The New Zealand sustainable tourism market is estimated to reach a valuation of USD 8.1 Million in 2022. With the growing popularity of sustainable travel, sales in New Zealand's sustainable tourism market are forecast to increase at a robust 16.3 % CAGR during the forecast period (2022 to 2032).
Attribute | Details |
---|---|
New Zealand Sustainable Tourism Market Estimated Size (2022) | USD 8.1 Million |
Value-based CAGR (2022 to 2032) | 16.3 % |
Top Players Share in 2021. | X% |
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New Zealand is an island country molded of two main islands and 700 smaller islands. It has 13 national parks, and reserves cover nearly one-third of the country's land area.
Many tourism enterprises in New Zealand are adopting sustainable methods to ensure that both environment and natural resources are cared for and treated in a way that future generations will be able to enjoy them.
Various initiatives and commitments are being launched to promote tourism which is economically viable and does not impact the resources on which the future of tourism will depend. One such commitment is the Tiaki Promise.
The Tiaki Promise is a commitment to care for New Zealand, for now, and for future generations. It is a commitment that people will act as a guardian, protecting and preserving their homes (New Zealand). It ensures that people will take care of lands, sea, and nature, respect the culture and local comminutes, and travel with an open heart and mind.
Visitors get attracted to New Zealand, due to spectacular alpine scenery, overwhelming physical beauty, vibrant Polynesian culture, extreme sports, quality and freshness of cuisine, and pleasant, and cool citizens.
New Zealand's economic prosperity is largely based on tourism. It is the country's most important export industry. New Zealand provides a distinct visitor experience and has more affordable and direct flights, attracting more middle-class visitors. The country has a reputation for being a safe location, free of all kinds of conflicts that plague many other tourist sites across the world.
All these factors will push the demand for sustainable tourism in New Zealand to grow at a stupendous CAGR of 16.3% during the forecast period (2022 to 2032).
Growing Awareness About the Benefits of Sustainable Tourism Augmenting Growth in the Market
Today, most people are looking for sustainable trips to make the world more sustainable. They have become aware of the economic, social, and environmental benefits of sustainable tourism.
The factor driving tourist propensity is rising disposable income, which has increased people's desire to travel to beautiful and environmentally favorable locations. As New Zealand is a country with a diverse natural environment, including mountains, lakes, beaches, woods, and farmlands, among other things, people are looking for eco-friendly destinations with affordable rates in New Zealand. This is spurring the growth of the sustainable tourism industry in the country.
Similarly, the availability of direct flights at affordable prices and massive development in volunteer programs with a sustainability focus is driving sustainable tourism in New Zealand.
There are many opportunities to participate in replanting initiatives, track, and path construction projects, native bird breeding programs, organic agricultural work, and more in New Zealand. This, together with the above-mentioned factors, will propel New Zealand's sustainable tourism economy forward during the next decade.
Increasing Recreational Activities to Boost the Sustainable Tourism Industry in New Zealand
New Zealand Tourism has a unique approach to sustainability based on the traditional Maori principles of hospitality and guardianship i.e., welcoming visitors while protecting both culture and environment.
The country’s tourism department is aiming to enrich New Zealand by capitalizing on the contribution of visitors and delivering this by maximizing the influence of domestic and international.
With the rise in popularity of recreational activities and the growing trend of eco-tourism, both government and eco-tourism companies are focused on providing an eco-friendly travel experience to visitors.
Tourism has helped the nation create more jobs, preserve its natural and cultural assets, and boost its standing internationally. A growing number of New Zealand businesses are becoming Green Globe Certified or Benchmarked.
Providing Better Eco-Friendly Travel Experience to Visitors Remains a Top Priority for New Zealand Government
As per FMI, the New Zealand Sustainable tourism market is expected to grow at a CAGR of 16.3 % over the forecast period.
The government of New Zealand has launched a lot of programs aiming at the sustainability of and maintaining a green and eco-friendly country. It has taken various steps to promote the growth of sustainable tourism in the country.
For instance, in 2019 a sustainable growth framework Tourism 2025 & Beyond was released in New Zealand to provide a clear pathway towards a sustainable tourism industry for Aotearoa New Zealand.
The Tourism Strategy for New Zealand-Aotearoa outlines a more deliberate and active role for the government in tourism. Tourism operators and organizations are also collaborating more closely with central and local governments to address issues regarding camper and motorhome garbage disposal, as well as tourists' access to local recycling programs.
Similarly, the Tourism Attraction Program, a new cross-agency government program launched by New Zealand's Tourism Department, intends to increase private investment in New Zealand's tourism attractions.
Online Booking Remains the Most Preferred Booking Channel by Tourists
Tourists prefer to book their sustainable tour through online booking mode. This is to provide hassle-free, digital payment transfer, live tracking, and enhanced security features offered by this booking channel.
Online booking is becoming an increasingly popular approach worldwide, as travelers can use the internet to search and compare information about vacation spots, accommodations, restaurants, and more.
The popularity of New Zealand Sustainable Tourism Among the 26-35 Age Group Will Remain High
As per FMI, the 26- 35 age group people are more likely to travel to New Zealand during the forecast period. This is due to the fact that people of this age group are ready to travel and explore islands and new adventures like scuba diving, water rafting, kayaking, surfing, etc. They also prefer to visit popular sites according to destination rating.
Package Travel is mostly preferred by the consumer
Packaged travel is mostly chosen by tourists because it is cheaper than traveling individually. Packaged travel includes expenses of accommodations, transportation, and sight entrance fee with heavy discounts and offers.
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Major companies operating in New Zealand are focusing to make the country more sustainable. As a result, they are adopting various strategies such as mergers, acquisitions, advertisements, etc. Similarly, New Zealand’s government is continuously launching new initiatives and programs to promote eco-friendly and sustainable tourism in the country.
For Instances:
In December 2020, The New Zealand Government announces a carbon-neutral government program. The Carbon Neutral Government Program aims to accelerate government emission reductions and work towards carbon neutrality by 2025.
In March 2022, Air New Zealand announced that it will only sell Qualmark-certified activities and attractions in recognition of its quality, safety, and sustainability efforts.
Companies like Aroha Tours pull everything together to bring visitors the very best of New Zealand, from luxurious private lodges to extraordinary cuisine. They have shifted their focus towards sustainability.
Similarly, new startups are penetrating the New Zealand Sustainable Tourism Market. They are looking for innovative approaches to facilitate sustainability. For instance, in 2020 Kiwi Welcome, a Queenstown-based start-up created a new model of sustainable travel where visitors add value to the land
Attribute | Details |
---|---|
Estimated Market Size (2022) | USD 8.1 Million |
Projected Growth Rate (2022 to 2032) | 16.3% CAGR |
Forecast Period | 2022 to 2032 |
Historical Data Available for | 2017 to 2021 |
Market Analysis | USD Million for Value |
Key Region Covered | Oceania |
Key Countries Covered | New Zealand |
Key Segments Covered | Tourism Type, Booking Channel, Consumer Orientation, Tourist Type, Tour Type, Age Group, and Region. |
Key Companies Profiled | Aroha Tours; Flying Kiwi; Tuatara Tours; Pure Trails; Air New Zealand; Tourism New Zealand; Active Adventures; Bush and Beach; New Zealand Encounters and Travel Ltd; Hiking New Zealand; Zealandier Tours; Guest New Zealand; Queenstown; Haka tourism group |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The New Zealand sustainable tourism market is expected to reach a valuation of USD 8.1 Million in 2022.
The New Zealand sustainable tourism market is anticipated to expand at a 16.3 % CAGR over the forecast period.
Leading players operating in the New Zealand tourism market are Aroha Tours, Flying Kiwi, Tuatara Tours, Pure Trails, Air New Zealand, Tourism New Zealand, Active Adventure, Bush, and Beach, New Zealand Encounters and Travel Ltd, Hiking New Zealand, Zealandier Tours, Guest New Zealand, Queenstown, Haka tourism group.
The New Zealand sustainable tourism market grew at a CAGR of 12.4 % between 2017 and 2021.
1. Executive Summary 2. Market Introduction 3. Sustainable Tourism Industry Analysis 4. Market Dynamics 5. Categorizing of Market, 2021 6. Social Media Sentimental Analysis 7. Competition Analysis 7.1. Aroha Tours 7.2. Flying Kiwi 7.3. Tuatara Tours 7.4. Pure Trails 7.5. Air New Zealand 7.6. Tourism New Zealand 7.7. Active Adventures 7.8. Bush and Beach 7.9. New Zealand Encounters and Travel Ltd 7.10. Hiking New Zealand 7.11. Zealandier Tours 7.12. Guest New Zealand 7.13. Queenstown 7.14. Haka tourism group 7.15. Others (As per request) 8. Assumptions and Acronyms Used 9. Research Methodology
Travel and Tourism
May 2024
REP-GB-15322
333 pages
Travel and Tourism
May 2024
REP-GB-15335
324 pages
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