As per newly released data by Future Market Insights (FMI), the Responsible Tourism Market is estimated at USD 244.6 billion in 2023 and is projected to reach USD 413.3 billion by 2033, at a CAGR of 5.4% from 2023 to 2033.
Awareness Regarding Environmental Issues Has Helped in Boosting the Market.
The rising concerns of environmental issues like deforestation, climate change, marine pollution, and air pollution among the general population have led to a rise in responsible tourism. The need to counter these effects has made tourists practice environmentally responsible activities with the least negative impact on the environment.
Studies have found that ecologically responsible tourism has a greater impact on tourists' satisfaction and the perceived image of the destination. Domestic tourism demand has increased due to tourists preferring to travel using less polluting transportation to lower their carbon footprint.
The firms have started taking notice of these trends and are offering packages for the consumers to practice environmentally safe and responsible tourism. It is expected to help boost the market.
Reinvigorating Local Economies Has Been a Driving Factor in the Global Market.
Increasingly depleting rural economies across the globe have been a problem for many world authorities; one of the possible solutions to reinvigorate these economies is to increase tourism activities and bring in consumers that spend in the local economy, giving a boost to local businesses, employment, and help eradicate poverty.
To do this, the tourists in the global market focus on buying from local shops, staying at local hotels or lodges, eating at local restaurants, and using locally backed transport. All these practices help increase the money supply in these local economies, which in turn helps them better their positions as tourist destinations.
| Attributes | Details |
|---|---|
| Market CAGR (2023 to 2033) | 5.4% |
| Market Valuation (2023) | USD 244.6 billion |
| Market Valuation (2033) | USD 413.3 billion |
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The market is expected to grow at a steady rate of 5.4% CAGR during the forecast period. Several reasons are contributing to this growth rate. One of the primary reasons is the widespread awareness regarding sustainable actions and the need for environment-friendly practices around the globe. The market secured a valuation of USD 198.6 billion in 2018 and USD 240.2 billion in 2022, with a CAGR of 4.9%.
The three main aims of responsible tourism are to create social responsibility, environmental responsibility, and economic responsibility. These aims are there for tourists to enjoy and experience a fulfilling experience and create economic and social welfare for the local citizens. These factors are expected to keep driving the market forward. Thus, the outlook for the market looks positive and steady.
Environmentally responsible tourism is highly popular in the market.
The market mostly attracts tourists looking to get a unique experience from these tours, highly preferably in a place closer to nature. Environmentally responsible tourism has been a major trend among younger travelers.
Booking eco-friendly hotels, not littering, using public transport, etc., are some practices. The need for environmentally sustainable tourism has made the 'Environmentally beneficial' tourism type popular in the market.
Packaged traveling is the most preferred option in the market.
Packaged traveling is estimated to secure a share of 45.5% in the global market during the forecast period. With several businesses providing various services and all-inclusive packages, the 'Packaged Traveller' category has become dominant in the Tour Type segmentation.
The companies provide responsible tourist packages with various activities, destinations, and price points, which helps suit the needs of most clientele without requiring them to use various channels for various services and saving them time and money. Consequently, packaged tourists have become typical in the responsible tourism industry.
Online booking channels are preferred due to their hassle-free experience.
The market has benefited from the rise in companies and other responsible tourism service providers with an internet presence. Nowadays, customers prefer making their travel and tour reservations online because it is easier and more comfortable.
The online booking channels segment has grown significantly in the booking channel category because of the ability to select from hundreds of travel packages without making calls or contacting several businesses. Due to these reasons, online booking is the most popular method in the market.
| Countries | Forecast Value Share Between 2023 to 2033 |
|---|---|
| United States | 11% |
| Germany | 7% |
| Japan | 9.5% |
| Australia | 9.7% |
| Countries | Forecast CAGR Between 2023 to 2033 |
|---|---|
| China | 11.5% |
| India | 8.0% |
| Australia | 6.3% |
The Indonesian Government is taking special initiatives to develop designated spots for responsible tourism.
The Indonesian Government plans to develop the tourism market in the country with the help of responsible and sustainable activities. The Government of Indonesia plans to improve its economy through tourism and decrease unemployment and poverty.
Planning on doing it sustainably and environmentally friendly, where the country's image can benefit positively, is estimated to drive the market even further.
The Government also plans to implement a special initiative to turn 10 locations across the country into tourist spots, where tourists can mingle with the local culture while contributing to their betterment.
Vibrant local culture and social integration drive the market in Mexico.
The vibrant local culture of Mexico, along with interesting traditions and the hospitality of the locals, have been beneficial for the market of the country. It and the plethora of local businesses and restaurants in Mexico offer visitors unique experiences and a wonderful experience.
The Government of Mexico is also actively trying to improve its economy through tourism; they are using these factors to promote and advertise its tourism industry in the global market. The market in Mexico is expected to grow healthy during the forecast.
Eco-friendly restaurants and hotels are increasing in New Zealand.
New Zealand's tourism department aims to capitalize on tourists' contributions and maximize both domestic and foreign visitors' influence by offering an eco-friendly travel experience. Tourism has created more jobs, which has also improved the country's reputation abroad and helped conserve its natural and cultural resources.
Businesses in New Zealand are becoming more frequently Green Globe Certified or Benchmarked. Even though there are more community projects and sustainable tourism businesses in New Zealand, there aren't many hotels or resorts that only provide organic food.
With increasing consumer demand for responsible tourism, the firms operating in the market are looking to get certified as responsible tourism practices. The firms are also looking to provide customers with packages to destinations that are uncommon as tourist destinations.
Other Essential Players in the Global Market are:
For Instance:
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| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD billion for Value |
| Key Countries Covered | United States, United Kingdom, Japan, India, China, Australia, Germany |
| Key Segments Covered | Benefit Type, Booking Channel, Tourist Type, Tour Type, Age Group, Consumer Orientation, Region |
| Key Companies Profiled | Intrepid Travel; Much Better Adventures; Undiscovered Mountains; Adventure Alternative; Justice Travel; Global Himalayan Expedition; European Safari Company |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The responsible tourism market is predicted to expand at a 5.4% CAGR through 2033.
Environmental tourism sector drives the responsible tourism market.
The responsible tourism market is expected to surpass USD 413.3 billion by 2033.
The responsible tourism market is anticipated to be USD 244.6 billion in 2023.
The United States is dominating the global responsible tourism market by 2033.
The market is valued at USD 244.6 billion in 2023.
The market held a 4.9% CAGR from 2018 to 2022.
The market is estimated to register a 5.4% CAGR through 2033.
The market is estimated to reach USD 413.3 billion by 2033.
The United States market is estimated to register an 11% CAGR through 2033.
| Market Size (2023) | USD 125.5 million |
|---|---|
| Market Size (2033) | USD 224.7 million |
| Market CAGR (2023 to 2033) | 6% |
| Expected Market Value (2023) | USD 338.4 billion |
|---|---|
| Projected Forecast Value (2033) | USD 1,491.5 billion |
| Anticipated CAGR (2023 to 2033) | 1 6.2% |
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