The global eco-tourism industry has been experiencing robust growth over the past few years. The increasing awareness about environmental conservation and the growing interest in experiencing and learning about nature among the global population have chiefly fueled this trend. According to a report by Allied Market Research, the eco-tourism market was valued at $181.1 billion in 2019 and is projected to reach $333.8 billion by 2027, growing at a compound annual growth rate (CAGR) of 14.3% from 2021 to 2027.
Eco-tourism businesses operate within a niche market within the broader tourism industry. They specialize in offering experiences that not only allow travelers to enjoy natural and often pristine destinations but also educate them about the importance of conservation efforts. This sector is characterized by small to medium-sized businesses that offer customized and personalized experiences, focusing on sustainability and responsibility.
However, like all sectors within the tourism industry, eco-tourism has been significantly impacted by the COVID-19 pandemic. Travel restrictions and lockdown measures have led to a sharp decline in tourism activities. However, as the situation improves and travel restrictions are lifted, the eco-tourism market is expected to recover and continue its growth trajectory, driven by the growing global trend towards sustainable travel and increased interest in nature-based tourism post-pandemic.
Eco-tourism businesses provide travel experiences which aim to have a low impact on the environment and local culture, while helping to generate income, employment, and the conservation of local ecosystems. etc., in a way that minimizes impact on the environment and educates participants about local ecology and conservation efforts. Activities could include:
- hiking,
- biking,
- kayaking,
- bird watching.