Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Ecotourism refers to the holidaying in a natural environment without damaging the environment or disturbing habitats. It is a part of environmental conservation and understanding the needs of people and improve their life of quality. Moreover, ecotourism also involve understanding and learning of the history of the other cities and countries and protecting the historical landmarks.
The GCC Ecotourism market is projected to surpass US$ 630.0 million by the end of 2027, in terms of revenue, growing at CAGR of 3.3% during the forecast period (2020 to 2027).
Growing preferences among travel lovers for ecotourism in GCC countries is primarily fueling the market growth of ecotourism. According to World Travel and Tourism Council (WTTC), in Saudi Arabia, the total contribution of travel and tourism was 154.1 billion dirhams (US$ 41.95 billion) or 11.3% of GDP in 2017. It is forecast to rise by 4.9% in 2018. By 2028, the sector will represent 10.6% of GDP. Thus, growing ecotourism in the GCC region is expected to propel the market growth.
Many GCC countries are converting their cities into a tourist destination is expected to propel the market growth of ecotourism. Dubai, Doha, and Manama are some of the major countries that are focusing on enhancing the quality of place, diversity, and culture, in order to make it a tourist destination. Thus augmenting these cities as tourist places in order to appeal tourist is expected to foster the market growth of the ecotourism in GCC.
Regionally, Asia-pacific dominated the GCC Ecotourism market in 2019, reporting 40% market share in terms of revenue, followed by Europe and North America, respectively.
Figure 1. GCC Ecotourism Market, Revenue Share (%), By Region, 2019
The risk associated with the ecotourism while exploring new regions restricts the market growth of the ecotourism in GCC.
The hot and extreme weather condition in the GCC countries up to 9 months out of the year is projected to limit the market growth of the ecotourism in GCC.
GCC Ecotourism Market Report Coverage
||Market Size in 2019:
||US$ 480 Mn
|Historical Data for:
||2016 to 2019
||2020 to 2027
|Forecast Period 2020 to 2027 CAGR:
||2027 Value Projection:
||US$ 630 Mn
- Bahrain, Kuwait, Qatar, Saudi Arabia, Oman, UAE
- By Category: Nature, Wildlife, Generic
- By Contribution: Ecotourism receipts, Hotel stay, Shopping & Leisure, Food & dining, Airline expenditure, Other Goods & Services, Real Ecotourism Wallet
Ramada Worldwide, Jumeirah, Le Meridien, Emirates, Qatar, Gulf air, Thomas Cook
- Growing preferences among travel lovers for ecotourism in the region
- Major countries are focusing on developing tourist destinations
|Restraints & Challenges:
- Low awareness regarding the ecotourism in GCC region
Increasing visiting of tourist from a convenient location such as Europe and the U.S. to GCC region is expected to bring new market opportunities. Increasing focus of GCC government to offer different adventure and wild-life related packages and activities and also enhance the shopping experiences of the consumers is expected to augment the market growth. All these factors are expected to fuel the market growth of ecotourism in GCC.
Increasing hospitality sectors such as hotels and restaurants in the GCC region is projected to provide immense opportunities to the market of ecotourism in GCC. According to the data from Alpen Capital, the GCC hospitality market is projected to reach US$ 32.5 billion in 2022 from an estimated US$ 22.9 billion in 2017. Moreover, between 2017 and 2022, GCC hotel supply is expected to grow at a CAGR of 4.01%.
Figure 2. GCC Ecotourism Market – Opportunity Analysis
Changing lifestyle and increasing disposable income of the consumer is increasing their spending on travel activities. This is expected to be a major trend in the market. A growing number of inbound tourist coupled with the growing focus of the government on promoting environmental conservation and nature protection is also expected to bolster the market growth of ecotourism in GCC over the forecast period.
The growing popularity of cruising in the region is expected to be a major trend in ecotourism in GCC. Moreover, the growing focus of the travelers to indulge in adventurous outdoor activities are again expected to foster the market growth of the ecotourism in GCC. In addition to this growing number of golf courses and beach resorts to attract urban tourist attractions is further anticipated to augment the market growth of ecotourism in GCC.
Figure 3. GCC Ecotourism Market, Revenue Share (%), By Category, in 2019
On the basis of category, nature dominated the GCC ecotourism market in 2019 with around 48% of market share in terms of revenue, followed by wildlife and generic, respectively.
GCC Ecotourism Market - Impact of Coronavirus (Covid-19) Pandemic
According to World Tourism Organization (UNWTO), the Coronavirus (Covid-19) pandemic has caused a 22% fall in international tourist arrivals during the first quarter of 2020. International lockdowns amidst of pandemic crisis could lead to an annual decline of between 60% and 80% when compared with 2019. This scenario is expected to continue with the extension of lockdowns in various countries across the globe in in response to the Covid-19 pandemic.
Key players are operating in the GCC Ecotourism market are Ramada Worldwide, Jumeirah, Le Meridien, Emirates, Qatar, Gulf air, Thomas Cook