Ecotourism Market Worth to Outgrow by USD 864.3 billion By 2027
Posted On: Oct 2021
According to the research report by Value Market Research, the Global Ecotourism Market is likely to grow to USD 864.3 billion by 2027 with a CAGR of 14.5% during the year 2021-2027. The rising tendency of ecotourism toward unique attractions is a major factor influencing the ecotourism market. In addition, the growing trend of eco-mmodation among millennials is boosting market growth. Furthermore, the growing popularity of exploring wildlife, coral reefs, and distant natural places is expected to boost ecotourism demand in the approaching years. In the predicted time, the growing awareness of global warming and the tourist devastation of the charm would certainly increase the need for ecotourism.
Nonetheless, industry developments such as improved transportation capacities, the formation of public-private partnerships for subsidizing air connections to remote areas, and the provision of ease of access may give significant market potential for the market's main players. Ecotourism is responsible travel to natural regions that protects the environment, promotes local people's well-being, and includes interpretation and education. Ecotourism aims to bring conservation, communities, and sustainable travel together.
On the basis of traveler type the market is segmented into Solo, Group. By age group the ecotourism market is categorised as Generation X, Generation Y, Generation Z. By geography the report is bifurcated into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Ecotourism is the dominating region. The data tables in this section depict the market estimate by market segment.
The Report Segments Global Ecotourism Market - By Traveler Type
By Age Group
Middle East and Africa
Players Profiled In the Report:
Travel Leaders Group, LLC, FROSCH International Travel, Inc, Undiscovered Mountains Ltd, Aracari Travel, Adventure Alternative, Intrepid Group Limited, Rickshaw Travel Group, Adventure Alternative, G Adventures, Small World Journeys Pty Ltd., and Steppes discovery.
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