Sustainable Tourism Market 2020: Report Forecasts The Impact Of COVID-19 Pandemic On Business And Future Opportunity
Increase in awareness about the environment, shifts in the preferences to local experiences, and people's interest in exploring new cultures, and cuisine drive the growth of global sustainable tourism market. However, the factors that can hamper the growth of sustainable tourism are government policies, lack of investment, resources, and high cost on travel. Even so, sustainable tourism can grow in the future with the increase of this type of tourism. Some governments are also providing help for the development of sustainable tourism.
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Regions covered - North America (U.S. and Canada), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA)
The key market players profiled in the report include - Bouteco, Kind Traveler, Responsible Travel, Wild Frontiers Adventures Travel, Wilderness Holding Limited, Beyonder Experiences, Kynder, Eco- Companion, Undiscovered Mountains, Rickshaw Travel.
COVID-19 Scenario Analysis:
○ The novel COVID-19 has heavily impacted the tourism industry.
○ Restriction on travel and transportation has caused heavy losses for the global destinations and hotels.
○ Due to COVID-19 there is a risk of 200 million job loss in tourism in future.
○ According to UNWTO stats shows tourist arrival decreased by 22% in Q1 2020.
○ Travel and tourism play an important role in the country’s GDP but due to COVID pandemics, GDP has decreased.
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Key Segments Covered:
• Coastal Tourism
• Mountain Tourism
• Island Tourism
• Baby Boomers
• Generation X
• Silver hair
Key Benefits of the Report:
♦ This study presents the analytical depiction of the global sustainable tourism industry along with the current trends and future estimations to determine the imminent investment pockets.
♦ The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global sustainable tourism market share.
♦ The current market is quantitatively analyzed from 2020 to 2027 to highlight the global sustainable tourism market growth scenario.
♦ Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
♦ The report provides a detailed global sustainable tourism market analysis based on competitive intensity and how the competition will take shape in coming years.
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Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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