Thailand Sustainable Tourism Market to Witness Remarkable Growth with 17.8% CAGR by 2032 | FMI

The Thailand sustainable tourism market size is evaluated to reach US$ 24.6 Million in 2022. Sales in the Thailand sustainable tourism market are anticipated to expand at a strong 17.8% CAGR during the forecast years from 2022 to 2032.

The Tourism Authority of Thailand (TAT) estimated that the number of foreign tourist arrivals plunged by almost two-thirds to 14 million (decline by 65% year-on-year) in 2020. It was assumed that foreign visitors will return to Thailand in October 2020, while domestic tourism will start to improve in June or July 2020.

Participation of stakeholders in providing education to local people and strong relationships between the government and education & training centers are anticipated to create new growth opportunities for residents of Thailand. Besides, presence of a concrete legislation framework, excellent geographical locations, and ongoing development of the transportation sector are likely to drive the Thailand sustainable tourism market.

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Key Takeaways: Thailand Sustainable Tourism Market

  • Based on booking channel, the online booking segment is estimated to hold a major share of the Thailand sustainable tourism market in 2032.
  • By age group, the 26-35 years’ segment is set to remain at the forefront in the Thailand sustainable tourism market during the forecast period.
  • In terms of tour type, the package travelers segment is estimated to account for the highest share in the Thailand sustainable tourism market by 2032.
  • Smooth coordination between public and private sectors that involve every player in the industry is projected to boost the Thailand sustainable tourism market by 2032.
  • Rising need to ensure the viability of the Thailand sustainable tourism market by implementing a wide range of measures is set to aid growth.

“Increasing number of projects that are undertaken through public-private sector partnerships is expected to fuel the Thailand sustainable tourism market. In addition, habitat preservation activities and greater community-level involvement are anticipated to bode well for the market,” says a FMI analyst.

Competitive Landscape: Thailand Sustainable Tourism Market

Leading players in the Thailand sustainable tourism market are focusing on various promotional strategies such as posting creative ads on social media about attractive tourist spots in the country and providing huge discounts during off-seasons.

Major Key players 

  • Hivesters
  • Nutty’s Adventures
  • Courageous Kitchen
  • Hands Across the Water
  • Socialgiver
  • Local Alike
  • SiamRise Travel
  • Project Expedition
  • Rockjumper Birding
  • Discover Corps
  • Trunk Travel
  • Andaman Discoveries
  • Thailand Responsible Tourism Association (TRTA)
  • Experience Travel Group (ETG)
  • Others

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Get More Valuable Insights on Thailand Sustainable Tourism Market

Future Market Insights, in its new offering, provides an unbiased analysis of the Thailand sustainable tourism market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-to 2032.

The study divulges compelling insights on Thailand’s sustainable tourism market based by tourism type (eco-tourism, green tourism, soft tourism, and community tourism), booking channel (phone booking, online booking, and in-person booking), tourist type (domestic and international), tourist type (independent travelers, tour groups, and package travelers), consumer orientation (men and women), and age group (15-25 years, 26-35 years, 36-45 years, 46-55 years, and 66-75 years) across seven major regions.

Thailand Sustainable Tourism Market Outlook by Category

By Tourism Type:

  • Eco-Tourism
  • Green Tourism
  • Soft Tourism
  • Community Tourism

By Booking Channel:

  • Phone Booking
  • Online Booking
  • In-Person Booking

By Tourist Type:

  • Domestic
  • International

By Tour Type:

  • Independent Travelers
  • Tour Groups
  • Package Travelers

By 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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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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