Latest News- Sustainable Tourism Market: Domestic is expected to lead the Type segment during 2025-2029

The Sustainable Tourism Market is being driven by Large tourism companies implementing sustainable tourism practices

The Sustainable Tourism Market is expected to grow at a CAGR of 11.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 508.3 billion. In the business realm of tourism, sustainable practices have gained significant traction as travelers increasingly prioritize environmental stewardship and community engagement. Sustainable tourism offerings, such as eco-lodges and green accommodations, are favored due to their reduced environmental impact and opportunities for authentic local interaction. Notably, organizations like UNESCO, GSTC, and UNWTO are leading the charge, providing industry standards, conducting training programs, and advocating for sustainable policies. These initiatives include accreditation schemes, conferences, and guidelines, ensuring the tourism sector adheres to eco-friendly practices and fosters positive relationships with local communities. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on segments_for_ai.nslist

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Large tourism companies implementing sustainable tourism practices
• Shifting preference toward local and authentic experiences
• Increasing number of travelers opting for new types of tourism

However, the market also witnesses some limitations, which are as follows:

• Inability of developing countries to implement sustainable tourism policies
• High cost associated with green travel
• Increased threat of terrorism

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Market Scope in Sustainable Tourism Market Research Report

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Research Analysis Overview

The Sustainable Tourism market encompasses various forms of responsible travel, including Wilderness tours by Cheesemans Ecology Safaris and G Adventures. Policies and regulations guide Eco-tourism, Green tourism, Soft tourism, and Community tourism. Independent travelers, tour groups, and package travelers can book through Phone, Online, or In-person means. Sustainable Tourism prioritizes the Environment, Biodiversity, and Indigenous cultures, upholding Moral principles. The Tourism Value Chain impacts Visitors and Local population, with potential for Environmental deterioration, deforestation, loss of biodiversity, and Carbon emissions.

Market Research Overview

The sustainable tourism market is a significant segment within the larger parent market of global hotels, resorts, and cruise lines. Key players in this sector include Wilderness, Cheesemans Ecology Safaris, G Adventures, and various other eco-tourism, green tourism, soft tourism, and community-based tourism operators. Regulations and policies are crucial in this industry, ensuring sustainable practices such as minimizing environmental impact, respecting local communities, and promoting cultural awareness. The travel and tourism industry's continued growth, with millions of tourists from both emerging and developed economies, fuels the demand for sustainable tourism offerings. Companies in this market generate revenue through casinos and gaming, hotels, resorts and cruise lines, leisure facilities, and restaurants. Technavio forecasts that this market will experience growth due to the increasing emphasis on sustainable practices and the expanding travel and tourism industry.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
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