Community-based tourism valued $575.9 billion in 2022

Saturday, December 9, 2023

The community-based tourism segment was worth $575.9 billion in 2022, and is expected to go up to $2136.8 billion by 2032, increasing at a CAGR of 14.1% from 2023 to 2032. The study offers a comprehensive study of the topmost investment pockets, best engaging strategies, drivers & prospects, market size & estimates, economical backdrop and varying market tendencies.

Sustainable tourism comprises community-based tourism (CBT). It includes locals in every aspect of the tourism understanding. It places an important weight on the conservation of traditional inheritance, safeguard of the background and empowerment of locals while delivering travelers sincere and immersive traditional experiences. Local participation is fundamental to CBT, with inhabitants energetically backing decision-making, scheduling and the managing of tourism-connected happenings.

Furthermore, CBT endeavors to make an engaging state of affairs where travelers gain from enriching experiences and communities thrive financially and socially by prioritizing on financial rewards for the community, eco-friendly maintenance and the protection of ethnic cultures. This technique of tourism has enticed responsiveness for its capability to lessen insufficiency, progress decent travel behaviors and create a better understanding of several cultures.

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