SUSTAINABLE TOURISM MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In November 2023, NEOM and Our Habitas announced the launch of three new hotels in Leyja, Saudi Arabia, with a focus on eco-tourism. The hotels will be located in a natural wadi oasis between 400-meter-tall mountains, and will offer 120 suites with 40 keys each.
• In November 2023, Visit Keweenaw, the tourism authority for the Keweenaw Peninsula, launched its Sustainable Tourism Series. The series aims to raise awareness about light pollution prevention science and the region's black sky for upcoming generations.
• In October 2023, the Tourism Global Center (STGC) of Saudi Arabia established a new worldwide research center to provide improved techniques to support the travel and tourism industry and accelerate its shift to climate neutrality
• In June 2022, the Indian Ministry of Tourism hosted a national summit to promote more sustainable and ethical travel destinations

*Definition:The sustainable tourism market caters to travelers who are looking to explore destinations in an environment-friendly and socially responsible way. This growing market offers opportunities for tourism businesses to provide services like ecotourism, rural tourism, and community-based tourism and more while minimizing negative impacts and supporting local communities. Sustainable tourism aims to educate visitors about environmental and social issues through experiences that also benefit the environment, local culture, and economy in the long run.