Ecotourism Market was valued at US$ 225.1 Bn. in 2021 and is estimated to reach a value of US$ 664.99 Bn. in 2029. The Global Ecotourism Market size is estimated to grow at a CAGR of 14.5% over the forecast period.
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Ecotourism Market Report Scope and Research Methodology
The Ecotourism Market report includes the comprehensive analysis of the industry in a simple language. A detailed analysis of Ecotourism Market dynamics has been included in the report. The past, present and the expected trends in the forecast period has also been provided in the report. For understanding the global factors affecting the industry, the report presents drivers, challenges, restraints and opportunities prevailing in the Ecotourism market. Detailed analysis of external & internal factors impacting the market is covered through PESTEL & PORTER analysis.
Dedicated study of the rivalry in the industry is covered, which includes market leaders, followers, and new entrants. Extensive primary research was conducted to acquire information and verify and confirm the crucial numbers arrived at after comprehensive Ecotourism market engineering and calculations for market statistics; market size estimations, market forecasts, market breakdown and data triangulation. The secondary data was collected from the company’s annual reports, articles, paid and free databases, etc. To estimate the regional and global Ecotourism market size, the bottom-up approach was used.
Ecotourism Market Overview
The industry overview gives thorough details about the size of the market all the market dynamics including strategies, market revenue, pricing analysis, micro and macro market trends and scenarios & Industry benchmarks. Region wise market opportunities & barriers are also studied in detail.
Market Segmentation
The ecotourism market is divided into solo and group segments based on the type of traveller.
Group travel is a factor in this market’s expansion because more than 50% of the world’s population always travels in groups of two or more. The industry is constantly expanding since the cultures and histories of every nation constantly describe the attitudes of people who travel, which begins with finding groups for their exploration of locations for ecotourism. Many nations are making larger contributions to the group travel. For instance, the market for group travel has grown by 10% to 15% year, which presents an opportunity for the major players to set up certain packages for groups for ecotourism vacations.
On the other hand, the sector of travellers who travel alone is expanding as a result of the market’s leading trend. From 2021 to 2022, there will be a considerable 5–15% increase in solo travel, which motivates travel agencies and organisations to offer services for both solitary travellers and groups.
Generation Y currently holds the largest market share in this market due to the fact that they invest more than 15% to 20% of their per capita income in the exploration of eco-destinations. These generations are also known for being innovative and vivacious when it comes to working and taking trips like these.
The Ecotourism Market is divided into Direct and Travel Agents based on Sales Channel.
This segment is constantly expanding, but there is an opportunity for the players in the market. Direct travellers currently hold a dominant position because everyone has access to modern technology, they try to save money by exploring more by searching in that location only according to their requirements, and visitors do not have to be constrained by having only one option for themselves.
Market Key Players
• Adventure Alternative Ltd
• Arcari Travel
• Frosch International Travel, Inc.
• G.Adventure
• Intrepid Group Limited
• Small World Journeys Pty Ltd
• Rickshaw Travel Group
• Steppes Travel Group
• Travel Leader Group, LLC
• Undiscovered Mountains Ltd
Ecotourism Market Regional Insights
The regional analytics cover North America, South America, Asia Pacific, Europe & Middle East and Africa. The report includes a detailed explanation of market size, market drivers, barriers, CAGR, and import and export in all the regions.
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Key questions answered in the Ecotourism Market are:
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