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Pulished Date March, 2021
ID: 11314
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Sustainable Tourism Market By Type (International and Domestic), and country, Market Share, Forecast Data, In-Depth Analysis, And Detailed Overview, and Forecast, 2021-2026.

Pulished: March, 2021
ID: 11314
Pages: 175

Sustainable Tourism Market Size, Growth, Trends and Forecast:

Sustainable tourism is tourism that fully takes into account its current and future economic, social and environmental impacts, meeting the needs of visitors, industry, and the environment, and host communities. Tourism can involve major transportation to the general location, local transportation, lodging, entertainment, recreation, food, and shopping. This can be related to travel for pleasure, business, and what is known as VFR (visiting friends and family). There is currently a broad consensus that tourism development must be sustainable. A 2017 report by the United Nations World Tourism Organization found that although some countries and industry sectors are creating initiatives for tourism to achieve the SDGs, knowledge sharing, financing, and sustainable tourism policy do not fully meet stakeholder needs.

Tourism development organizations promote sustainable tourism practices in order to mitigate the negative effects caused by the growing impact of tourism. The United Nations World Tourism Organization has highlighted these practices by promoting tourism within the framework of the Sustainable Development Goals, through programs such as the International Year of Sustainable Tourism for Development in 2017, and programs such as Tourism for the SDGs focused on how SDG 8, SDG 12 and SDG 14 involve tourism in creating a sustainable economy. The Sustainable Tourism Market is expected at USD xx. xx million in 2021 and is anticipated to the extent an over of USD xx. xx million by the end of the assessment period. The Sustainable Tourism Market is estimated to experience reasonable growth to record a CAGR of xx.xx% throughout the estimated period (2021-2026).

Impact of covid-19 on Sustainable Tourism Market:

The COVID-19 pandemic has forced the tourism sector to focus on resilience, sustainability, and interdependence among the various actors in the sector. UNWTO recently issued strategic directions for a responsible recovery of the tourism sector, recommending ways to support a responsible recovery from the current situation and build better tourism. Throughout the COVID-19 pandemic, the world has witnessed a dramatic decrease in CO2 emissions, especially in the transportation industry, including tourism-related transportation. Due to COVID-19, there was an unprecedented 65% decrease in the number of international tourists in the first half of 2020 compared to 2019. Countries around the world have closed their borders and introduced travel restrictions in response to the pandemic. The situation is expected to gradually improve in 2021 depending on the lifting of travel restrictions, the availability of the COVID-19 vaccine, and the return of traveler confidence.

Recent Developments:

Preferred Hotel Group, the parent company of Preferred Hotels & Resorts, Historic Hotels of America, Historic Hotels Worldwide, and PHG Consulting, have acquired the sustainable tourism consulting and services company Beyond Green Travel. Led by ecotourism pioneer Costas Christ, Beyond Green Travel has been developing sustainability content and strategies for travel and hospitality businesses for approximately 30 years, working with brands such as Fairmont Hotels and Resorts, The Travel Corporation, Wilderness Safaris, and National Geographic Travel. The company also advises destinations and governments on the implementation of sustainable tourism practices.

Lindblad Expeditions Holdings, Inc., a global provider of expedition cruises and adventure travel experiences, announced today that it had acquired majority interests in DuVine Cycling + Adventure Co., a leading luxury cycling and adventure travel companies, and Off the Beaten Path LLC, a leading active tour operator specializing in national parks in the United States. United.

In May 2018, Greencoat Renewables will acquire the Cordal wind farm from Cubico Sustainable Investments, a global investor and operator in the field of renewable energy. Greencoat, a renewable infrastructure company that invested in euro-denominated assets, made the announcement.

Drivers and Restsraints of Sustainable Tourism Market:

In large part, the sense of responsibility towards the environment, coupled with the socio-economic well-being of local societies among tour operators, is driving the demand for sustainable tourism around the world. Other factors that trigger the need and demand of the sustainable tourism segment include a growing awareness of securing the natural and traditional habitat of the destination in question, as well as a shift in the mindset of many travelers compared to traditional travel concerns such as price, the brand, quality, and suitability for dealing with social, cultural, and environmental problems that are important to vacation spots. Sustainable tourism is still an emerging concept, and many regions are not aware of this type of tourism; therefore, huge opportunities, including the coverage of many untapped areas and the fusion of sustainable tourism with ethno-tourism and ecotourism, are presented as areas of potential opportunities for sustainable tourism in the tourism industry. The millennial and baby boom generation of travelers are more inclined towards sustainable tourism, and their preferred destination appears to be South Africa.

Vacationing in places with an abundance of natural habitats and ensuring respect for the environment is becoming an emerging trend among tourists on their sustainable travel; travelers enjoy the ecstasy of a place's natural habitat without causing a nuisance to the local plant, animal, and bird species or human settlements. Today there is a trend to undertake a fusion vacation between sustainable tourism and ecotourism—another notable trend found in the transformation of sustainable tourism from vacation travel to social work. However, there are some factors that hinder the growth of the sustainable tourism segment, such as limited audience or travelers, since this concept of tourism is not very comfortable and luxurious for most travelers. Another limitation is that tourists from all over the world are less aware of sustainable tourism, as some travelers prefer a very comfortable and luxurious vacation and only look for those options. Many tourists do not find this concept relevant, and changing their minds in favor of sustainable tourism is another challenge for the sustainable tourism segment.

Sustainable Tourism Market Segmentation:

The Sustainable Tourism Market segmentation for Type can be divided into International and Domestic. While this segment has a significant market share, it is expected to show a decline in its share over the forecast period, as developing countries increasingly focus on sustainable international tourism due to foreign exchange earnings.

Regional Analysis:

The Market for Sustainable Tourism has been categorized on the basis of geography to offer a clear understanding of the global market; the world Market for Sustainable Tourism has been studied in four regions: North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. The idea of ​​human travel or human tourism is to directly connect travelers from Europe, North America, Australia, and New Zealand looking for new adventures and authentic experiences for local businesses in the specific places they want to visit, thus providing economic benefits to the locals. Business and provide travelers with authentic and truly unique travel experiences. The South African National Tourism Policy (1996) used the term "responsible tourism" and mentioned the well-being of the local community as the main factor.

The European Travel Commission was proposed in 1973 and a multilateral initiative to achieve environmentally friendly tourism and development. The United Nations specialized agency called the World Tourism Organization (UNWTO) highlights the link between tourism and development in the objectives of achieving sustainable development goals. MEA will provide various growth opportunities to market providers during the forecast period. Factors such as increasing awareness and promoting sustainable tourism will significantly drive the growth of the sustainable tourism market in this region during the forecast period. 6% of the market growth will come from MEA during the forecast period. Qatar and the United Arab Emirates are the main markets for sustainable tourism in the MEA region.

Leading Company:

National Park had the largest share of the Sustainable Tourism Market in terms of sales revenue in 2021.

Key Players:

The Sustainable Tourism Market is concentrated with well-established players. Key players in the Sustainable Tourism Market include World Heritage Site, National Park, Beach, Game Ranch, Wildlife Conservancy, Sacred Forest, Local Authority Forest, State Forest, Wildlife Sanctuary, Marine Reserve, National Reserve, Marine Park, and among many others.

1. Introduction                                   

            1.1 Market Definition                        

            1.2 Study Deliverables                                   

            1.3 Base Currency, Base Year and Forecast Periods                         

            1.4 General Study Assumptions                                

2. Research Methodology                                          

            2.1 Introduction                                 

            2.2 Research Phases                           

                        2.2.1 Secondary Research                  

                        2.2.2 Primary Research                      

                        2.2.3 Econometric Modelling            

                        2.2.4 Expert Validation                     

            2.3 Analysis Design                           

            2.4 Study Timeline                             

3. Overview                                       

            3.1 Executive Summary                                 

            3.2 Key Inferences                             

            3.3 Epidemology                                

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                         

            4.1 Market Drivers                             

            4.2 Market Restraints                         

            4.3 Key Challenges                            

            4.4 Current Opportunities in the Market                               

5. Market Segmentation                                             

            5.1 Type                                 

                        5.1.1 Introduction                  

                        5.1.2 Consumables                 

                        5.1.3 Software           

                        5.1.4 Services             

                        5.1.5  Y-o-Y Growth Analysis, By Type                   

                        5.1.6  Market Attractiveness Analysis, By Type                   

                        5.1.7  Market Share Analysis, By Type                     

6. Geographical Analysis                                           

            6.1 Introduction                                 

                        6.1.1 Regional Trends            

                        6.1.2 Impact Analysis            

                        6.1.3 Y-o-Y Growth Analysis            

                                    6.1.3.1 By Geographical Area           

                                    6.1.3.2 By Type         

                        6.1.4  Market Attractiveness Analysis                       

                                    6.1.4.1 By Geographical Area           

                                    6.1.4.2 By Type         

                        6.1.5  Market Share Analysis             

                                    6.1.5.1 By Geographical Area           

                                    6.1.5.2 By Type         

            6.2 North America                             

                        6.1.1 Introduction                  

                        6.1.2 United States                

                        6.1.3 Canada              

            6.3 Europe                              

                        6.2.1 Introduction                  

                        6.2.2 U.K                   

                        6.2.3 Spain                 

                        6.2.4 Germany           

                        6.2.5 Italy                   

                        6.2.6 France               

            6.4 Asia-Pacific                                 

                        6.3.1 Introduction                  

                        6.3.2 China                 

                        6.3.3 India                  

                        6.3.4 Japan                 

                        6.3.5 Australia            

                        6.3.6 South Korea                  

            6.5 Latin America                              

                        6.4.1 Introduction                  

                        6.4.2 Brazil                 

                        6.4.3 Argentina                      

                        6.4.4 Mexico              

                        6.4.5 Rest of Latin America               

            6.6 Middle East & Africa                              

                        6.5.1 Introduction                  

                        6.5.2 Middle-East                  

                        6.5.3 Africa                

7. Strategic Analysis                                      

            7.1 PESTLE analysis                         

                        7.1.1 Political             

                        7.1.2 Economic                      

                        7.1.3 Social                

                        7.1.4 Technological                

                        7.1.5 Legal                 

                        7.1.6 Environmental               

            7.2 Porter’s Five analysis                               

                        7.2.1 Bargaining Power of Suppliers             

                        7.2.2 Bargaining Power of Consumers                      

                        7.2.3 Threat of New Entrants            

                        7.2.4 Threat of Substitute Products and Services                  

                        7.2.5 Competitive Rivalry within the Industry                     

8. Market Leaders' Analysis                                      

            8.1 World Heritage Site                                 

                        8.1.1 Overview                      

                        8.1.2 Product Analysis                       

                        8.1.3 Financial analysis                      

                        8.1.4 Recent Developments               

                        8.1.5 SWOT analysis             

                        8.1.6 Analyst View                

            8.2 National Park                               

            8.3 Beach                               

            8.4 Game Ranch                                

            8.5 Wildlife Conservancy                              

            8.6 Sacred Forest                               

            8.7 Local Authority Forest                            

            8.8 State Forest                                  

            8.9 Wildlife Sanctuary                                   

            8.10 Marine Reserve                          

9. Competitive Landscape                                         

            9.1 Market share analysis                               

            9.2 Merger and Acquisition Analysis                        

            9.3 Agreements, collaborations and Joint Ventures                          

            9.4 New Product Launches                            

10. Market Outlook and Investment Opportunities                                       

Appendix                                           

            a) List of Tables                                 

            b) List of Figures                               

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Sustainable Tourism Market By Region, From 2021-2026 ( USD Billion )
  2. Global Sustainable Tourism Market By Type, From 2021-2026 ( USD Billion )
  3. Global International  Market By Region, From 2021-2026 ( USD Billion )
  4. Global Domestic Market By Region, From 2021-2026 ( USD Billion )

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