The sustainable tourism market is estimated to be valued at USD 2.61 Bn in 2024, growing at a compound annual growth rate (CAGR) of 18.8% from 2024 to 2031. Sustainable tourism is a growing market with significant potential for further growth in the coming years. It refers to visiting natural areas and supporting local communities in a way that minimizes negative impacts. It offers travelers opportunities to experience cultural and natural heritage in a responsible and low-impact way. By reducing pollution and environmental degradation, supporting social and economic development in destinations, sustainable tourism aims to provide a better life for local people and maintain cultural traditions as well as biodiversity for future generations.
Market Dynamics:
The global sustainable tourism market is driven by increasing awareness about responsible travel, focus on reducing carbon footprint, and growing preference for unique experiences that support local communities and businesses. However, lack of standardization about what constitutes 'sustainable', higher costs for operators, and limited infrastructure in destinations are some challenges. The market sees opportunities in evolving consumer demand for green travel options, diversification of products and services, and government initiatives and private funding to promote eco-friendly practices.
Key Features of the Study:
- This report provides an in-depth analysis of the global sustainable tourism market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
- It profiles key players in the global sustainable tourism market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
- Key companies covered as a part of this study include Wilderness Safaris, Basecamp Explorer AS, Wild Frontiers Adventures Travel, Beyonder Wilderness Safaris, Basecamp Explorer AS, Wild Frontiers Adventures Travel, Beyonder Experiences, Bouteco, Cheeseman’s Ecological Safaris, G Adventures Inc., Gondwana Ecotours, Inkaterra, Intrepid Group Pty Limited, LooLa Adventure Resort, NATIVE TOURS, INC., Natural Habitat Adventures, Responsible Travel, Row Adventures, Sustainable Travel International, Tourism Holdings Limited, Undiscovered Mountains, and Vagabond Tours Limited.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
- The global sustainable tourism market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global sustainable tourism market.
Market Segmentation
- Type:
- Coastal Tourism
- Mountain Tourism
- Island Tourism
- Others
- Traveler Type:
- Solo
- Group
- Family
- Couples
- Age Group:
- Millennial
- Baby Boomers
- Generation X
- Silver hair
- Regional:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Company Profiles:
- Wilderness Safaris
- Basecamp Explorer AS
- Wild Frontiers Adventures Travel
- Beyonder Experiences
- Bouteco
- Cheeseman’s Ecological Safaris
- G Adventures Inc.
- Gondwana Ecotours
- Inkaterra
- Intrepid Group Pty Limited
- LooLa Adventure Resort
- NATIVE TOURS, INC.
- Natural Habitat Adventures
- Responsible Travel
- Row Adventures
- Sustainable Travel International
- Tourism Holdings Limited
- Undiscovered Mountains
- Vagabond Tours Limited
