The India sustainable tourism market size is projected to be valued at US$ 26.01 Mn in 2022 and is anticipated to reach US$ 151.88 Mn by 2032, with a rapid CAGR of 19.3% from 2022 to 2032.
The demand for sustainable tourism in India is increasing as the country promotes resource conservation, regional culture and tradition, and economic progress. These factors are essentially increasing India sustainable tourism market share.
Extraordinary nature, the environment, cultural tradition, heritage, and a variety of other factors are expected to drive the India sustainable tourism market size over the forecast period. India is surrounded by southern tropical forests and the northern Himalayan peaks.
Furthermore, India has a wide variety of natural habitats, including hundreds of kilometres of coastline dotted with magnificent beaches and mangroves. As a result, sustainable tourism is gaining popularity in India.
The tourism industry’s approach to inclusive, long-term development is particularly important for livelihoods. India is a famous tourist destination on a global scale due to its enormous diversity. As a result, ensuring the tourism sector’s long-term viability is crucial. Most countries consider sustainable tourism as a vital trend for the tourism industry’s future.
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Furthermore, India is a huge country with beautiful and peaceful landscapes, as well as cultural and historical assets, which is one of the elements fuelling India’s sustainable tourism market growth. It is essentially a country offering tourist spots for all types of visitors. The tourist industry is the most active and contributes to global economic growth and recovery by assisting many other businesses such as lodging, catering, transportation, retail, and entertainment.
Due to COVID-19, tourism businesses have suffered significantly as a result of the outbreak, which has resulted in a significant drop in both tourists and revenue. All firms have had to undergo considerable modifications in order to continue to operate. However, as the situation stabilizes, India’s sustainable tourism market is anticipated to grow.
Key takeaways
- Middle-aged people that are 26-35 age group segment will continue to hold the highest share in traveling in the forecast.
- The domestic tourist segment will remain high in the tourist type category over the forecast period.
- Indian government is highly involved in sustainable tourism and the government is launching a new strategy and plan to make the country sustainable.
- In terms of tour type, the package travellers are estimated to account for the relatively highest value share in the Indian sustainable tourism market
- The online booking segment is estimated to hold a major share in the sustainable tourism market for travellers in India. Travelers prefer online booking because is feasible and even get more offers and discounts in online booking
“India is a country with a tapestry of intercultural experiences, as well as the world’s oldest civilization with countless attractions, which is driving the regional sustainable tourism market share.“-FMI analyst
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Competition Landscape of India Sustainable Tourism Market
Leading companies providing India sustainable tourism are focused on maintaining sustainable tours and eco-friendly practices during the trip, advertising popular tourist destinations in India, and new offers that have driven sales growth of sustainable tourism in India.
Major leading companies providing sustainable tourism in India are Spiti Ecosphere, Tons Trails, Exo Travel, Travelife, Asian adventures, Sky view by Empyrean, Green People, Evolve Back, Himalayan Ark, Kipepeo, Desia Ecotourism, Grassroutes Journeys, and India untraveled.
Recent Developments in the India Sustainable Tourism Market:
- Greeves India, an Indian travel firm, is offering a chance to stay at the most exquisite resorts in India for a fraction of the price.
- Sky view by Empyrean announced the introduction of a new premium boutique accommodation service for travellers on October 20, 2021.
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India Sustainable Tourism Market by Category
By Tourism Type :
- Eco-Tourism
- Green Tourism
- Soft Tourism
- Community Tourism
By Booking Channel :
- Phone Booking
- Online Booking
- In-Person Booking
By Tourism Type :
- Domestic
- International
By Tourist Type:
- Independent Traveler
- Tour Group
- Package Traveler
Consumer Orientation:
- Men
- Women
By Age Group:
- 15-25 Years
- 26-35 Years
- 36-45 Years
- 46-55 Years
- 66-75 Years
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