Analysis of Ecotourism: Key Statistics, Impacts, and Future Trends
VerifiedAdded on Ā 2023/06/13
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Report
AI Summary
This report examines the ecotourism market, highlighting its size, key statistics, and various impacts. In 2019, the ecotourism market was valued at $181.1 billion and is projected to reach $333.8 billion by 2027. It generates approximately $77 million annually, representing 5-7% of the total travel and tourism market. The report discusses socio-cultural impacts, noting its role in promoting local culture while also acknowledging potential negative effects on social values. Economically, ecotourism boosts foreign exchange, GDP growth, and employment, but can also increase property values and create economic instability due to seasonality. Environmentally, it fosters appreciation for natural resources and supports conservation efforts, yet can disrupt wildlife and contribute to carbon emissions due to remote locations and transportation needs. The report references various sources to support its findings.
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