The Sustainable Tourism Market involves tourism activities that benefit local communities, protect natural and cultural heritage, minimize waste and pollution while maximizing economic and socio-cultural benefits for local communities. It is a form of tourism where both hosts and guests take active roles in minimizing negative impacts of tourism on the environment. Some key aspects of sustainable tourism include utilizing local and renewable resources, preserving sensitive environments, and producing less waste and pollution. The sustainable tourism model makes optimal use of environmental resources while maintaining cultural integrity of destination communities.
The Global Sustainable Tourism Market is estimated to be valued at US$ 2.61 Bn in 2024 and is expected to exhibit a CAGR of 18% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the Sustainable Tourism market are 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. These players are focusing on expanding their service offerings and global footprint to tap the growth opportunities.
The demand for Sustainable Tourism Market Share is growing globally due to increasing awareness about environmental protections. Consumers are more concerned about minimizing the negative impacts of tourism and opting for eco-friendly travel options. Tourists are willing to pay more for vacations that are sustainable and benefit local communities.
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