Airbnb, Inc. is supporting the Seoul Tourism Organization's Global Fair and Sustainable Travel Contest, an initiative to promote fair and sustainable travel practices, which has also been approved as an official program of the World Tourism Organization (UNWTO) in 2022.
TUI AG, through its TUI Care Foundation, is going to collaborate with Green Phenix and Mambo Beach to launch a new initiative to make Curacao cleaner. As a result of the installation of recycling stations along Mambo Boulevard, waste is being collected, and brought to a recycling facility where it is recycled into new useful products. This project is part of the Destination Zero Plastic program of the TUI Care Foundation.
Author Credits: Parul Atri
Report ID: 109
Published Date: Oct 10, 2024
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of tourism is assessed at USD 11.94 trillion.
The tourism market size was over USD 11.45 trillion in 2024 and is anticipated to reach USD 22.27 trillion by the end of 2037, growing at around 5.4% CAGR during the forecast period i.e., between 2025-2037. Socio-economic capita income, the growing trend of sustainable tourism, and surge in socio economic growth will drive the market growth.
Europe is set to hold the largest industry share by 2037, owing to rising disposable income and growing technological and digital advancements.
The major players in the market include Airbnb, Inc., G Adventures, Inc., TUI AG, Balkan Holidays Limited, Accor Group, DuVine Cycling + Adventure Co., Gray & Co., American Express Company, Omega World Travel, Inc., World Travel Holdings.