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Akash Vidhate
by on October 1, 2023
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According to a new report published by Allied Market Research, titled, “Sustainable Tourism MarketThe sustainable tourism market was valued at $3.3 trillion in 2022, and is estimated to reach $11409.2 billion by 2032, growing at a CAGR of 14% from 2023 to 2032. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends.


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In 2023, the coastal tourism segment occupied the largest market share as it is one of the most popular types of sustainable tourism locations in the world due to its scenic beauty and location related outdoor activities.

The demand for destinations and activities that minimize ecological damage and promote environmental protection is rising, which has a significant impact on the sustainable tourism industry. There is an increasing demand for accommodation that stresses sustainable operations. They look for resorts, hotels, and lodges that employ energy-saving strategies, renewable energy sources, trash minimization and recycling, water conservation, and local community involvement. Environmentally conscious travelers are especially attracted to hotels that have eco-certifications or adhere to green building requirements. Tourists are becoming more choosy about the tour firms they choose as they hunt for those who commit to ecologically responsible practices, preserve local cultures, and make positive contributions to the communities they operate in. Sustainable tour companies that provide authentic, educational, and ethical travel experiences reflect the ideals of eco-conscious visitors.

The sustainable tourism market is segmented on the basis of type, application, age group, and region.

Based on type, the coastal tourism segment held the highest market share in 2022, accounting for nearly half of the global sustainable tourism market revenue and is estimated to maintain its leadership status throughout the forecast period due to their special qualities, such as sandy beaches, maritime life, water-related activities, and cultural diversity. However, the island tourism segment is projected to manifest the highest CAGR of 14.3% from 2023 to 2032, as island tourism helps in providing combined experiences from both coastal as well as mountain tourism.

Complete Report: https://www.alliedmarketresearch.com/checkout-final/305965462423a30ad2ee3b876b2f1a47

Based on application, the family segment held the highest market share in 2022, accounting for more than one-third of the global sustainable tourism market revenue and is estimated to maintain its leadership status throughout the forecast period as family vacations offer opportunities for learning about the environment and helps educators to impart conservation, sustainable lifestyles, and the need of protecting natural resources to parents, children, and older generations.

Based on age group, the millennial segment held the highest market share in 2022, accounting for around three-fourths of the global sustainable tourism market revenue and is also projected to manifest the highest CAGR of 14.2% from 2023 to 2032, as travelers in their 20s and early 30s look for real, meaningful experiences and cherish chances to interact with local people, cultures, and traditions.

Based on region, Asia-Pacific held the highest market share in terms of revenue in 2022, accounting for more than two-fifths of the global sustainable tourism market revenue and is also expected to witness the fastest CAGR of 14.3% from 2022 to 2031, as consumers in the Asia-Pacific region value both their own and other nations’ cultural traditions highly. They go to places with historical landmarks, UNESCO World Heritage landmarks, indigenous handmade crafts, and festivals of culture.

The key players operating in the Sustainable tourism Market Analysis include- Intrepid Group Pty Limited, G Adventures, Spiti Ecosphere, Basecamp Explorer Group, Wilderness Safaris, Loola Adventure Resort, Vagabond and Driftwood Small Group Tours of Ireland, Chumbe Island Coral Park, Inkaterra, and Tourism Holdings Limited.

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