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Ethno Tourism Community Based Eco Tourism Market on Track for Strong Growth, Estimated to Grow at 19.6% CAGR Through 2029
Ethno Tourism Community Based Eco Tourism
What Is the Expected CAGR for the Ethno Tourism Community Based Eco Tourism Market Through 2025?
The market size for community-based eco-tourism within the ethno-tourism segment has seen significant growth in recent years. The sector, valued at $11.24 billion in 2024, is projected to escalate to $13.49 billion in 2025, boasting a compound annual growth rate (CAGR) of 20.0%. The historical progression in this marketplace can be attributed to factors like a heightened global curiosity in cultural heritage, increased consciousness towards environmental concerns, a burgeoning demand for genuine travel encounters, the proliferation of eco-friendly lodging options, and the advent of responsible travel.
What's the Projected Size of the Global Ethno Tourism Community Based Eco Tourism Market by 2029?
The market size of community-based ethno tourism and eco-tourism is projected to experience significant growth in the forthcoming years, escalating to a value of $27.62 billion by 2029, with a compound annual growth rate (CAGR) of 19.6%. Factors contributing to this uptick include heightened recognition for ecological sustainability amongst consumers, intensified efforts for community empowerment, advancements in eco-tourism technology, an increased worldwide acknowledgement of the rights of indigenous people, and the ongoing surge of customised travel experiences. Anticipated trends for the forecast period encompass growth of specialized eco-tourism destinations, alliances between tourism providers and native communities, an amplified demand for health-centric and restorative travel, reinforced emphasis on preserving cultural authenticity and heritage, and the evolution of technologies promoting minimal environmental impact.
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Top Growth Drivers in the Ethno Tourism Community Based Eco Tourism Industry: What's Accelerating the Market?
The expected growth in the tourism industry is anticipated to bolster the rise of the ethno tourism community-based eco-tourism market. The tourism industry encompasses businesses and services that aid travel and recreation, with the goal of providing unforgettable experiences and monetary benefits. The growth in this industry is perceived in light of economic scenario and the prevailing cultural and social trends, which not only shape tourists' preferences but also influence the accomplishment of tourism plans. The thriving tourism sector is expected to stimulate the ethno tourism and community-based eco-tourism market by escalating the demand for original, authentic travel experiences that underscore sustainability and cultural immersion. For instance, a report by the United Nations World Tourism Organization, based in Spain, revealed that in May 2023, international tourist arrivals witnessed a substantial uptick, reaching 80% of the levels before the pandemic with approximately 235 million travelers, a figure more than double the same time in 2022. Hence, the flourishing tourism industry plays a critical role in powering the ethno tourism community-based eco-tourism market's growth.
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What Trends Will Shape the Ethno Tourism Community Based Eco Tourism Market Through 2029 and Beyond?
Prominent enterprises in the realm of ethno tourism community-based eco-tourism are developing tours grounded in ethics to afford travellers the chance to discover locations in a responsible way. These tours seek to foster responsible and sustainable tourism activities, prioritizing local community welfare, the safeguarding of culture, and environmental conservation. For instance, Rabbie's Tours, a UK-based tour company, collaborated with VisitScotland, a UK-based national tourist board, in July 2022, to initiate two trips that emphasize sustainability and responsibility. A striking aspect of these tours is their dedication to offering travel experiences that are responsible and sustainable. The five-day trip covering Orkney & Scotland's Northern Coast encourages interaction with local individuals who are committed to conserving Scotland's cultural heritage, and includes visits to famous locations like Glencoe and Rannoch Moor, Loch Ness, Skara Brae and Ring of Brodgar, Culloden, and John o'Groats.
What Are the Main Segments in the Ethno Tourism Community Based Eco Tourism Market?
The ethno tourism community based eco tourismmarket covered in this report is segmented -
1) By Type: Domestic Ethno Tourism, International Ethno Tourism
2) By Accommodation: Farm Stays, Cottage Rentals, Eco-Lodges, Homestays
3) By Demographic: Male, Female, Kids
4) By Age Group: Below 15 Years, 16 To 25 Years, 26 To 35 Years, 36 To 45 Years, 46 To 55 Years, Above 55 Years
5) By Application: Solo Travelers, Couples, Families, Other Applications
Subsegments:
1) By Domestic Ethno Tourism: Cultural Immersion And Heritage Tours, Indigenous Community Experiences, Traditional Craft Workshops And Artisanal Tours, Eco-Friendly Village Stays And Homestays, Festivals And Local Celebrations Participation, Traditional Food And Culinary Experiences, Nature And Wildlife Tours In Indigenous Territories, Rural And Tribal Community Experiences.
2) By International Ethno Tourism: Cultural Exchange Programs With Indigenous Communities, Indigenous Art And Craft Tours In Foreign Destinations, International Village Stays And Homestays, Expeditionary Travel To Remote Indigenous Areas, World Heritage Sites And Cultural Preservation Tours, Cross-Cultural Immersion Programs, Global Eco-Tourism Events And Festivals, Sustainable Tourism Practices In International Indigenous Communities
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Which Top Companies are Driving Growth in the Ethno Tourism Community Based Eco Tourism Market?
Major companies operating in the ethno tourism community based eco-tourism market are Marriott International Inc., Booking Holdings, Expedia Group Inc., Hilton Worldwide Holdings, Airbnb Inc., InterContinental Hotels Group (IHG), Accor SA, Trip, American Express Global Business Travel, Blue Yonder Inc., G Adventures, Natural Habitat Adventures, TourRadar GmbH, Intrepid Group Limited, Indiahikes, Mountain Travel Sobek Co., Rainforest Expeditions Lodges, Spring Valley Farms LLP, Responsible Travel, Elevate Destinations, Grassroutes Journeys Pvt Ltd., NotOnMap, Sumak Sustainable Travel Ltd., Sacred Earth Journeys Ltd., Wildland Adventures
Which Regions Will Dominate the Ethno Tourism Community Based Eco Tourism Market Through 2029?
Asia-Pacific was the largest region in the ethno tourism community based eco-tourism market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the ethno tourism community based eco-tourism market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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