LONDON–(BUSINESS WIRE)–Technavio has been monitoring the sustainable tourism market and it is poised to grow by USD 338.06 bn during 2019-2023, progressing at a CAGR of over 10% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Frequently Asked Questions:
What are the major trends in the market?
Shifting preference toward local and authentic experiences is a major trend driving the growth of the market.
At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 9.39% and the incremental growth of the market is anticipated to be $ 338.06 bn.
Who are the top players in the market?
Bouteco, Kind Traveler, PBC., Responsible Travel, Wild Frontiers Adventure Travel, and Wilderness Holdings Limited., are some of the major market participants.
What is the key market driver?
The need of organic sustainable tourism is one of the major factors driving the market.
How big is the Europe market?
The Europe region will contribute 51% of the market share.
The market is moderately fragmented, and the degree of fragmentation will accelerate during the forecast period. Bouteco, Kind Traveler, PBC., Responsible Travel, Wild Frontiers Adventure Travel, and Wilderness Holdings Limited. are some of the major market participants. The need of organic sustainable tourism will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Sustainable Tourism Market 2019-2023: Segmentation
Sustainable Tourism Market is segmented as below:
- North America
- South America
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Sustainable Tourism Market 2019-2023: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The sustainable tourism market report covers the following areas:
- Sustainable Tourism Market Size
- Sustainable Tourism Market Trends
- Sustainable Tourism Market Industry Analysis
This study identifies a shifting preference toward local and authentic experiences as one of the prime reasons driving the sustainable tourism market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Sustainable Tourism Market 2019-2023: Key Highlights
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will assist sustainable tourism market growth during the next five years
- Estimation of the sustainable tourism market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the sustainable tourism market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of sustainable tourism market vendors
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY TYPE
- Market segmentation by type
- Comparison by type
- Domestic – Market size and forecast 2018-2023
- International – Market size and forecast 2018-2023
- Market opportunity by type
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- Europe – Market size and forecast 2018-2023
- North America – Market size and forecast 2018-2023
- APAC – Market size and forecast 2018-2023
- South America – Market size and forecast 2018-2023
- MEA – Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Other prominent drivers
- Market challenges
- Other prominent challenges
- Impact of market drivers and challenges
PART 11: MARKET TRENDS
- Increase in eco-conscious travelers
- Rising popularity of organic sustainable tourism
- Increase in Internet access and online testimonials
- Other prominent trends
PART 12: VENDOR LANDSCAPE
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Kind Traveler, PBC.
- Responsible Travel
- Wild Frontiers Adventure Travel
- Wilderness Holdings Limited
PART 14: APPENDIX
- Research methodology
- List of abbreviations
PART 15: EXPLORE TECHNAVIO
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