Sustainable Tourism Market by Type and Geography - Forecast and Analysis 2021-2025

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR44949
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The sustainable tourism market share is expected to increase by USD 235.21 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 9.72%.

This sustainable tourism market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by type (domestic and international) and geography (Europe, North America, APAC, South America, and MEA). The sustainable tourism market report also offers information on several market vendors, including Adventure Alternative Ltd., And Beyond Holdings (Proprietary) Ltd., BOUTECO Ltd., G Adventures, Intrepid Group, Kind Traveler PBC, Mojosurf, Responsible Travel, Wild Frontiers Adventure Travel Ltd., and Wilderness Safaris among others.

What will the Sustainable Tourism Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Sustainable Tourism Market Size for the Forecast Period and Other Important Statistics

 

Sustainable Tourism Market: Key Drivers and Trends

The shifting preference toward local and authentic experiences is notably driving the sustainable tourism market growth, although factors such as the inability of developing countries to implement sustainable tourism policies may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the sustainable tourism industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Sustainable Tourism Market Driver

The shifting preference toward local and authentic experiences will be one of the major factors driving sustainable tourism market growth during the forecast period. Several tourists are preferring to buy local products instead of souvenirs and have dinners at restaurants that use local primary ingredients to prepare their food. Additionally, they are preferring adventure trips in public transport instead of taxis and are choosing local and authentic traveling experiences over traditional traveling. This has encouraged tourism operators to offer tourists these tour packages that help them explore local communities. With the growing awareness about the environmental impacts of tourism, the demand for them will also grow.

Key Sustainable Tourism Market Trend

The popularity of organic sustainable tourism is rising because of the growing awareness about organic food and accommodation that have a low environmental impact. The rising popularity of sustainability practices is driving the demand for them globally, especially from European tourists. Although it is a niche market, tourism operators can gain a competitive edge over other market players by providing organic options with respect to food, drinks, and accommodation. The rising popularity of this type of tourism will be one of the key sustainable tourism market trends.

This sustainable tourism market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Sustainable Tourism Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Adventure Alternative Ltd.
  • And Beyond Holdings (Proprietary) Ltd.
  • BOUTECO Ltd.
  • G Adventures
  • Intrepid Group
  • Kind Traveler PBC
  • Mojosurf
  • Responsible Travel
  • Wild Frontiers Adventure Travel Ltd.
  • Wilderness Safaris

 

This statistical study of the sustainable tourism market encompasses successful business strategies deployed by the key vendors. The sustainable tourism market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The sustainable tourism market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Sustainable Tourism Market?

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51% of the market’s growth will originate from Europe during the forecast period. France, Germany, and the UK are the key markets for sustainable tourism in Europe. Market growth in this region will be faster than the growth of the market in North America.

This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Type Segments in the Sustainable Tourism Market?

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The sustainable tourism market share growth by the domestic segment will be significant during the forecast period. The segment is expected to continue to lead the market during the forecast period due to advantages such as tourists’ familiarity with a country’s sustainable tourism policies and rules. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the sustainable tourism market size and actionable market insights on post COVID-19 impact on each segment.

 

Sustainable Tourism Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 9.72%

Market growth 2021-2025

$ 235.21 billion

Market structure

Fragmented

YoY growth (%)

6.21

Regional analysis

Europe, North America, APAC, South America, and MEA

Performing market contribution

Europe at 51%

Key consumer countries

France, Germany, US, UK, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Adventure Alternative Ltd., And Beyond Holdings (Proprietary) Ltd., BOUTECO Ltd., G Adventures, Intrepid Group, Kind Traveler PBC, Mojosurf, Responsible Travel, Wild Frontiers Adventure Travel Ltd., and Wilderness Safaris

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Sustainable Tourism Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive sustainable tourism market growth during the next five years
  • Precise estimation of the sustainable tourism market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the sustainable tourism industry across Europe, North America, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of sustainable tourism market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Type

    • Market segments
    • Comparison by Type
    • Domestic - Market size and forecast 2020-2025
    • International - Market size and forecast 2020-2025
    • Market opportunity by Type

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • Europe - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • APAC - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Adventure Alternative Ltd.
      • And Beyond Holdings (Proprietary) Ltd.
      • BOUTECO Ltd.
      • G Adventures
      • Intrepid Group
      • Kind Traveler PBC
      • Mojosurf
      • Responsible Travel
      • Wild Frontiers Adventure Travel Ltd.
      • Wilderness Safaris

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The sustainable tourism market growth will increase by $235.21 billion during 2020-2025.
      The sustainable tourism market is expected to grow at a CAGR of 9.72% during 2020-2025.
      Technavio has segmented the sustainable tourism market by type (Domestic and International) and geographic (Europe, North America, APAC, South America, and MEA).
      Adventure Alternative Ltd., And Beyond Holdings (Proprietary) Ltd., BOUTECO Ltd., G Adventures, Intrepid Group, Kind Traveler PBC, Mojosurf, Responsible Travel, Wild Frontiers Adventure Travel Ltd., Wilderness Safaris are a few of the key vendors in the sustainable tourism market.
      Europe will register the highest growth rate of 51.01% among the other regions. Therefore, the sustainable tourism market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the sustainable tourism market growth are:
      • Large tourism companies implementing sustainable tourism practices
      The sustainable tourism market vendors should focus on grabbing business opportunities from the domestic segment as it accounted for the largest market share in the base year.
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