Industry Background:
Geotourism is associated with geological attractions and destinations which include islands, volcanoes, adventure, and other natural and historical places. The main purpose of geotourism is to increase environmental awareness and protect resources through conservation.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | GeoWorld Travel (United Kingdom), JTB Americas Group (United States), Natural Habitat Adventures (United States) and Omega World Travel (United States) |
According to AMA, the market for Geotourism is expected to register a CAGR of 6.0% during the forecast period to 2030. This growth is primarily driven by Increasing Initiatives to Promote Geotourism Sectors with The Help of Digital Devices and Increasing Disposable Income and Preference for Geotourism to Gain Knowledge and Skills.
Globally, a noticeable market trend is evident Emerging Trend of Adventure Sectors in Youth Major Vendors, such as GeoWorld Travel (United Kingdom), JTB Americas Group (United States), Natural Habitat Adventures (United States) and Omega World Travel (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.
Key Developments in the Market:
On August 9, 2023, Intrepid Travel, a global adventure travel company, announced a strategic partnership with WildChina, a leading travel company specializing in China. The partnership will allow Intrepid Travel to offer more tours and experiences in China, while WildChina will gain access to Intrepid Travel's global network of travelers.
On October 25, 2023, National Geographic Expeditions launched a new line of "Ultimate Journeys" tours, which are designed for travelers who want to experience the world in a more immersive way. The tours include activities such as wildlife viewing, cultural immersion, and hands-on conservation work.
Influencing Trend:
Emerging Trend of Adventure Sectors in Youth
Market Growth Drivers:
Increasing Initiatives to Promote Geotourism Sectors with The Help of Digital Devices and Increasing Disposable Income and Preference for Geotourism to Gain Knowledge and Skills
Restraints:
The Impact of Covid-19 Outbreak on Tourism and Travel Industry Can Restraint the Geotourism Market
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Geotourism Market
- Analysis about New Entrants in Geotourism Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Geotourism Study Sheds Light on
The Geotourism Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Geotourism industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Geotourism industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.