Ecotourism Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

Tourism is one of the biggest contributors to the global GDP. The GDP growth outpaced the overall economy GDP growth for nine consecutive years between 2011-2019. In 2019, the sector contributed 10.4% or around USD 9,170 Bn to the global GDP.  However, the COVID -19 pandemic adversely impacted the global ecotourism market. As per World Tourism Organization, global international tourist arrivals more than doubled (+130%) in January 2022 compared to 2021 - the 18 million more visitors recorded worldwide in the first month of this year equals the total increase for the whole of 2021.

Furthermore, rising traveler interest in tropical ecology, ethnobotany, primate ecology, and ancient civilization archaeology has aided the growth of the global ecotourism industry. The growing availability of environmentally friendly tourist accommodations has further catalyzed the growth of the industry. As per a survey by booking.com, Over half (55%) of global travelers report being more determined to make sustainable travel choices than they were a year ago, but barriers include a lack of knowledge and available or appealing options when trying to put this into practice.

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According to UnivDatos Market Insights (UMI)’ research report “Global Ecotourism Market Analysis, 2020”, governments around the world are adopting various initiatives to support the safety and security of tourists. The provision for better security to ensure the safety of tourists is enhancing the scope of tourism by boosting the number of visits from tourists from across the globe. According to World Travel and Tourism Council (WTTC), in Saudi Arabia, the total contribution of travel and tourism was 154.1 billion dirhams ($41.95 billion) or 11.3% of GDP in 2017. It is forecast to rise by 4.9% in 2018. By 2028, the sector will represent 10.6% of GDP. Thus, growing ecotourism in the GCC region is expected to propel market growth.

Based on the traveler type, the group segment acquired the dominating market share and gathered major market in 2020. Group travel usually refers to traveling in an organized tour with a guide, other travelers, and a set itinerary and schedule that you’ll have seen before booking. The key benefits of group traveling such as safety, tour guide, affordable accommodation, restaurants, etc., are contributing to the growth of this segment.

 Based on the sales channel, the travel agent segment grabbed X% market share.  

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Asia-Pacific to Grab Lion’s Share, But North America to witness Explicit Growth

Based on the Region, the Asia Pacific region dominated the global ecotourism market in 2020. As per a survey by International Air Transport Associations (IATA), 43% of passengers prefer to use a travel agency, travel management company, or corporate travel department to book their flights. More than one-quarter of travelers (27%) always or often used a travel advisor before the pandemic, as revealed by, the American Society of Travel Advisors (ASTA). However, North America would witness a robust CAGR in the forthcoming years stated in UnivDatos Market Insights (UMI)’ research report “Global Ecotourism Market Analysis, 2020”.

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global ecotourism market are adventure alternative ltd, arcari travel, frosch international travel, inc, g adventures, intrepid group limited, rickshaw travel group, small world journeys pty ltd, steppes travel ltd, travel leaders group llc, undiscovered mountains ltd,  etc., The players are focused on launching new products for gaining customers' traction and expanding their geographical reach to get a competitive edge in the industry.  

“Global Ecotourism Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for ecotourism across the globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors' capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.   

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 Market Segmentation:

1. By Traveler Type (Solo, Group)
2. By Age Group (Generation X, Generation Y. Generation Z)
3. By Sales Channel (Travel Agent, Direct)
4. By Region (North America, Europe, Asia-Pacific, Rest of the World)
5. By Company (Adventure Alternative Ltd, Arcari Travel, Frosch International Travel, Inc, G Adventures, Intrepid Group Limited, Rickshaw Travel Group, Small World Journeys Pty Ltd, Steppes Travel Ltd, Travel Leaders Group llc, Undiscovered Mountains Ltd)

Key questions answered in the study:

1. What are the current and future trends of the global ecotourism industry?
2. How the industry has been evolving in terms of the type of display and resolution?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the ecotourism industry?
5. What are the customer orientation, purchase behavior, and expectations from the ecotourism market firms across various regions?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL ECOTOURISM COVID-19 IMPACT

6 GLOBAL ECOTOURISM REVENUE, 2019-2027F

7 MARKET INSIGHTS BY TRAVELLER TYPE

8 MARKET INSIGHTS BY AGE GROUP

9 MARKET INSIGHTS BY SALES CHANNEL

10 MARKET INSIGHTS BY REGION

11 ECOTOURISM DYNAMICS

12 ECOTOURISM MARKET OPPORTUNITIES

13 ECOTOURISM MARKET TRENDS

14 LEGAL & REGULATORY FRAMEWORK

15 DEMAND AND SUPPLY SIDE ANALYSIS

16 VALUE CHAIN ANALYSIS

17 COMPETITIVE SCENARIO

18 COMPANY PROFILED

19 DISCLAIMER

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