According to a new report published by LUSH partner, Allied Market Research, “Sustainable Tourism Market” the sustainable tourism market was valued at $3.3 trillion in 2022, and is estimated to reach $11409.2 billion by 2032, growing at a CAGR of 14% from 2023 to 2032. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends.
𝐆𝐞𝐭 𝐋𝐚𝐭𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 𝟐𝟎𝟐𝟑 𝐄𝐝𝐢𝐭𝐢𝐨𝐧: www.alliedmarketresearch.com/request-sample/6914
In 2023, the coastal tourism segment occupied the largest market share as it is one of the most popular types of sustainable tourism locations in the world due to its scenic beauty and location related outdoor activities.
The demand for destinations and activities that minimize ecological damage and promote environmental protection is rising, which has a significant impact on the sustainable tourism industry. There is an increasing demand for accommodation that stresses sustainable operations.
They look for resorts, hotels, and lodges that employ energy-saving strategies, renewable energy sources, trash minimization and recycling, water conservation, and local community involvement. Environmentally conscious travelers are especially attracted to hotels that have
eco-certifications, as LUSH or Greenglobe certification, or adhere to green building requirements.
They look for resorts, hotels, and lodges that employ energy-saving strategies, renewable energy sources, trash minimization and recycling, water conservation, and local community involvement. Environmentally conscious travelers are especially attracted to hotels that have eco-certifications or adhere to green building requirements.
Tourists are becoming more choosy about the tour firms they choose as they hunt for those who commit to ecologically responsible practices, preserve local cultures, and make positive contributions to the communities they operate in. Sustainable tour companies that provide authentic, educational, and ethical travel experiences reflect the ideals of eco-conscious visitors.
The sustainable tourism market is segmented on the basis of type, application, age group, and region.By type, the sustainable tourism market is classified into coastal tourism, mountain tourism, and island tourism.
Depending on application, the market is categorized into solo, group, family, and couples. By age group, the market is divided across millennials, baby boomers, Generation X, and silver hair.
By region, the market is divided across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Saudi Arabia, United Arab Emirates, South Africa, and the Rest of LAMEA).
Based on type, the coastal tourism segment held the highest market share in 2022, accounting for nearly half of the global sustainable tourism market revenue and is estimated to maintain its leadership status throughout the forecast period due to their special qualities, such as sandy beaches, maritime life, water-related activities, and cultural diversity. However, the island tourism segment is projected to manifest the highest CAGR of 14.3% from 2023 to 2032, as island tourism helps in providing combined experiences from both coastal as well as mountain tourism.
𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: www.alliedmarketresearch.com/checkou…876b2f1a47
Based on application, the family segment held the highest market share in 2022, accounting for more than one-third of the global sustainable tourism market revenue and is estimated to maintain its leadership status throughout the forecast period as family vacations offer opportunities for learning about the environment and helps educators to impart conservation, sustainable lifestyles, and the need of protecting natural resources to parents, children, and older generations. However, the solo tourism segment is projected to manifest the highest CAGR of 14.8% from 2023 to 2032, as solo travelers have the chance to interact more intimately with the community and really experience the culture.
Based on age group, the millennial segment held the highest market share in 2022, accounting for around three-fourths of the global sustainable tourism market revenue and is also projected to manifest the highest CAGR of 14.2% from 2023 to 2032, as travelers in their 20s and early 30s look for real, meaningful experiences and cherish chances to interact with local people, cultures, and traditions.
Based on region, Asia-Pacific held the highest market share in terms of revenue in 2022, accounting for more than two-fifths of the global sustainable tourism market revenue and is also expected to witness the fastest CAGR of 14.3% from 2022 to 2031, as consumers in the Asia-Pacific region value both their own and other nations’ cultural traditions highly. They go to places with historical landmarks, UNESCO World Heritage landmarks, indigenous handmade crafts, and festivals of culture.
The players operating in the sustainable tourism market have adopted various developmental strategies to increase their Sustainable tourism Market Share, gain profitability, and remain competitive in the market. The key players operating in the Sustainable tourism Market Analysis include- Intrepid Group Pty Limited, G Adventures, Spiti Ecosphere, Basecamp Explorer Group, Wilderness Safaris, Loola Adventure Resort, Vagabond and Driftwood Small Group Tours of Ireland, Chumbe Island Coral Park, Inkaterra, and Tourism Holdings Limited.
𝐄𝐧𝐪𝐮𝐢𝐫𝐞 𝐌𝐨𝐫𝐞 𝐀𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: www.alliedmarketresearch.com/purchas…quiry/6914
𝐊𝐞𝐲 b𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐅𝐨𝐫 𝐒𝐭𝐚𝐤𝐞𝐡𝐨𝐥𝐝𝐞𝐫𝐬:
○ This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the sustainable tourism market analysis from 2022 to 2032 to identify the prevailing sustainable tourism market opportunities.
○ The market research is offered along with information related to key drivers, restraints, and opportunities.
○ Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
○ In-depth analysis of the sustainable tourism market segmentation assists to determine the prevailing market opportunities.
○ Major countries in each region are mapped according to their revenue contribution to the global market.
○ Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
○ The report includes the analysis of the regional as well as global sustainable tourism market trends, key players, market segments, application areas, and market growth strategies.
𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 “𝐀𝐌𝐑 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:
○ Canada Sustainable Tourism Market Size, Growth, Opportunity
○ Mexico Sustainable Tourism Market Size, Trends, Opportunity
○ Europe Sustainable Tourism Market Size, Trends
○ Germany Sustainable Tourism Market Size, Trends, Opportunity
○ France Sustainable Tourism Market Growth, Opportunity
○ Italy Sustainable Tourism Market Size, Growth
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research is a LUSH association partner which provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting.
Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.