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Eco Tourism Market Type of Traveler (Solo, Group) Age Group (Below 30 Years, 30–41 Years, 42–49 Years, 50 Years & Above) Sales Channel (Travel Agents, Direct ) : Global Opportunity Analysis and Industry Forecast, 2020-2027

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Oct 2020 | 644 Views
 
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COVID-19

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As the daily life intensity and anxiety are increasing among the people, the concept of travel and exploration is gaining extreme recognition. Ecotourism is a type of tourism that generally involves traveling sustainably. The word ecotourism and sustainable development were first introduced in the 1980s. According to The International Ecotourism Society (TIES), 2015; ecotourism is defined as "responsible travel to natural areas that conserve the environment, sustain the well being of the local people, and involve interpretation and education”. TIES have set eight ecotourism principals for the ones who are a part of the ecotourism market. The concept of ecotourism provides revenue generation for several countries like Costa-Rica, Ecuador, Nepal, Kenya, Madasagar, Antarctica, and others. The companies dealing in the global ecotourism market are experiencing exponential growth. These companies are providing travel guidance by optimizing traveling packages, responsible travel, and leisure activities and are also concerned about the environment and well being of the residents in various destinations.  

 

Market scope and structure analysis :

                    Report Metric

                                                    Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value ($US)

  Segments covered

  Type of Traveler, Age Group, Sales Channel,and Region

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, Italy, Spain,and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, Mexico, and Rest of LAMEA)

  Companies covered

andBeyond, Kynder, HRG North America, Travel Leaders Group, Frosch Travel, China CYTS Tours Holding Co. Ltd., JTB  Americas Ltd., Arcari, Ecocompanion, Undiscovered Mountains, Adventure Alternative, Intrepid Travel, Kind Traveler, Steppes Travel, ROW Sea Kayak Adventures.

 

COVID-19 Scenario Analysis: 

Lockdown Scenario

The ecotourism marketis the highly affected market due to the lockdown scenario caused by the COVID-19 pandemic. Many companies are not operating during the lockdown situation and this has resulted in huge losses to the market due to worldwide travel restrictions.

Effect of the outbreak

The outbreak has not only affected the market for the current period but is expected to show an effect until a long time. The fear and consequences of the deadly virus spread due to human contact will disrupt the growth of the eco-tourism market.

Regulatory restrictions

Almost every country has shutdown the national and international flights and this has affected the growth of the tourism market and thus the ecotourism market.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Tourism infrastructure development is one of the main development objectives for most of the countries. Ecotourism is generating revenue both for the public and private organizations. The increase in awareness, environmental protection, sustainable development, global warming, traveling fervor, attractive traveling packages, affordable prices, need of planning, increase in job opportunities to the locals, and recreational &adventurous activities are the factors that drive the growth of the global ecotourism market. However, increase in competition, local culture, inhabitant disturbance, government intervention, and quality of services hinder the market growth. Contrarily, investments in medical facilities, qualified workforce, the safety of the tourist, engagement of the residents, protection of flora and fauna, discount packages for different locations, homestays, and expanding the locations covered present new pathways in the industry.

The global ecotourism markettrends are as follows:

Expanding Eco-Tourism Market

Ecotourism is now not only limited to the offering of destination packages but is also focused on other major factors like the safety and security of the travelers and the diversity of the destination. Major key players in the market have launched many new trends like investing in the local environment. AndBeyond, a luxury sustainable safari tour company has launched an electrical microgrid in their operating camps to reduce the need for a generator and also has installed water bottling plants. They have been focusing to provide exhilarating experience to travelers by including recreational activities like hiking, rafting, camping, caving, climbing, glacier travel, and others in the packages and meanwhile proving the job opportunities for the residents.

Sustainable Tourism Plans 

The market is focusing more on sustainable tourism plans, as the people are more inclined to travel the most unexplored places, to connect with the natural ways of living, toward the vernacular architecture, and explore the tradition of various countries. The companies are providing world tour packages, booking facilities, accommodation facilities, discounted offers, and travel insurance. Various travel agencies are formed at the national and international levels, leading to a partnership with other sectors like hotels, food &dining, airlines, and others. The government is also playing a key role in this market by increasing the public-private partnerships and also engaging in various ecotourism conferences with the stakeholders. In the coming years, the demand for ecotourism is expected to grow and adequate facilities are required in the value chain, which is expected to boost the world economy.

Key Segments Covered:

                  Segments

                                    Sub-segments

  Type of Traveler

  • Solo
  • Group

  Age Group

  • Below 30 Years
  • 30–41 Years
  •  42–49 Years
  •  50 Years & Above

  Sales Channel

  • Travel Agents
  • Direct

 

Key Benefits of the Report:

  • This study presents the analytical depiction of the global ecotourism industry along with the current trends and future estimations to determine the imminent investment pockets.

  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global ecotourism market share.

  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global ecotourism market growth scenario.

  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 

  • The report provides a detailed global ecotourism market analysis based on competitive intensity and how the competition will take shape in the coming years.  

Questions Answered in the Ecotourism Market Research Report:

  • What are the leading market players active in the ecotourism market?

  • What the current trends will influence the market in the next few years?

  • What are the driving factors, restraints, and opportunities in the market?

  • What future projections would help in taking further strategic steps?

 
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