Global eco-tourism market to reach USD 103bn by 2027

Dubai : The global ecotourism market garnered USD 92.2 billion in 2019, and is estimated to generate USD 103.8 billion by 2027, manifesting a CAGR of 2.5 per cent from 2021 to 2027, said the Allied Market Research report.
It added that increase in travel and tourism to unique destinations, inclination toward exploration of wildlife, coral reefs, and pristine undisturbed natural areas, and surge in focus on sustainability drive the global ecotourism market.
However, low availability of accommodation and limited availability of quality and hygienic restaurants at destinations hinder the market growth. On the other hand, public-private partnerships in the form of subsidising air routes to remote tourist destinations, improvement of transport capabilities, and providing ease of access create new opportunities in the coming years, said the report.
Surge in travel and tourism toward unique attractions, preference for exploration of wildlife, coral reefs, and remote natural areas, and focus on sustainability fuel the global ecotourism market. However, lack of proper accommodation and scarcity of quality and hygienic restaurants at destinations restrain the market growth, it said.
Asia-Pacific held the largest share in terms of revenue in 2019, accounting for nearly two-fifths of the global ecotourism market, and will maintain its dominance in terms of revenue by 2027.