Venturing Beyond: The Rising Tide of Alternative Tourism Market Predicted to Hit US$ 133 Billion by 2032 | FMI

Alternative Tourism Market
Alternative Tourism Market

The alternative tourism market is calculated to reach US$ 98 Billion in 2022. As per the report, sales are predicted to growat a robust 3% CAGR, with the market valuation attaining US$ 113 Billion by 2032.

People want to stand out, to do something different from what everyone else is doing, and to be recognised as unique individuals. Every year, the tourism sector promotes the same destinations to the travellers. People have done a lot of it already. A change from mass tourism to alternative tourism is occurring as a result of traveller’s constant search for novel experiences. This entails travelling to lesser-known destinations or undertaking activities that are uncommon for tourists, such as volunteering abroad or taking an unusual road trip. Alternative tourists have the perfect playground in cities that are now unspoiled by tourism.

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Alternative tourists frequently make more thoughtful decisions while making their vacation plans. They gain unique experiences, create priceless memories, and accomplish all of this in a way that is significantly more sustainable than when they participate in mass tourism. This has caused upsurge in the alternative tourism market as more and more travellers are searching more different but exciting options of travel. This trend is expected to continue in future times and hence, aid the growth of alternative tourism market.

“Government bodies taking constant efforts for uplifting the distinct types of tourism in their region while travellers wanting to explore new forms of tourism will help the sector’s growth” Says an FMI analyst.

Key Takeaways:

  • Based on Tourism type, Ecotourism is predicted to account for a dominant share of Travelers in the market through 2032.
  • By booking channel, the online booking segment is anticipated to hold a noteworthy share of nearly ~75%.
  • Based on packages, Alternative tourism will experience an upsurge in independent travelers.
  • In terms of age group, 36-45 years and 46-55 years will be the major participants of Social Tourism.
  • Based on packages, Alternative tourism travelers will continue to opt packaged deals over the normal travel deals.

Leading players in Alternative Tourism Market:

  • Eurostar
  • SNCF
  • Deutsch Bahn
  • FlixTrain
  • Trenitalia
  • Renfe
  • Bouteco
  • Kind Traveler
  • Responsible Travel
  • Wild Frontiers Adventures Travel
  • Wilderness Holding Limited
  • Beyonder Experiences
  • Intrepid
  • Explore Tours
  • Exodus Travels
  • G. adventures
  • On-the-go Tours
  • Maharashtra Tourism
  • Lupine Travel Company
  • Chornobyl Tours
  • Dark tourism
  • Young pioneer tours
  • Aero travels
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Alternative Tourism Market by Category

By Type, Alternative Tourism Market is segmented as:

  • Ecotourism
  • Dark tourism
  • Volunteer tourism
  • Rural tourism
  • Others

By Booking Channel, Alternative Tourism Market is segmented as:

  • Phone Booking
  • Online Booking
  • In Person Booking

By Tourist Type, Alternative Tourism Market is segmented as:

  • Domestic
  • International

By Tour Type, Alternative Tourism Market is segmented as:

  • Independent Traveler
  • Tour Group
  • Package Traveller

By Age Group, Alternative Tourism Market is segmented as:

  • 15-25 Years
  • 26-35 Years
  • 36-45 Years
  • 46-55 Years
  • 66-75 Years

By Region, Alternative Tourism Market is segmented as:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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