NEW YORK, Dec. 2, 2022 /PRNewswire/ -- Technavio categorizes the global sustainable tourism market as a part of the hotels, restaurants, and leisure market, the parent market. The hotels, restaurants, and leisure market covers companies engaged in operating hotels, resorts, and cruise ships, including travel agencies, tour operators, and related services. The global sustainable tourism market size is estimated to increase by USD 335.93 billion from 2022 to 2027. The market's growth momentum will accelerate at a CAGR of 9.54%.
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Global sustainable tourism market - Customer landscape
To help companies evaluate and develop growth strategies, the report outlines –
- Key purchase criteria
- Adoption rates
- Adoption lifecycle
- Drivers of price sensitivity
Global sustainable tourism market – Vendor analysis
Vendor Landscape - The global sustainable tourism market is fragmented, with the presence of numerous market players. A few prominent vendors that offer sustainable tourism in the market are Adventure Alternative Ltd., And Beyond Holdings Proprietary Ltd., Aracari Travel, Beyonder Experiences LLP, BOUTECO Ltd., Earth Changers, G Adventures, Global Himalayan Expedition, Intrepid Group, Kind Traveler PBC, and others.
The market players compete based on various factors such as price, government licensing, service portfolio, quality, brand, and safety measures. Companies are also adopting various marketing strategies to increase their market shares. The competition among vendors is expected to increase during the forecast period due to the rise of different types of sustainable tourism services. Tourism organizations are investing in designing, planning, developing, branding, expanding their existing products and service portfolios, and acquiring new players in the market. Technological innovations and creativity also play a significant role in driving the growth of the global sustainable tourism market.
Vendor offerings -
- Adventure Alternative Ltd.: The company offers sustainable tourism, such as wildlife safaris, school expeditions, and trekking.
- And Beyond Holdings Proprietary Ltd.: The company offers sustainable virtual care tourism, namely &BEYOND Connect.
- Aracari Travel: The company offers sustainable tourism with local suppliers, responsible hotels, and indigenous communities.
- BOUTECO Ltd.: The company offers a trustworthy, independent list of sustainable design-led hotels and boutique eco-hotels.
- For details on vendors and their offerings – Buy report!
Global sustainable tourism market - Segmentation assessment
Geography Overview
Based on geography, the global sustainable tourism market is segmented into North America, Europe, APAC, South America, and the Middle East and Africa. The report provides actionable insights and an accurate estimation of the contribution of all regions to the growth of the global sustainable tourism market.
- Europe will account for 38% of the market's growth during the forecast period. The market in the region is dominated by France, Germany, and the UK owing to efforts by their governments to develop different policies for sustainable tourism. These policies include setting up the required targets and guidelines and reducing the consumption of water and energy as well as greenhouse gas emissions.
Segment overview
Based on type, the global sustainable tourism market is segmented into domestic and international.
- The market share growth of the domestic segment will be higher than the other segments during the forecast period. Domestic sustainable tourism refers to tourism within an economic territory of a particular country or region. The growth of this segment is attributed to factors such as the absence of currency exchange issues and the importance of regional economic growth.
Global sustainable tourism market – Market dynamics
- Impactful driver - The implementation of sustainable tourism practices by large tourism companies is driving market growth. Many multinational hotels and tourism companies are increasing efforts to make their supply chains more sustainable. Hence, sustainable tourism initiatives are expected to have a positive impact on the market. Sustainable reporting has become a common practice, which has compelled tourism operators to reduce the environmental impact of their operations. These factors are expected to boost the growth of the market during the forecast period.
- Key trend - The increase in the number of eco-conscious travelers is a key trend in the market. The need to protect the environment and available natural resources is encouraging travelers to opt for sustainable tourism. Organizations such as UNESCO, GSTC, and UNWTO are developing standards and providing guidance to tourism companies. They conduct training programs, create accreditation schemes, organize conferences, and advocate for sustainable tourism policies. Such initiatives are expected to support the growth of the market during the forecast period.
- Major challenge - The lack of proper implementation of sustainable tourism policies by developing countries is challenging market growth. For instance, Indonesia's national tourism law has environmental conservation targets. However, there is a lack of suitable action plans. Similarly, lawmakers in India are increasing awareness about sustainable tourism. However, their policies are yet to get approved. These factors are expected to pose a threat to the growth of the market during the forecast period.
Driver, Trends, and Challenges are the factors of market dynamics, which state about consequences and sustainability of businesses. Find a few insights from a free sample report!
What are the key data covered in this sustainable tourism market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the sustainable tourism market between 2023 and 2027
- Precise estimation of the size of the sustainable tourism market size and its contribution to the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the sustainable tourism market across APAC, North America, Europe, Middle East and Africa, and South America
- Thorough analysis of the market's competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of sustainable tourism market vendors
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Sustainable Tourism Market Scope |
|
Report Coverage |
Details |
Page number |
152 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast Period |
2023 -2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.54% |
Market growth 2023-2027 |
USD 335.93 billion |
Market structure |
Fragmented |
YoY growth (%) |
8.5 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing contribution |
Europe at 38% |
Key countries |
US, Canada, Japan, France, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Adventure Alternative Ltd., And Beyond Holdings Proprietary Ltd., Aracari Travel, Beyonder Experiences LLP, BOUTECO Ltd., Earth Changers, G Adventures, Global Himalayan Expedition, Intrepid Group, Kind Traveler PBC, Kynder, Mojosurf, NATIVE TOURS INC., Responsible Travel, Rickshaw Travel Ltd., Steppes Travel Ltd., The Blue Yonder, Undiscovered Mountains Ltd., Wild Frontiers Adventure Travel Ltd., and Wilderness Safaris |
Market dynamics |
Parent Market Analysis; Market growth inducers and obstacles; Fast-growing and slow-growing segment analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Browse for Technavio's Consumer Discretionary Market Reports
Table Of Contents:
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Channel
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global sustainable tourism market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on Global sustainable tourism market 2017 - 2021 ($ billion)
- 4.2 Type Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ billion)
- 4.3 Channel Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Channel Segment 2017 - 2021 ($ billion)
- 4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
- 4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Type
- 6.1 Market segments
- Exhibit 30: Chart on Type - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Type - Market share 2022-2027 (%)
- 6.2 Comparison by Type
- Exhibit 32: Chart on Comparison by Type
- Exhibit 33: Data Table on Comparison by Type
- 6.3 Domestic - Market size and forecast 2022-2027
- Exhibit 34: Chart on Domestic - Market size and forecast 2022-2027 ($ billion)
- Exhibit 35: Data Table on Domestic - Market size and forecast 2022-2027 ($ billion)
- Exhibit 36: Chart on Domestic - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Domestic - Year-over-year growth 2022-2027 (%)
- 6.4 International - Market size and forecast 2022-2027
- Exhibit 38: Chart on International - Market size and forecast 2022-2027 ($ billion)
- Exhibit 39: Data Table on International - Market size and forecast 2022-2027 ($ billion)
- Exhibit 40: Chart on International - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on International - Year-over-year growth 2022-2027 (%)
- 6.5 Market opportunity by Type
- Exhibit 42: Market opportunity by Type ($ billion)
7 Market Segmentation by Channel
- 7.1 Market segments
- Exhibit 43: Chart on Channel - Market share 2022-2027 (%)
- Exhibit 44: Data Table on Channel - Market share 2022-2027 (%)
- 7.2 Comparison by Channel
- Exhibit 45: Chart on Comparison by Channel
- Exhibit 46: Data Table on Comparison by Channel
- 7.3 Phone booking - Market size and forecast 2022-2027
- Exhibit 47: Chart on Phone booking - Market size and forecast 2022-2027 ($ billion)
- Exhibit 48: Data Table on Phone booking - Market size and forecast 2022-2027 ($ billion)
- Exhibit 49: Chart on Phone booking - Year-over-year growth 2022-2027 (%)
- Exhibit 50: Data Table on Phone booking - Year-over-year growth 2022-2027 (%)
- 7.4 Online booking - Market size and forecast 2022-2027
- Exhibit 51: Chart on Online booking - Market size and forecast 2022-2027 ($ billion)
- Exhibit 52: Data Table on Online booking - Market size and forecast 2022-2027 ($ billion)
- Exhibit 53: Chart on Online booking - Year-over-year growth 2022-2027 (%)
- Exhibit 54: Data Table on Online booking - Year-over-year growth 2022-2027 (%)
- 7.5 In-person booking - Market size and forecast 2022-2027
- Exhibit 55: Chart on In-person booking - Market size and forecast 2022-2027 ($ billion)
- Exhibit 56: Data Table on In-person booking - Market size and forecast 2022-2027 ($ billion)
- Exhibit 57: Chart on In-person booking - Year-over-year growth 2022-2027 (%)
- Exhibit 58: Data Table on In-person booking - Year-over-year growth 2022-2027 (%)
- 7.6 Market opportunity by Channel
- Exhibit 59: Market opportunity by Channel ($ billion)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 61: Chart on Market share by geography 2022-2027 (%)
- Exhibit 62: Data Table on Market share by geography 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 63: Chart on Geographic comparison
- Exhibit 64: Data Table on Geographic comparison
- 9.3 Europe - Market size and forecast 2022-2027
- Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
- Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
- Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)
- 9.4 North America - Market size and forecast 2022-2027
- Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)
- 9.5 APAC - Market size and forecast 2022-2027
- Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
- Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
- Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)
- 9.6 South America - Market size and forecast 2022-2027
- Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)
- 9.7 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
- Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
- Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- 9.8 US - Market size and forecast 2022-2027
- Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ billion)
- Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ billion)
- Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)
- 9.9 France - Market size and forecast 2022-2027
- Exhibit 89: Chart on France - Market size and forecast 2022-2027 ($ billion)
- Exhibit 90: Data Table on France - Market size and forecast 2022-2027 ($ billion)
- Exhibit 91: Chart on France - Year-over-year growth 2022-2027 (%)
- Exhibit 92: Data Table on France - Year-over-year growth 2022-2027 (%)
- 9.10 Japan - Market size and forecast 2022-2027
- Exhibit 93: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
- Exhibit 94: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
- Exhibit 95: Chart on Japan - Year-over-year growth 2022-2027 (%)
- Exhibit 96: Data Table on Japan - Year-over-year growth 2022-2027 (%)
- 9.11 Germany - Market size and forecast 2022-2027
- Exhibit 97: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
- Exhibit 98: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
- Exhibit 99: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 100: Data Table on Germany - Year-over-year growth 2022-2027 (%)
- 9.12 Canada - Market size and forecast 2022-2027
- Exhibit 101: Chart on Canada - Market size and forecast 2022-2027 ($ billion)
- Exhibit 102: Data Table on Canada - Market size and forecast 2022-2027 ($ billion)
- Exhibit 103: Chart on Canada - Year-over-year growth 2022-2027 (%)
- Exhibit 104: Data Table on Canada - Year-over-year growth 2022-2027 (%)
- 9.13 Market opportunity by geography
- Exhibit 105: Market opportunity by geography ($ billion)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 106: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 107: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 108: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 109: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 110: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 111: Matrix on vendor position and classification
- 12.3 Adventure Alternative Ltd.
- Exhibit 112: Adventure Alternative Ltd. - Overview
- Exhibit 113: Adventure Alternative Ltd. - Product / Service
- Exhibit 114: Adventure Alternative Ltd. - Key offerings
- 12.4 And Beyond Holdings Proprietary Ltd.
- Exhibit 115: And Beyond Holdings Proprietary Ltd. - Overview
- Exhibit 116: And Beyond Holdings Proprietary Ltd. - Product / Service
- Exhibit 117: And Beyond Holdings Proprietary Ltd. - Key offerings
- 12.5 Aracari Travel
- Exhibit 118: Aracari Travel - Overview
- Exhibit 119: Aracari Travel - Product / Service
- Exhibit 120: Aracari Travel - Key offerings
- 12.6 BOUTECO Ltd.
- Exhibit 121: BOUTECO Ltd. - Overview
- Exhibit 122: BOUTECO Ltd. - Product / Service
- Exhibit 123: BOUTECO Ltd. - Key offerings
- 12.7 G Adventures
- Exhibit 124: G Adventures - Overview
- Exhibit 125: G Adventures - Product / Service
- Exhibit 126: G Adventures - Key offerings
- 12.8 Intrepid Group
- Exhibit 127: Intrepid Group - Overview
- Exhibit 128: Intrepid Group - Product / Service
- Exhibit 129: Intrepid Group - Key offerings
- 12.9 Kind Traveler PBC
- Exhibit 130: Kind Traveler PBC - Overview
- Exhibit 131: Kind Traveler PBC - Product / Service
- Exhibit 132: Kind Traveler PBC - Key offerings
- 12.10 Kynder
- Exhibit 133: Kynder - Overview
- Exhibit 134: Kynder - Product / Service
- Exhibit 135: Kynder - Key offerings
- 12.11 Mojosurf
- Exhibit 136: Mojosurf - Overview
- Exhibit 137: Mojosurf - Product / Service
- Exhibit 138: Mojosurf - Key offerings
- 12.12 Responsible Travel
- Exhibit 139: Responsible Travel - Overview
- Exhibit 140: Responsible Travel - Product / Service
- Exhibit 141: Responsible Travel - Key offerings
- 12.13 Rickshaw Travel Ltd.
- Exhibit 142: Rickshaw Travel Ltd. - Overview
- Exhibit 143: Rickshaw Travel Ltd. - Product / Service
- Exhibit 144: Rickshaw Travel Ltd. - Key offerings
- 12.14 Steppes Travel Ltd.
- Exhibit 145: Steppes Travel Ltd. - Overview
- Exhibit 146: Steppes Travel Ltd. - Product / Service
- Exhibit 147: Steppes Travel Ltd. - Key offerings
- 12.15 Undiscovered Mountains Ltd.
- Exhibit 148: Undiscovered Mountains Ltd. - Overview
- Exhibit 149: Undiscovered Mountains Ltd. - Product / Service
- Exhibit 150: Undiscovered Mountains Ltd. - Key offerings
- 12.16 Wild Frontiers Adventure Travel Ltd.
- Exhibit 151: Wild Frontiers Adventure Travel Ltd. - Overview
- Exhibit 152: Wild Frontiers Adventure Travel Ltd. - Product / Service
- Exhibit 153: Wild Frontiers Adventure Travel Ltd. - Key offerings
- 12.17 Wilderness Safaris
- Exhibit 154: Wilderness Safaris - Overview
- Exhibit 155: Wilderness Safaris - Product / Service
- Exhibit 156: Wilderness Safaris - Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 157: Inclusions checklist
- Exhibit 158: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 159: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 160: Research methodology
- Exhibit 161: Validation techniques employed for market sizing
- Exhibit 162: Information sources
- 13.5 List of abbreviations
- Exhibit 163: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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