Latest News 2020 : SAVE Tourism Market (2020-2026) Country Level Analysis, Current Trade Size And Future Prospective

The global SAVE tourism market size was valued at $69.5 billion in 2018 and is projected to reach $106.9 billion by 2026, growing at a CAGR of 5.8% from 2019 to 2026. SAVE is a tourism concept, which adopts an approach that combines the demand for market and supply of four untapped verticals-Scientific, Academic, Volunteer, and Education aimed at tourism specifically. The market serves as a prime resource connecting NGOs, municipalities, and local businesses with customer supply, market exposure, and necessary funding. Travel is a way to learn, explore, help, and grow. Considering the SAVE tourism concept, it is essential that travelers and their travels make a positive impact on the destination they visit and help the place grow and maintain its uniqueness. Those attracted to SAVE tourism tend to be interested inactivities, which can be readily geared to cultural and natural heritage preservation efforts and that contribute to the improvement of local lives.

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The SAVE tourism industry has been evolving in terms of its demand and purpose of tours. Travel agencies focus on places where volunteers are needed and organize tours especially for the volunteers. For instance, in the case of natural calamities travel agencies organizes tours for volunteers to take them to the calamity hit places and help the people. Some agencies organize special tours targeting the scientific expedition in the rarely explored areas such as Antarctica glaciers and remote places like Amazon forests.

Academic travel is an exciting way for students to gain academic credit. Thesis research, short term university trips, study abroad programs, and visiting scholarships trips are ways for travelers to explore the world while gaining knowledge in a field of study. Volunteers who wish to contribute their services and make a positive impact on communities in need can choose from a wide range of SAVE tourism programmers. Volunteer travel is a tourism that allows tourists to volunteer in an organized way to undertake holidays that might involve the aiding or alleviating the material poverty of some groups in society, or help in restoration of certain environments, and in research related to environment. Opportunities in volunteering include rebuilding disaster-stricken areas, language education, and preserving World Heritage Sites.

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The SAVE tourism market size is segmented into type, sales channel, and region. Based on type, the SAVE tourism market is classified into scientist, academic, volunteer, and education. Based on sales channel, the SAVE tourism market is divided into travel agent, and online channel. Based on region, SAVE tourism market is studied across North America, Europe, Asia-Pacific, and LAMEA

The key players profiled for SAVE tourism industry include ABTA Ltd., ATTITUDE HOSPITALITY LTD (AHL), Bookdifferent, Caribtours Ltd, Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, Fair Trade Tourism, Four Communications, NECSTouR, Responsible Vacation, The travel foundation, Tui Group, and we-are.travel GmbH.

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