Ecotourism Global Market Report 2023

“Ecotourism Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on ecotourism market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
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• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for ecotourism? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The ecotourism market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

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

Companies Mentioned: Aracari Travel; Undiscovered Mountains; Intrepid Group; Rickshaw Travel; Small World Journeys

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery Format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the ecotourism market are: Aracari Travel, Undiscovered Mountains, Intrepid Group, Rickshaw Travel, Small World Journeys, Adventure Alternative Ltd., G Adventures, SteppesTravel, Booking Holdings Inc., Travel Leaders, JTB Corporation, AndBeyond, BCD Travel, Goway Travel, BCD Travel, Goway Travel, Conservation Capital, Natural Discovery, National Geographic Expedition, and Baobab Travel.

The global ecotourism market grew 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 ecotourism market is expected to grow to $331.62 billion in 2027 at a CAGR of 13.4%.

The ecotourism market consists of revenues earned by entities by providing eco-logging, agro-tourism and community development. Values in this market are: 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included.

Ecotourism refer to the responsible travel to natural places which conserves the environment, supports the well-being of local people, and includes interpretation and education. Ecotourism aids in the preservation of environmentally vulnerable areas and raises awareness of local environmental and social issues. It can enhance local livelihoods by utilizing the diverse spectrum of natural and cultural ecosystem services offered by mangroves.

North America was the largest region in the ecotourism market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ecotourism market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main types of ecotourism are alternative tourism, responsible tourism, sustainable tourism, and community tourism. Sustainable tourism refers to sustainable practices by the tourism industry that aims to reduce the negative impacts and maximize the positive ones to the environment. The different traveler types include solo travelers and group travelers and involve various age groups such as generation X, generation Y, and generation Z. It is distributed through several channels, including travel agents and direct.

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. For instance, in October 2020, Hotelbeds, a Spain-based travel technology company, launched The Green Hotels Programme to bring a green economy and accelerate the travel industry towards sustainability. With this initiative, Hotelbeds became a member of the Global Sustainable Tourism Council, the global authority that sets standards for sustainable tourism. Therefore, the growing availability of eco-friendly tourist accommodation is promoting the ecotourism market.

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.

In April 2021, Frosch International Travel, a US-based travel agency, acquired Valerie Wilson Travel (VWT) for an undisclosed amount. Through this acquisition, together, the companies aim to reshape the full-service travel management landscape and expand their footprint in New York City and the tri-state area, as well as their global footprint, to become a leader in the premium travel space by bringing innovative technology. Valerie Wilson Travel is a US-based travel company that provides sustainable and eco-friendly tourism services.

The countries covered in the ecotourism market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The ecotourism market research report is one of a series of new reports from The Business Research Company that provides ecotourism market statistics, including ecotourism industry global market size, regional shares, competitors with an ecotourism market share, detailed ecotourism market segments, market trends and opportunities, and any further data you may need to thrive in the ecotourism industry. This ecotourism market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.