Global Sustainable Tourism Market Valued at USD 3.76 Trillion in 2023, Projected to Reach USD 9.41 Trillion by 2030 with a 14% CAGR

Anticipated Growth in Revenue:

The Sustainable Tourism Market size was valued at USD 3.76 Tn. in 2023 and the total Global Sustainable Tourism revenue is expected to grow at a CAGR of 14 % from 2024 to 2030, reaching nearly USD 9.41 Tn. by 2030.

Sustainable Tourism Market Overview:

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."



Over three-quarters of businesses (77%) currently have practices in place to reduce the impact their business has on the environment. Australasian and North American businesses are the most likely to have eco-friendly practices in place, which falls to 73% among European properties, which significantly boost the Sustainable Tourism Market growth. The EU tourism industry generates almost 3, 7% of the EU GDP, with about 1, 8 million enterprises employing around 5% of the total labour force. When related sectors are taken into account, the estimated contribution of tourism to GDP creation is much higher; tourism indirectly generates around 10% of the EU's GDP and provides about 11% of the labour force.

𝐔𝐧𝐥𝐨𝐜𝐤 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐎𝐮𝐫 𝐋𝐚𝐭𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰:https://www.stellarmr.com/report/Sustainable-Tourism-Market/1836

What are Sustainable Tourism Market Dynamics?

Increase in Sustainable Tourism Development to boost Sustainable Tourism Market growth

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.



According to the Stellar Market Research Report, over 80% of global travelers prioritize sustainability, demonstrating a willingness to embrace sustainable travel practices and incentives.

Research indicates a strong preference among consumers for businesses that demonstrate social responsibility, with many willing to pay premium prices for such services. Sustainable tourism initiatives serve as a competitive advantage, distinguishing businesses within the hospitality and hotel management sectors, which is expected to boost Sustainable Tourism Market growth. As societal pressure mounts and demand for sustainable travel rises, businesses that embrace sustainability are likely to enjoy additional benefits, including increased visibility on platforms dedicated to sustainable travel.

𝐍𝐞𝐞𝐝 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐀𝐛𝐨𝐮𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 + 𝐆𝐫𝐚𝐩𝐡𝐬 𝐇𝐞𝐫𝐞:https://www.stellarmr.com/report/req_sample/Sustainable-Tourism-Market/1836

What is Sustainable Tourism Market Regional Insight?

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.

What is Sustainable Tourism Market Segmentation?

By Type

Ecotourism

Community tourism

Geotourism

Culture

Others



By Tourist Type

Independent Traveller

Tour Group

Package Traveller



By Age Group

Millennial

Baby Boomers

Generation X

𝐅𝐑𝐄𝐄 𝐆𝐞𝐭 𝐚 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰!https://www.stellarmr.com/report/req_sample/Sustainable-Tourism-Market/1836

Some of the current players in the Sustainable Tourism Market are:
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
Accor - Paris, France
Wyndham Destinations - Orlando, Florida, USA
American Express Global Business Travel - New York, New York, USA
Delta Air Lines, Inc. - Atlanta, Georgia, USA
Southwest Airlines Co. - Dallas, Texas, USA
Emirates Group - Dubai, United Arab Emirates
Lufthansa Group - Cologne, Germany

Key Offerings:

Past Market Size and Competitive Landscape
Sustainable Tourism Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Sustainable Tourism Market Segmentation - A detailed analysis by Product
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.

This release was published on openPR.