IMARC Group, a leading market research company, has recently released a report titled "SAVE Tourism Market Report by Type (Scientist, Academic, Volunteer, Education), Sales Channel (Travel Agent, Online), and Region 2024-2032". The study provides a detailed analysis of the industry, including the save tourism market trends, size, share and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global SAVE tourism market size reached US$ 78.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 125.3 Billion by 2032, exhibiting a growth rate (CAGR) of 5.13% during 2024-2032.
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Factors Affecting the Growth of the SAVE Tourism Industry:
- Rapid Technological Advancements:
The advent of innovative solutions such as virtual reality (VR) and augmented reality (AR) that allow potential travelers to experience destinations digitally before committing to a trip is one of the major factors boosting the market growth. Additionally, the rise of mobile apps and online platforms that streamline the booking process, making it easier for travelers to find sustainable options and eco-friendly accommodations, is acting as a growth-inducing factor. They provide detailed information about the environmental practices of hotels and tour operators, allowing consumers to make informed decisions that align with their values. Moreover, rapid advancements in transportation technology, such as electric and hybrid vehicles, that make travel more sustainable while reducing the carbon footprint are fueling the market growth.
- Growing Environmental Awareness:
The increasing awareness of environmental issues is a major driver enhancing the market growth. In line with this, the rising concern over climate change, biodiversity loss, and pollution, prompting travelers to seek ways that minimize their impact on the planet, is anticipated to drive the market growth. Moreover, the introduction of eco-friendly accommodations, such as green hotels and eco-lodges, that implement energy-saving measures, reduce water usage, and manage waste more effectively is providing a thrust to the market growth. Additionally, the increasing demand for sustainable travel experiences, such as wildlife conservation tours and community-based tourism, is catalyzing the market growth.
- Rising Focus on Economic Benefits of Sustainable Tourism:
The growing awareness about the economic benefits of sustainable tourism is positively impacting the market growth. Sustainable tourism helps preserve natural and cultural resources by promoting responsible travel practices which ensures long-term economic viability for destinations. Moreover, local communities benefit from sustainable tourism through job creation and income generation. Along with this, the introduction of community-based tourism initiatives that involve local residents in the management and operation of tourism activities, providing them with direct economic benefits, is favoring the market growth. Additionally, it attracts a niche market of environmentally conscious travelers who are willing to pay a premium for eco-friendly experiences.
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SAVE Tourism Market Report Segmentation:
By Type:
- Scientist
- Academic
- Volunteer
- Education
Academics accounted for the largest market share due to the high demand for educational travel programs that focus on sustainability and environmental studies.
By Sales Channel:
- Travel Agent
- Online
Travel agent represented the largest segment as they provide personalized services and expert knowledge on sustainable travel options.
Regional Insights:
- North America
- United States
- Canada
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Europe’s dominance in the SAVE tourism market is attributed to its well-established infrastructure, strong regulatory framework for sustainability, and high consumer awareness regarding eco-friendly travel.
Global SAVE Tourism Market Trends:
The rise of regenerative tourism which involves travelers participating in activities that contribute to the ecological and social health of a destination, such as reforestation projects, wildlife conservation efforts, and community development initiatives, is acting as a growth-inducing factor. Moreover, the development of carbon-neutral travel options, increasing the demand for travel methods that offset or eliminate their carbon footprint, is catalyzing the market growth. Additionally, the burgeoning integration of smart technologies in tourism, such as the Internet of Things (IoT) and artificial intelligence (AI), that enhance the efficiency and sustainability of tourism operations is fueling the market growth.
Top Companies Operated in SAVE Tourism Industry:
- Abta Ltd.
- Attitude Hospitality Ltd.
- Bookdifferent
- Deutsche Gesellschaft für Internationale Zusammenarbeit
- Fair Trade Tourism
- The travel foundation
- Tui Group
Key Highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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