According to a new report, the global ecotourism market size was worth $181.1 billion in 2019 and is expected to reach $333.8 billion by 2027, registering a CAGR of 14.3% from 2021 to 2027. This growth is attributed to the increasing demand for travel to exclusive destinations, the proclivity towards discovery of flora and fauna, coral reefs, and unspoiled and untouched natural areas, and the growing focus on sustainability.
However, the growth of the market is hampered by the limited availability of lodging and the lack of quality and clean restaurants at some destinations. To address these challenges, public-private partnerships are being formed to support air routes to far-flung tourist spots, develop innovative transportation experiences, and make travel more accessible.
Ecotourism is a form of travel that places a high importance on the preservation and protection of the natural environment. Adhering to the principles of sustainable tourism, it aims to minimize negative impacts on the natural ecology. Ecotourism involves exploring remote and unspoiled areas where the emphasis is on the local wildlife, plant life, and cultural heritage.
The market encompasses spending by travelers from North America, Asia-Pacific, Europe, and LAMEA. It is important to note that the analysis of the ecotourism segment pertains specifically to global outbound travel.
