Sustainable Tourism Market to grow by USD 335.93 Billion at a CAGR of 9.54% from 2022 to 2027 - Historic market size valued at USD 489 Billion between 2017 to 2021 - Technavio

NEW YORK, March 3, 2023 /PRNewswire/ -- The sustainable tourism market is projected to increase at a CAGR of 9.54% during the forecast period – 2022 to 2027 by Technavio data analysts and research experts. This market research report also suggests statistics about the market size that will grow by USD 335.93 billion. For exclusive market statistics and other relevant market information, historic (2017 to 2021), and forecast market size (2023 to 2027)  buy the exclusive report.

The growing adoption rate of sustainable tourism practices by large tourism companies, growing preference toward local and authentic experiences, and the rising number of travelers adopting new types of tourism are projected as the prominent factors leading to the sustainable tourism market growth. For more such market analysis updates, historic (2017 to 2021), and forecast market size (2023 to 2027)  request the sample report.

Key Market Driver, Trend, and Challenge

• The growing adoption rate of sustainable tourism practices by the bigger tourism companies is significantly driving the market growth.
• Technavio suggests further, the growth in the number of eco-conscious travelers will emerge as a key market trend for growth in the sustainable tourism market from 2022 to 2027.
• Various issues raised in implementing sustainable tourism policies, especially in developing countries may slow down the market growth as per Technavio's report.

New Business Opportunities - Market Segments and Key Regions Analysis

There are two market segments classified domestic and international, in the sustainable tourism market as per Technavio's analysts.

Among these two, the domestic segment is projected to record the most significant market share growth during the forecast period - 2022 to 2027. This segment first witnessed a gradual growth in the market share of USD 352.28 billion in 2017 and will continue to grow significantly by 2021.

Considering the geographical regions for market share growth, Europe is projected at the top of the list. 38% of the total market share growth will be originated from Europe by 2027. Technavio further suggests France, Germany, and the UK are the countries that majorly acquire over 50% of the market in the European region. The market growth in these countries, especially France and Germany, was witnessed due to the governments' collaborative schemes to develop different policies at the national level to encourage sustainable tourism.

Furthermore, strict lockdown regulations were imposed in the UK, France, Italy, Germany, Ireland, Sweden, Belgium, and other countries to combat the COVID-19 spread in 2020. This further badly affected connectivity of the international flights and travel within the region. So, due to the COVID-19 outbreak, the demand for sustainable tourism among travelers declined in the region and worldwide, which impacted the market growth badly in Europe in 2020.

For more detailed segment analysis and geographical business distribution, historic (2017 to 2021), and forecast market size (2023 to 2027) - request the sample report.

Key Market Vendors

There are a few key vendors operating in the market, mentioned in the report such as:

• And Beyond Holdings Proprietary Ltd.
• Mojosurf
• Aracari Travel
• Global Himalayan Expedition
• BOUTECO Ltd.
• Earth Changers
• Beyonder Experiences LLP
• G Adventures
• Kind Traveler PBC
• Intrepid Group
• Kynder

What`s New for 2023?

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial

Major Data Covered in this Sustainable Tourism Market Report

• Projected CAGR of the market during 2023-2027
• Detailed statistical information on the major market drivers of the sustainable tourism market during 2023-2027
• Market size analysis of the sustainable tourism market size and its association with the parent market
• Relevant predictions about upcoming market trends and detailed consumer behavior analysis
• Market share growth analysis across North America, APAC, Europe, South America, and the Middle East and Africa
• Detailed market's competitive landscape and key information about market vendors
• Comprehensive analysis of various market challenges

Related Reports

• The helicopter tourism market is projected to increase at a CAGR of 4.5% during the forecast period – 2022 to 2027 by Technavio data analysts and research experts. This market research report also suggests the statistics about the market size growth that will grow by USD 282.41 million.
• The culinary tourism market is projected to increase at a CAGR of 17.45% during the forecast period – 2022 to 2027 by Technavio data analysts and research experts. This market research report also suggests the statistics about the market size growth that will grow by USD 126.28 billion. 

Sustainable Tourism Market 2023-2027 : Key Highlights

• CAGR of the market during the forecast period 2023-2027
• 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

Table Of Contents :

1 Executive Summary

• 1.1 Market overview

• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Channel
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem

• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition

• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis

• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027

• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global sustainable tourism market 2017 - 2021

• Exhibit 18: Historic Market Size – Data Table on Global sustainable tourism market 2017 - 2021 ($ billion)

• 4.2 Type Segment Analysis 2017 - 2021

• Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ billion)

• 4.3 Channel Segment Analysis 2017 - 2021

• Exhibit 20: Historic Market Size – Channel Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021

• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021

• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary

• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers

• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers

• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants

• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes

• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry

• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition

• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments

• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type

• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Domestic - Market size and forecast 2022-2027

• Exhibit 34: Chart on Domestic - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Domestic - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Domestic - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Domestic - Year-over-year growth 2022-2027 (%)

• 6.4 International - Market size and forecast 2022-2027

• Exhibit 38: Chart on International - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on International - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on International - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on International - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Type

• Exhibit 42: Market opportunity by Type ($ billion)

7 Market Segmentation by Channel

• 7.1 Market segments

• Exhibit 43: Chart on Channel - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Channel - Market share 2022-2027 (%)

• 7.2 Comparison by Channel

• Exhibit 45: Chart on Comparison by Channel
• Exhibit 46: Data Table on Comparison by Channel

• 7.3 Phone booking - Market size and forecast 2022-2027

• Exhibit 47: Chart on Phone booking - Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Data Table on Phone booking - Market size and forecast 2022-2027 ($ billion)
• Exhibit 49: Chart on Phone booking - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Phone booking - Year-over-year growth 2022-2027 (%)

• 7.4 Online booking - Market size and forecast 2022-2027

• Exhibit 51: Chart on Online booking - Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Data Table on Online booking - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Chart on Online booking - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Online booking - Year-over-year growth 2022-2027 (%)

• 7.5 In-person booking - Market size and forecast 2022-2027

• Exhibit 55: Chart on In-person booking - Market size and forecast 2022-2027 ($ billion)
• Exhibit 56: Data Table on In-person booking - Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Chart on In-person booking - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on In-person booking - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Channel

• Exhibit 59: Market opportunity by Channel ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview

• Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation

• Exhibit 61: Chart on Market share by geography 2022-2027 (%)
• Exhibit 62: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison

• Exhibit 63: Chart on Geographic comparison
• Exhibit 64: Data Table on Geographic comparison

• 9.3 Europe - Market size and forecast 2022-2027

• Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027

• Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027

• Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027

• Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027

• Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027

• Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 France - Market size and forecast 2022-2027

• Exhibit 89: Chart on France - Market size and forecast 2022-2027 ($ billion)
• Exhibit 90: Data Table on France - Market size and forecast 2022-2027 ($ billion)
• Exhibit 91: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.10 Japan - Market size and forecast 2022-2027

• Exhibit 93: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 94: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 95: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027

• Exhibit 97: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 98: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 99: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 Canada - Market size and forecast 2022-2027

• Exhibit 101: Chart on Canada - Market size and forecast 2022-2027 ($ billion)
• Exhibit 102: Data Table on Canada - Market size and forecast 2022-2027 ($ billion)
• Exhibit 103: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography

• Exhibit 105: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges

• Exhibit 106: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape

• Exhibit 107: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption

• Exhibit 108: Overview on factors of disruption

• 11.4 Industry risks

• Exhibit 109: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered

• Exhibit 110: Vendors covered

• 12.2 Market positioning of vendors

• Exhibit 111: Matrix on vendor position and classification

• 12.3 Adventure Alternative Ltd.

• Exhibit 112: Adventure Alternative Ltd. - Overview
• Exhibit 113: Adventure Alternative Ltd. - Product / Service
• Exhibit 114: Adventure Alternative Ltd. - Key offerings

• 12.4 And Beyond Holdings Proprietary Ltd.

• Exhibit 115: And Beyond Holdings Proprietary Ltd. - Overview
• Exhibit 116: And Beyond Holdings Proprietary Ltd. - Product / Service
• Exhibit 117: And Beyond Holdings Proprietary Ltd. - Key offerings

• 12.5 Aracari Travel

• Exhibit 118: Aracari Travel - Overview
• Exhibit 119: Aracari Travel - Product / Service
• Exhibit 120: Aracari Travel - Key offerings

• 12.6 BOUTECO Ltd.

• Exhibit 121: BOUTECO Ltd. - Overview
• Exhibit 122: BOUTECO Ltd. - Product / Service
• Exhibit 123: BOUTECO Ltd. - Key offerings

• 12.7 G Adventures

• Exhibit 124: G Adventures - Overview
• Exhibit 125: G Adventures - Product / Service
• Exhibit 126: G Adventures - Key offerings

• 12.8 Intrepid Group

• Exhibit 127: Intrepid Group - Overview
• Exhibit 128: Intrepid Group - Product / Service
• Exhibit 129: Intrepid Group - Key offerings

• 12.9 Kind Traveler PBC

• Exhibit 130: Kind Traveler PBC - Overview
• Exhibit 131: Kind Traveler PBC - Product / Service
• Exhibit 132: Kind Traveler PBC - Key offerings

• 12.10 Kynder

• Exhibit 133: Kynder - Overview
• Exhibit 134: Kynder - Product / Service
• Exhibit 135: Kynder - Key offerings

• 12.11 Mojosurf

• Exhibit 136: Mojosurf - Overview
• Exhibit 137: Mojosurf - Product / Service
• Exhibit 138: Mojosurf - Key offerings

• 12.12 Responsible Travel

• Exhibit 139: Responsible Travel - Overview
• Exhibit 140: Responsible Travel - Product / Service
• Exhibit 141: Responsible Travel - Key offerings

• 12.13 Rickshaw Travel Ltd.

• Exhibit 142: Rickshaw Travel Ltd. - Overview
• Exhibit 143: Rickshaw Travel Ltd. - Product / Service
• Exhibit 144: Rickshaw Travel Ltd. - Key offerings

• 12.14 Steppes Travel Ltd.

• Exhibit 145: Steppes Travel Ltd. - Overview
• Exhibit 146: Steppes Travel Ltd. - Product / Service
• Exhibit 147: Steppes Travel Ltd. - Key offerings

• 12.15 Undiscovered Mountains Ltd.

• Exhibit 148: Undiscovered Mountains Ltd. - Overview
• Exhibit 149: Undiscovered Mountains Ltd. - Product / Service
• Exhibit 150: Undiscovered Mountains Ltd. - Key offerings

• 12.16 Wild Frontiers Adventure Travel Ltd.

• Exhibit 151: Wild Frontiers Adventure Travel Ltd. - Overview
• Exhibit 152: Wild Frontiers Adventure Travel Ltd. - Product / Service
• Exhibit 153: Wild Frontiers Adventure Travel Ltd. - Key offerings

• 12.17 Wilderness Safaris

• Exhibit 154: Wilderness Safaris - Overview
• Exhibit 155: Wilderness Safaris - Product / Service
• Exhibit 156: Wilderness Safaris - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist

• Exhibit 157: Inclusions checklist
• Exhibit 158: Exclusions checklist

• 13.3 Currency conversion rates for US$

• Exhibit 159: Currency conversion rates for US$

• 13.4 Research methodology

• Exhibit 160: Research methodology
• Exhibit 161: Validation techniques employed for market sizing
• Exhibit 162: Information sources

• 13.5 List of abbreviations

• Exhibit 163: List of abbreviations

• level of service: Includes upscale hotels, mid-market hotels, and economy hotels o

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus 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.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

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