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Top Market Shifts Transforming the Geotourism Market Landscape: Key Insights
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Is the Expected CAGR for the Geotourism Market Through 2025?
In recent years, the geotourism market has experienced robust growth. The market size is projected to increase from $709.34 billion in 2024 to $751.45 billion in 2025, at a compound annual growth rate (CAGR) of 5.9%. This surge during the historical period can be linked to a rise in the appeal of nature-based and unconventional travel destinations, an increased presence of green lodging options, growth in global travel and tourism markets, the emerging trend of digital nomadism and remote work, and the impact of social media and travel influencers.
What's the Projected Size of the Global Geotourism Market by 2029?
The geotourism industry is predicted to experience substantial expansion in the coming years, reaching a market size of $948.11 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 6.0%. This surge over the forecast period could be linked to the growing consciousness about environmental preservation, an upswing in green travel options, a burgeoning interest in sustainable and responsible tourism, and the rise in leisure activities like adventure travel. Also contributing to the growth are increases in disposable income and consumer expenditure on trips. Primary trends anticipated for this period encompass novel geotourism spots development, tech enhancement in travel and lodging portals, aggressive marketing strategies and promotion for geotourism locations, collaboration efforts between tour operators and local societies, and improvements in transport facilities to remote sites.
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Top Growth Drivers in the Geotourism Industry: What's Accelerating the Market?
The geotourism market's expansion is expected to be fuelled by a rising volume of international tourists. These are individuals who make trips abroad for various reasons such as leisure or business, and through their expenditure on assorted services and attractions, significantly impact foreign economies. The surge in international tourism is attributed to factors such as better travel accessibility, enhanced global connectivity, as well as an intensified interest in cultural encounters and exploration. Geotourism appeals to these globetrotters owing to its ability to offer immersive experiences that emphasize distinctive geological features, local cultures, and environmentally friendly travel norms. For instance, the Office for National Statistics, a UK organization, in their May 2023 report, revealed that 2022 saw 31.2 million visits in the UK, marking an increase of 24.9 million visits compared to 2021. Moreover, there was an upward trend in international trips taken by UK residents, with numbers escalating from 51.8 million in 2021 to 71.0 million in 2022. Consequently, the influx of global tourists is a primary driver for the thriving geotourism market.
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Which Fast-Growing Trends Are Poised to Disrupt the Geotourism Market?
Leading corporations in the geotourism market are innovating technologically superior products like geolocation products to elevate the tourism experience through personalized and interactive tours. A geolocation product refers to a technology or service that accurately identifies and utilizes a device's or user's exact geographical location to offer location-based information and services. For instance, OpenBet, a software firm based in the UK, introduced the OpenBet Locator in May 2024. Built on the robust foundation of Amazon Web Services (AWS), OpenBet's essential cloud provider, the OpenBet Locator is a low latency geolocation product formulated to allow operators around the globe to pinpoint, advertise to, and supervise customers while adhering to all regulatory standards. Its primary features comprise wholly adaptable geo-fence management, superior precision location tracking, real-time VPN, and location spoofing detection to prevent fraud, targeting players for CRM, data assessment, and in-venue promotions, a solution supporting a roaming wallet that is multi-tenanted, and accessible, adaptable configuration choices to simplify business tasks workflows.
What Are the Main Segments in the Geotourism Market?
The geotourism market covered in this report is segmented -
1) By Tour Type: Individual Travel, Professional Groups, Group Travels
2) By Tourism Type: Sustainable Tourism, Urban Geo-Tourism, Rural Geo-Tourism, Natural Tourism, Eco Geo-Tourism, Other Tourism Types
3) By Booking Channel: Phone Booking, Online Booking, In-Person Booking
4) By Direct Suppliers: Airlines, Hotel Companies, Car Rental, Train, Tour Operators, Government Bodies
5) By Application: Below 30 Years, 30-40 Years, 40-50 Years, Above 50 Years
Subsegments:
1) By Individual Travel: Solo Geotourism Adventures, Custom Or Personalized Geotourism Packages, Eco-Tourism For Solo Travelers, Geotourism For Cultural And Nature Exploration
2) By Professional Groups: Educational And Research-Based Geotours, Geotourism For Geology And Environmental Professionals, Corporate Team-Building Geotours, Professional Development Geotourism
3) By Group Travels: Guided Geotourism Group Tours, Nature And Adventure Geotours For Groups, Geotourism For Educational Institutions Or Clubs, Eco-Friendly Group Geotourism Expeditions
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Which Top Companies are Driving Growth in the Geotourism Market?
Major companies operating in the geotourism market are TUI AG, China CYTS Tours Holding Co. Ltd., Abercrombie & Kent Group, Intrepid Travel Pty Ltd., Backroads Inc., Mountain Travel Sobek, Natural Habitat Adventures, G Adventures Inc., Omega World Travel Inc., Butterfield & Robinson, World Expeditions, AAA Travel, Exodus Travels, JTB Americas Group, GeoEx Ltd., Adventure Life, Zegrahm Expeditions Inc., Naturetrek Ltd., National Geographic Expeditions, EcoTours International LLC, InnerAsia Travels, All Star Travel Group, Boundless Journeys Inc., AdventureSmith Explorations Inc., Wild Frontiers Ltd.
Which Regions Will Dominate the Geotourism Market Through 2029?
Asia-Pacific was the largest region in the geotourism market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the geotourism market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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