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(Transportation-News.com, July 08, 2024 ) As per Maximize Market research, Ecotourism Market was valued at US$ 295.10 Bn. in 2023 and is estimated to reach a value of US$ 761.39 Bn. in 2030. The Market size is estimated to grow at a CAGR of 14.5% over the forecast period.
Maximize Market Research examine the Ecotourism Market. North America is the region that is dominating these markets by having a CAGR of 16.8% in 2023 and Asia-Pacific region is holding the second largest market share. Increasing environmental protection consciousness, attractive travel packages, affordable travel rates as well as financial benefits to local communities are market dynamics.
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Rising popularity of immersive travel, solo trips, and outdoor recreational activities, innovative strategies for camps, eco-lodges, and eco-friendly initiatives are increasing market growth. Tourism contributes 4.4% of global GDP, 6.9% of global employment, and 21.6% of service sector opportunities. Ecotourism generates USD 77 billion in revenue, making up 5-7% of the overall travel and tourism market. North America and Asia-Pacific held 35% and 25% of the market share in 2023 respectively, says Maximize Market Research.
Challenges for underdeveloped countries are have poor connectivity and limited quality accommodations in some regions.
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Ecotourism Market Segmentation
by Traveller Type
Solo
Group
by Age- Group
Generation X
Generation Y
Generation Z
by Sales Chanel
Travel Agents
Direct
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Ecotourism Market Key Players:
Kind Traveler (U.S.)
Steppes Travel Group
Responsible Travel
Rickshaw Travel Group (U.K.)
Intrepid Group Limited
Beyond
Maximize Market Research is leading Automotive and Transportation research firm, has also published the following reports:
Automotive Retail Market size was valued at USD 3.66 trillion in 2023 and the revenue is expected to grow at a CAGR of 7.15 % from 2024 to 2030, reaching nearly USD 6.22 trillion.
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