About Geotourism
Geotourism is associated with geological attractions and destinations which include islands, volcanoes, adventure, and other natural and historical places. The main purpose of geotourism is to increase environmental awareness and protect resources through conservation.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.0% |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Geotourism market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
GeoWorld Travel (United Kingdom), JTB Americas Group (United States), Natural Habitat Adventures (United States) and Omega World Travel (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Geotourism market by Type (Domestic and International) and Region.
On the basis of geography, the market of Geotourism has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sector, the sub-segment i.e. Urban will boost the Geotourism market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Age Group, the sub-segment i.e. Below 30 Years will boost the Geotourism market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emerging Trend of Adventure Sectors in Youth
Market Growth Drivers:
Increasing Initiatives to Promote Geotourism Sectors with The Help of Digital Devices and Increasing Disposable Income and Preference for Geotourism to Gain Knowledge and Skills
Restraints:
The Impact of Covid-19 Outbreak on Tourism and Travel Industry Can Restraint the Geotourism Market
Market Leaders and their expansionary development strategies
On August 9, 2023, Intrepid Travel, a global adventure travel company, announced a strategic partnership with WildChina, a leading travel company specializing in China. The partnership will allow Intrepid Travel to offer more tours and experiences in China, while WildChina will gain access to Intrepid Travel's global network of travelers.
On October 25, 2023, National Geographic Expeditions launched a new line of "Ultimate Journeys" tours, which are designed for travelers who want to experience the world in a more immersive way. The tours include activities such as wildlife viewing, cultural immersion, and hands-on conservation work.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Geotourism Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.