The global sustainable tourism market size is poised to decline by USD 130.12 billion during 2020-2024, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of the Market Impact of COVID-19.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201103005427/en/
Technavio has announced its latest market research report titled Global Sustainable Tourism Market 2020-2024 (Graphic: Business Wire)
The global sustainable tourism industry is driven by the shifting preference toward local and authentic experiences. Many tourists are exploring local communities and are purchasing locally produced products. Tourists have also been observed to prefer public transport to travel and restaurants that use local ingredients. This new form of tourism has become popular and is expected to drive the global sustainable tourism market growth during the forecast period.
Register for a free trial today and gain instant access to 17,000+ market research reports
The major sustainable tourism market growth came from the domestic sustainable tourism segment in 2019. However, the international sustainable tourism is expected to witness the fastest growth during the next five years.
MEA was the largest sustainable tourism market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. This is attributed to the growing awareness and promotion of sustainable tourism.
The global sustainable tourism market is fragmented. And Beyond Holdings (Proprietary) Ltd., Adventure Alternative Ltd., Better Places International BV, BOUTECO Ltd., G Adventures, Intrepid Group, Kind Traveler PBC, Responsible Travel, Wild Frontiers Adventure Travel Ltd., and Wilderness Safaris. are some of the major market participants. To help clients improve their market position, this sustainable tourism market forecast report provides a detailed analysis of the market leaders.
As the business impact of COVID-19 spreads, the sustainable tourism Market 2020-2024 is expected to have Negative and Inferior growth. As the pandemic spreads in some regions and plateaus in other regions, we will revaluate the impact on businesses and update our report forecasts.
Read the full report here: www.technavio.com/report/sustainable-tourism-market-industry-analysis
Rising Popularity of Organic Sustainable Tourism will be a Key Market Trend
Organic sustainable tourism is gaining popularity around the world. This is mainly attributed to the growing awareness about the environmental benefits of sustainable practices. Many tourism operators are leveraging this trend by providing organic food and accommodation options. Many such developments are expected to contribute to the growth of the global sustainable tourism market.
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
Sustainable Tourism Market 2020-2024 : Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist sustainable tourism market growth during the next five years
Estimation of the sustainable tourism market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the sustainable tourism market
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
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Five forces summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Type
Comparison by Type
Domestic - Market size and forecast 2019-2024
International - Market size and forecast 2019-2024
Market opportunity by Type
Europe - Market size and forecast 2019-2024
North America - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Market positioning of vendors
And Beyond Holdings (Proprietary) Ltd.
Adventure Alternative Ltd.
Better Places International BV
Kind Traveler PBC
Wild Frontiers Adventure Travel Ltd.
Scope of the report
Currency conversion rates for US$
List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com: https://www.businesswire.com/news/home/20201103005427/en/