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Ecotourism Global Market Report 2024 Market Outlook 2024 : Expected Market Growth Rate, Major Driver And Segments | Marriott International Inc., TUI Group, Booking Holdings Inc., Airbnb Inc., Accor S.A
Ecotourism Global Market Report 2024
The Business Research Company offers in-depth market insights through Ecotourism Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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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Market Segmentation:
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
Major Driver - Rising Demand For Eco-Friendly Tourist Accommodations Drives Growth In The Ecotourism Market
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.
Competitive Landscape:
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
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Top Trend - Groundbreaking Digital Solution Revolutionizing Ecotourism Experiences
Major companies operating in the ecotourism market are developing new products such as seamless digital solutions to gain a competitive edge in the market. Seamless digital solutions refer to integrated and cohesive technology-based systems that provide a smooth and uninterrupted user experience across various devices, platforms, and touchpoints. For instance, in February 2022, CSM Technologies Pvt. Ltd, an India-based information technology and services company launched Torque for the tourism sector. Torque provides tourists with a whole supported experience, from discovery of their place to enjoyment. It aims to democratize opportunities for all parties involved in the travel value chain by providing a single digital interface. The platform offers tools to extract user-generated content from reviews of travel experiences and offers 360-degree, holistic social media management. The purpose of this digital solution is to improve travelers' and travel industry stakeholders' experiences.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Ecotourism Market Characteristics
3. Ecotourism Market Trends And Strategies
4. Ecotourism Market - Macro Economic Scenario
5. Ecotourism Market Size And Growth
…..
27. Ecotourism Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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