Dubai Sustainable Tourism introduced a Get into the Green Scene tourism initiative.
In September 2021, the Indian Ministry of tourism introduced campaigns for responsible tourism on International Tourism day.
The Sustainable Tourism Market report highlights product development and growth strategies such as merger and acquisition adopted by market players along with SWOT Analysis, PEST and Porter’s Five Forces analyses of the Sustainable Tourism Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- Bouteco
- Kind Traveler
- Responsible Travel
- Wild Frontiers Adventure Travel
- Wilderness Holdings Limited
- Beyonder Experiences
- Kynder
- Eco Companion
- Undiscovered Mountains
- Aracari
- Rickshaw Travel
- Bouteco
By Product Type, the market is primarily segmented into:
- Coastal Tourism
- Mountain Tourism
- Island Tourism
By Applications, the market is segmented into:
- split into
- Solo
- Group
- Family
- Couples
The Report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Objective of the Sustainable Tourism Market Report:
- To assess the size of the market by value and volume
- Analyze the Sustainable Tourism Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Sustainable Tourism Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state-of –the-art tools and the current primary and secondary research approaches
- Discuss major factors that impact growth of the Sustainable Tourism Market
The Sustainable Tourism Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Sustainable Tourism Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
Request Discount 
Inquire Before Buy
