Sustainable Tourism Market: An Untapped Opportunity for Green Growth

Sustainable Tourism Market Overviews

Sustainable Tourism is sustainable practices in and by the tourism industry. It is an aspiration to acknowledge all impacts of tourism, both positive and negative. It aims to minimize the negative impacts and maximize the positive ones. Sustainable tourism is defined by the UN Environment Program and UN World Tourism Organization as "tourism that takes full account of its current and future economic, social and environmental impacts, addressing the needs of visitors, the industry, the environment and host communities."

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Sustainable Tourism Market Scope and Methodology:

Sustainable tourism development presents a myriad of opportunities for businesses within the travel industry to cater to an increasingly important market segment: environmentally conscious travelers. This Sustainable Tourism Market is rapidly increasing as individuals grow more cognizant of climate change and their individual impacts on the environment.

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Sustainable Tourism Market Regional Insights

North America boasts abundant natural treasures and scenic wonders, offering a diverse array of ecotourism opportunities. From the majestic landscapes of Canada to the vibrant ecosystems of Mexico and the United States, the region captivates visitors with its rich biodiversity and geological marvels, which is expected to boost the Sustainable Tourism Market growth. Spanning the continent are iconic features like the mountain ranges stretching from the Canadian Rockies to the Mexican Sierra Madre, along with captivating wildlife such as migratory whales, birds, and monarch butterflies.

Sustainable Tourism Market Segmentation

Based on Type, the market is segmented into Ecotourism, Community tourism, Geotourism, Culture, and Others. Ecotourism segment dominated the market in 2023 and is expected to hold the largest sustainable tourism market share over the forecast period. Ecotourism is a segment within the sustainable tourism market that focuses on promoting responsible travel to natural areas while conserving the environment and improving the well-being of local communities. It emphasizes immersing travelers in natural landscapes, wildlife habitats, and cultural heritage sites while minimizing negative impacts on the environment and supporting local economies. Ecotourism aims to protect and preserve natural habitats, wildlife, and ecosystems. It promotes practices that minimize pollution, habitat destruction, and disruption of wildlife.





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Sustainable Tourism Market Key Players

Booking Holdings Inc. - Norwalk, Connecticut, USA
Expedia Group - Seattle, Washington, USA
Airbnb, Inc. - San Francisco, California, USA
TripAdvisor, Inc. - Needham, Massachusetts, USA
Marriott International, Inc. - Bethesda, Maryland, USA
Hilton Worldwide Holdings Inc. - McLean, Virginia, USA
InterContinental Hotels Group PLC - Denham, Buckinghamshire, UK
Hyatt Hotels Corporation - Chicago, Illinois, USA

Key questions answered in the Sustainable Tourism Market are:

What is Sustainable Tourism?
What was the Sustainable Tourism market size in 2023?
What is the growth rate of the Sustainable Tourism Market?
Which are the factors expected to drive the Sustainable Tourism market growth?
What are the different segments of the Sustainable Tourism Market?
What growth strategies are the players considering to increase their presence in Sustainable Tourism?
What are the upcoming industry applications and trends for the Sustainable Tourism Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Sustainable Tourism Market?
Who are the leading companies and what are their portfolios in Sustainable Tourism Market?
What segments are covered in the Sustainable Tourism Market?
Who are the key players in the Sustainable Tourism market?


Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations


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About Stellar Market Research
Established in 2018, Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. The company's vision is to be an integral part of the client's business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.

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