The Ecotourism Global Market Report 2023 by The Business Research Company, provides ecotourism market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-yearforecast period – 2023-2032.
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According to The Business Research Company’s Ecotourism Global Market Report 2023, the market size will grow from $189.88 billion in 2022 to $200.8 billion in 2023 at a compound annual growth rate (CAGR) of 5.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global ecotourism market is expected to grow to $331.62 billion in 2027 at a CAGR of 13.4%.
The growing availability of eco-friendly tourist accommodations is expected to propel the growth of the ecotourism market going forward. The eco-friendly tourist accommodation is environmentally sustainable that follows the practices of green living to ensure non-toxic, safe, and energy-efficient accommodation for tourists. The hotels are adopting ecologically friendly designs and operations such as lowering pollutant emissions, and conserving water and energy, procuring green goods to promote ecotourism.
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The ecotourism market is segmented:
1) By Type: Alternative Tourism, Responsible Tourism, Sustainable Tourism, Community Tourism
2) By Traveler Type: Solo Traveler, Group Traveler
3) By Age Group: Generation X, Generation Y, Generation Z
4) By Sales Channel: Travel Agent, Direct
Strategic partnerships and collaborations have emerged as a key trend gaining popularity in the ecotourism market. Key players operating in the market are focusing on partnerships and collaborations to enhance their position. For instance, In October 2021, Frosch International Travel, a US-based travel agency that provides sustainable tourism services, purchased 51% interest in Conlin Travel’s corporate division. The collaboration aims to give FROSCH a foothold in the Great Lakes region and Conlin Travel access to crucial resources and infrastructure, as well as Frosch’s unique technology solutions for clients. Conlin Travel is a US-based travel agency. Moreover, in January 2020, Intrepid Travel, an Australia-based adventure travel company, partnered with Trip.com Group. Through this partnership, the companies aim to popularize green trips by offering sustainable travel in China. Trip.com Group is a China-based online travel company.
The ecotourism market report table of contents includes:
1. Executive Summary
2. Ecotourism Market Characteristics
3. Ecotourism Market Trends And Strategies
4. Ecotourism Market – Macro Economic Scenario
5. COVID-19 Impact On Ecotourism Market
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26. Africa Ecotourism Market
27. Ecotourism Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Ecotourism Market
29. Ecotourism Market Future Outlook and Potential Analysis
30. Appendix
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