The Worldwide Sustainable Tourism Market - Forecast to 2023 with Bouteco, Kind Traveler PBC, Responsible Travel, Wild Frontiers Adventure Travel, and Wilderness Leading the Competition

World News: . []

Dublin, April 17, 2019 (GLOBE NEWSWIRE) -- The report has been added to offering.The sustainable tourism market will register a CAGR of over 10% by 2023. The huge shift from traditional traveling to authentic and local travelling experiences with the changing tourist preferences has been identified as one of the critical reasons that will drive the sustainable tourism market.Tourists are undertaking adventure trips in public transport instead of taxis, purchasing local products instead of souvenirs, and dining at restaurants that uses local and low-impact primary ingredients such as honey, cheese, and meat. This is one of the most significant aspects of sustainable tourism as it is supported by the growing awareness of environmental impacts of tourism.One of the growth drivers of the global sustainable tourism market is the shifting preference toward local and authentic experiences. The preference of several tourists is shifting from traditional traveling to local and authentic traveling experiences which is expected to drive the market during the forecast period.One of the challenges in the growth of the global sustainable tourism market is the high cost associated with green travel. Sustainable tourism is expensive compared with traditional tourism which is expected to hinder the growth of the market.The market appears to be moderately fragmented and with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.

For more information about this report visit


CONTACT: ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Travel and Tourism

More news and information about Research and Markets

Published By:

Globe Newswire: 09:52 GMT Wednesday 17th April 2019

Published: .

Search for other references to "worldwide" on SPi News


Share

Previous StoryNext Story

SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2019. [Admin Only]
 
Sector Publishing Intelligence Ltd.
Agriculture House, Acland Road, DORCHESTER, Dorset DT1 1EF United Kingdom
Registered in England and Wales number 0751938.
 
Privacy Policy | Terms and Conditions | Contact Us