Tag Archives: sustainable tourism

Pradeep Shetty, President, HRAWI has said that their upcoming convention is poised to achieve big goals in tourism, “Our convention in Goa aims to drive growth in a sustainable manner, aligning with India’s vision of achieving 100 mn tourists by 2047 and a $3 tn hospitality tourism economy.” he added.

As per KPMG report, global sustainable tourism market size was estimated at US$2.73 trillion in 2023 and is projected to reach around US$9.17 trillion by 2032. This upward trajectory will register a Compound Annual Growth Rate (CAGR) of 14.40 per cent during the forecast period from 2023 to 2032.

As per KPMG report, India’s sustainable tourism market was valued at USD 26.01 million in 2022 and is expected to reach USD 151.88 million by 2032, registering a CAGR of 19.3 per cent from 2022 to 2032. Thus, showcasing that sustainability is going to act as a catalyst in the growth of tourism as a sector in India.

Loveleen Multani Arun, Founder-Director, Panache World, shared, “Luxury travel in India can be a great asset to the country. Luxury travellers are willing to pay the top dollar for authentic, sustainable, and local experiences. We need more entrepreneurs who understand this nuance.”

FHRAI is set to host the Tourism Sustainability Summit 2024 in March. It will propose a framework for sustainable tourism stating that Goa Roadmap could be a beacon for sustainable global tourism with 5 key priorities: Green Tourism, Digitalization, Skills, Tourism MSMEs, and Destination Management to achieve SDGs.

According to Euromonitor’s recent survey Voice of the Consumer: Travel Survey, 79% of both Eco-Adventurers and Cultural Explorers are willing to pay up to 10 per cent more for sustainable travel features, with an aim to convince travellers to spend on sustainability options.

According to WTTC, Travel & Tourism is currently responsible for 8.1% of global greenhouse gas emissions. While many of the sector’s biggest companies have set 2050 emission-reduction targets, just as many have just started to consider how to address climate change in their business. 

UNWTO Secretary-General Zurab Pololikashvili said, “Tourism has never been more important for our economies or for our societies. Its potential is enormous. And so, on this World Tourism Day, we celebrate tourism’s ability to drive growth while also highlighting the vital need for investments to ensure such growth is inclusive and sustainable.”

In collaboration with UNWTO, MOT to launch SDG Dashboard on 5th Sept at 5pm, with an aim to explore best avenues and insights from G20 countries as they work towards fostering sustainable and inclusive tourism.  

Zurab Pololikashvili, Secretary General, UNWTO said, “We must ensure recovery of tourism to be sustainable, inclusive and resilient. Goa Roadmap for Tourism to work as channel for achieving SDGs & offering G20 economies proposed plan leading towards better future.”