Global Ecotourism Market Overview:
Ecotourism can be defined as “responsible travel to natural areas that conserve the environment, sustains the well-being of the local people and involves interpretation and education”. Ecotourism aims to ensure that tourism has a positive impact on the local community including nature and people. The market includes expenditure incurred by travelers to numerous parts of the world. The size of this market has been increasing with increasing awareness about environmental conservation.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Evolving Social Customs and Sustainable Tourism and Firms Are Now Offering Eco-Friendly Solutions to Travel Like EVs
Market Growth Drivers:
Growing Awareness about the Sustainable or Eco-Friendly Travel and Demand for the Academic Research related to Environment Conservation and Local Communities
Challenges:
Higher Cost Compared to Conventional Travelling
Restraints:
Lack of Incentives from Governments Hindering the Ecotourism
Opportunities:
Increasing Importance of Education regarding Ecotourism Alternative to Conventional Travel
Competitive Landscape:
The market is fragmented and does not have any big market leader as such. So, there are barriers to entry, any firm wishing to start an ecotourism business, can do so easily. Firms can expect steep competition from local players.
Some of the key players profiled in the report are Discover Activities (India), GeTS Holidays (India), TREE Exploration (Canada), Gray Line Peru (Peru), True Ecuador Travel (Ecuador), Ethiopia Tour Operators (Ethiopia), Karibu Tours and Travel Co Ltd (Kenya), Black Kite Tour (Ethiopia) and Iberian Escapes (Portugal). Analyst at AMA Research see Global Vendors to retain maximum share of Global Ecotourism market by 2030. Considering Market by Category, the sub-segment i.e. Generic will boost the Ecotourism market. Considering Market by Channels, the sub-segment i.e. Travel Agent will boost the Ecotourism market. Considering Market by End User, the sub-segment i.e. Solo Traveler will boost the Ecotourism market.
Latest Market Insights:
On December 15, 2023, Natural World Safaris, a luxury ecotourism operator, launches a new carbon-neutral glamping experience in Botswana. The Okavango Delta Mobile Camp consists of five luxurious tents powered by solar energy and featuring sustainable amenities.
In Feb 2021, At Great Ocean Road, Australia, a new tourist ecotourism attraction was opened to experience the wildlife of the region and to explore the forest covering it. and In March 2021, The Burren Ecotourism Network, one of the players in the ecotourism industry, celebrated its 10th anniversary. The network has shown growth since its inception and now consists of 70 tourism businesses.
What Can be Explored with the Ecotourism Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Ecotourism Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Ecotourism
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Ecotourism market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Ecotourism market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Existing Firms and Agents, Government Regulatory and Research Organizations, End-Use Industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.