PUBLISHER: The Business Research Company | PRODUCT CODE: 1619573
PUBLISHER: The Business Research Company | PRODUCT CODE: 1619573
Ethno tourism community-based eco-tourism involves traveling to experience the culture and lifestyle of indigenous or local communities while promoting sustainable and environmentally friendly practices. This model provides a culturally enriching experience for visitors and supports environmental responsibility, benefiting both tourists and host communities.
The main types of ethno tourism community-based eco-tourism are domestic and international ethno tourism. Domestic ethno tourism refers to traveling within one's own country to engage with the cultural traditions and lifestyles of local ethnic or indigenous communities. It offers various types of accommodations, such as farm stays, cottage rentals, eco-lodges, and homestays. This type of tourism caters to different age groups, including those below 15 years, 16 to 25 years, 26 to 35 years, 36 to 45 years, 46 to 55 years, and above 55 years. It is popular among solo travelers, couples, families, and others.
The ethno tourism community based eco tourism market research report is one of a series of new reports from The Business Research Company that provides ethno tourism community based eco tourism market statistics, including ethno tourism community based eco tourism industry global market size, regional shares, competitors with a ethno tourism community based eco tourism market share, detailed ethno tourism community based eco tourism market segments, market trends and opportunities, and any further data you may need to thrive in the ethno tourism community based eco tourism industry. This ethno tourism community based eco tourism market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The ethno tourism community based eco tourism market size has grown rapidly in recent years. It will grow from $9.4 billion in 2023 to $11.24 billion in 2024 at a compound annual growth rate (CAGR) of 19.6%. The growth during the historic period can be attributed to increasing global interest in cultural heritage, heightened awareness of environmental issues, a growing desire for authentic travel experiences, the expansion of eco-friendly accommodations, and the rise of responsible travel practices.
The ethno tourism community based eco tourism market size is expected to see rapid growth in the next few years. It will grow to $23.1 billion in 2028 at a compound annual growth rate (CAGR) of 19.7%. The anticipated growth during the forecast period can be attributed to rising consumer demand for sustainable practices, enhanced community empowerment initiatives, innovations in eco-tourism technology, increasing global awareness of indigenous rights, and the ongoing growth of personalized travel experiences. Major trends expected to influence this period include the expansion of niche eco-tourism destinations, greater collaboration between tourism operators and local communities, increased demand for wellness and regenerative travel, a heightened focus on cultural authenticity and heritage preservation, and the development of low-impact travel technologies.
The growth of the tourism sector is expected to drive the expansion of the ethno-tourism and community-based eco-tourism market. The tourism sector encompasses businesses and services that facilitate travel and leisure, focusing on delivering memorable experiences and economic benefits. This sector's expansion is influenced by economic conditions and evolving cultural and social trends that shape traveler preferences and affect tourism success. As tourism grows, there is an increased demand for unique, authentic travel experiences that emphasize sustainability and cultural immersion. For example, a report from the United Nations World Tourism Organization in May 2023 highlighted that international tourist arrivals in the first quarter of 2023 surged to 80% of pre-pandemic levels, with approximately 235 million travelers, more than double the number from the same period in 2022. This growth in tourism is fueling the expansion of the ethno-tourism and community-based eco-tourism market.
Companies in the ethno-tourism and community-based eco-tourism market are increasingly offering ethical tours that allow travelers to explore destinations in a responsible manner. Ethical tours are designed to support responsible and sustainable tourism practices, focusing on the welfare of local communities, cultural preservation, and environmental conservation. For instance, in July 2022, Rabbie's Tours, a UK-based tour operator, in collaboration with VisitScotland, a UK national tourist board, introduced two sustainable and responsible travel experiences. These tours aim to provide sustainable travel opportunities and include the five-day Orkney & Scotland's Northern Coast tour, where guests can engage with locals committed to preserving Scotland's cultural heritage and visit notable sites such as Glencoe, Rannoch Moor, Loch Ness, Skara Brae, Ring of Brodgar, Culloden, and John o'Groats.
In August 2023, Intrepid Travel, an Australia-based travel company, purchased Daintree Ecolodge for $5 million. This acquisition supports Intrepid Travel's strategy to broaden its offerings beyond multi-day tours into the accommodation sector. The acquisition aims to enhance Intrepid Travel's brand, expand its range of products, and attract new customers. Daintree Ecolodge is an Australian boutique eco-resort specializing in ethno-tourism and community-based eco-tourism.
Major companies operating in the ethno tourism community based eco tourism market are Marriott International Inc., Booking Holdings, Expedia Group Inc., Hilton Worldwide Holdings, Airbnb Inc., InterContinental Hotels Group (IHG), Accor SA, Trip, American Express Global Business Travel, Blue Yonder Inc., G Adventures, Natural Habitat Adventures, TourRadar GmbH, Intrepid Group Limited, Indiahikes, Mountain Travel Sobek Co., Rainforest Expeditions Lodges, Spring Valley Farms LLP, Responsible Travel, Elevate Destinations, Grassroutes Journeys Pvt Ltd., NotOnMap, Sumak Sustainable Travel Ltd., Sacred Earth Journeys Ltd., Wildland Adventures
Asia-Pacific was the largest region in the ethno tourism community based eco tourism market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the ethno tourism community based eco tourism market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the ethno tourism community based eco tourism market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The ethno tourism community based eco-tourism market includes revenues earned by entities by wildlife and nature tours, cultural tours, and sustainable transport options. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Ethno Tourism Community Based Eco Tourism Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on ethno tourism community based eco tourism market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for ethno tourism community based eco tourism ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The ethno tourism community based eco tourism market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.