Monday, September 9, 2024 The global sustainable tourism market is set to grow from $250 billion in 2023 to an estimated $450 billion by 2030, with a Compound Annual Growth Rate (CAGR) of 14.8% between 2024 and 2030, according to HTF Market Intelligence Consulting. The study highlights the market’s key players, such as TUI Group (Germany), AccorHotels (France), Marriott International (United States), and Radisson Hotel Group (Belgium).
These companies are contributing to the shift towards sustainable tourism practices. Market Overview Sustainable tourism aims to balance economic growth, environmental conservation, and cultural heritage preservation while benefiting local communities. This approach includes minimizing tourism’s negative impacts and maximizing its positive effects on local economies and ecosystems.
The demand for authentic and eco-friendly experiences continues to grow as consumers seek responsible tourism options. Key Market Drivers Opportunities Market Segmentation Dominating Region: Europe Fastest Growing Region: Asia-Pacific The market report also offers detailed insights into the challenges and opportunities shaping the future of sustainable tourism. With growing consumer awareness, tourism businesses are encouraged to adopt eco-friendly practices, reduce their carbon footprints, and promote cultural diversity.
Key Players in Sustainable Tourism These major companies are paving the way for sustainable tourism by promoting responsible travel practices that benefit both travelers and local communities..
