Press release
Ecotourism Market 2024 - By Share, Top Companies, Revenue Outlook And Growth Forecast By 2033
Ecotourism Market
The Business Research Company presents an extensive market research report on the Ecotourism Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The ecotourism market size has grown rapidly in recent years. It will grow from $219.53 billion in 2023 to $249.16 billion in 2024 at a compound annual growth rate (CAGR) of 13.5%. The growth in the historic period can be attributed to demand for authentic experiences, government initiatives and policies, rise of responsible travel, conservation of biodiversity, educational components.
The ecotourism market size is expected to see rapid growth in the next few years. It will grow to $428.97 billion in 2028 at a compound annual growth rate (CAGR) of 14.5%. The growth in the forecast period can be attributed to rise of regenerative travel, climate-positive tourism initiatives, digital platforms for eco-experiences, green finance and investment, inclusive and diverse ecotourism. Major trends in the forecast period include tech integration for sustainable tourism, plastic-free initiatives and waste reduction, global collaboration for conservation, digital platforms for eco-experience, partnerships with conservation organizations.
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Key Market Players:
Major companies operating in the ecotourism market report are Marriott International Inc., TUI Group, Booking Holdings Inc., Airbnb Inc., Accor S.A., Kynder Travel, BCD Travel, andBeyond, G Adventures Ltd., JTB Corporation, Goway Travel Ltd., Natural Habitat Adventures, Travel Leaders Group, Intrepid Group Ltd., National Geographic Partners LLC, Responsible Travel, Small World Journeys Ltd., SteppesTravel Ltd., Rickshaw Travel, Experience Travel Group, Adventure Alternative Ltd., Aracari Travel, Undiscovered Mountains, Conservation Capital LLC, Nature Discovery, Baobab Tourism, NuMundo, New Worlder Journeys, Gondwana Ecotours, Byway Travel, Earth Changers, Hilton Worldwide Holdings Inc., InterContinental Hotels Group PLC, Expedia Group Inc., TripAdvisor Inc., American Express Global Business Travel, Flight Centre Travel Group Limited
Market Drivers:
The growing availability of eco-friendly tourist accommodations is expected to propel the growth of the ecotourism market going forward. The eco-friendly tourist accommodation is environmentally sustainable and follows the practices of green living to ensure non-toxic, safe, and energy-efficient accommodation for tourists. The hotels are adopting ecologically friendly designs and operations such as lowering pollutant emissions, and conserving water and energy, procuring green goods to promote ecotourism. For instance, in June 2022, according to the U.S. Department of Commerce, a US-based government administration, in 2021 the number of international visitors to the US has increased to 22.1 million. Therefore, the growing availability of eco-friendly tourist accommodation is promoting the ecotourism market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/ecotourism-global-market-report
The ecotourism market covered in this report is segmented -
1) By Type: Alternative Tourism, Responsible Tourism, Sustainable Tourism, Community Tourism
2) By Traveler Type: Solo Traveler, Group Traveler
3) By Age Group: Generation X, Generation Y, Generation Z
4) By Sales Channel: Travel Agent, Direct
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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