Ecotourism Global Market Sees Growth Rate Of 18% Through 2022

The global ecotourism market size is expected to grow from $157.76 billion in 2021 to $185.43 billion in 2022 at a compound annual growth rate (CAGR) of 17.5%. The global ecotourism market size is expected to reach $299.03 billion in 2026 at a CAGR of 12.7%.

What is the Global Ecotourism Market?

The ecotourism market consists of sales of ecotourism services by entities (organizations, sole traders, and partnerships) that refer to the responsible travel to natural places which conserves the environment, supports the well-being of local people, and includes interpretation and education. Ecotourism aids in the preservation of environmentally vulnerable areas and raises awareness of local environmental and social issues. It can enhance local livelihoods by utilizing the diverse spectrum of natural and cultural ecosystem services offered by mangroves.

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What drives the Global Ecotourism Market?

The growing availability of eco-friendly tourist accommodations is expected to propel the growth of the ecotourism market going forward. The eco-friendly tourist accommodation is environmentally sustainable that follows the practices of green living to ensure non-toxic, safe, and energy-efficient accommodation for tourists. The hotels are adopting ecologically friendly designs and operations such as lowering pollutant emissions, and conserving water and energy, procuring green goods to promote ecotourism. For instance, in October 2020, Hotelbeds, a Spain-based travel technology company launched The Green Hotels Programme to bring a green economy and accelerate the travel industry towards sustainability. With this initiative, Hotelbeds became a member of the Global Sustainable Tourism Council, the global authority that sets standards for sustainable tourism. Therefore, the growing availability of eco-friendly tourist accommodation is promoting the ecotourism market.

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Global Ecotourism Market Segments
The global ecotourism market is segmented:
By Type: Alternative Tourism, Responsible Tourism, Sustainable Tourism, Community Tourism
By Traveler Type: Solo Traveler, Group Traveler
By Age Group: Generation X, Generation Y, Generation Z
By Sales Channel: Travel Agent, Direct
By Geography: The regions covered in the ecotourism market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Ecotourism Global Market Report 2022provides market size and growth forecasts for the global ecotourism market, global ecotourism market share, ecotourism market segments and geographies, ecotourism market competitive landscape including leading competitors’ revenues, profiles and market shares. The ecotourism market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Ecotourism Industry Playersinclude Aracari Travel, Undiscovered Mountains, Intrepid Group, Rickshaw Travel, Small World Journeys, Adventure Alternative Ltd, G Adventures, SteppesTravel, Booking Holdings Inc., Travel Leaders, JTB Corporation, AndBeyond, BCD Travel, Goway Travel, BCD Travel, Goway Travel, Conservation Capital, Natural Discovery, National Geographic Expedition, and Baobab Travel. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.