The global ecotourism market garnered $92.2 billion in 2019, and is estimated to generate $103.8 billion by 2027, manifesting a CAGR of 2.5% from 2021 to 2027, says a report.
The Allied Market Research report says 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…
