GREEN GLOBETROTTING
Outlook Business|May 2024
Amid growing awareness about sustainable tourism, more people are hoping to reduce their carbon footprint. Besides benefitting the planet, sustainable tourism also presents the industry with the opportunity to grow responsibly
Naina Gautam
GREEN GLOBETROTTING

Nations apart, travel bloggers Shivya Nath from India and Serena Hejazi from Germany have common preferences when it comes to travelling. They choose land transport over air. When they do fly, they try to offset their carbon footprint. To help local economies, they prefer local guest houses and eat local food.

The United Nations defines sustainable tourism as “tourism that takes full account of its current and future economic, social and environmental impacts, addressing the needs of visitors, the industry, the environment and host communities”.

According to a 2021 study by World Travel & Tourism Council, the tourism industry accounts for around 8% of the overall greenhouse gas emissions. Being the third-largest emitter of greenhouse gases in the world after China and the US makes India a major stakeholder in any conversation around sustainability. In 2023, global air travel reached 88% of the pre-Covid level. In India, on the other hand, the Ministry of Civil Aviation said that the volume of domestic air passengers surpassed the pre-Covid level in November 2023.

Market for Sustainability

Sustainable tourism industry is gaining ground in India. According to Future Market Insights, the Indian sustainable tourism market was predicted to be worth $26.01 million in 2022 and is projected to reach $151.88 million by 2032 at a compound annual growth rate of 19.3%. It adds that the sales in the Indian sustainable tourism market represent 2%–5% of the global sustainable tourism market.

This story is from the May 2024 edition of Outlook Business.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the May 2024 edition of Outlook Business.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM OUTLOOK BUSINESSView All
The New Imperialism
Outlook Business

The New Imperialism

The EU has approved a new environmental regulation that will impact global value chains. Small businesses will have to bear the brunt

time-read
5 mins  |
October 2024
VISION FOR THE INDIA OF 2047
Outlook Business

VISION FOR THE INDIA OF 2047

In India@100, Krishnamurthy Subramanian argues that India can be a 55trn economy by 2047 if it doubles down on the economic policies implemented in the last decade to grow at 8% annually. Although middle-income trap has plagued many developing countries in the past, he is convinced that India is well-equipped to avoid obstacles in its growth odyssey

time-read
3 mins  |
October 2024
BUSINESS MINT: CELEBRATING EXCELLENCE, ONE AWARD AT A TIME
Outlook Business

BUSINESS MINT: CELEBRATING EXCELLENCE, ONE AWARD AT A TIME

Ensuring that Firms and Entrepreneurs Receive the Recognition they Deserve since 2018

time-read
3 mins  |
October 2024
DR. PAVANI KADIYALA: DRIVING INNOVATION AND TECHNOLOGICAL ADVANCEMENT IN EMERGING INDUSTRIES
Outlook Business

DR. PAVANI KADIYALA: DRIVING INNOVATION AND TECHNOLOGICAL ADVANCEMENT IN EMERGING INDUSTRIES

Celebrating Dr. Pavani Kadiyala's Accolades and Contributions to Emerging Technologies

time-read
2 mins  |
October 2024
INSPIRING EXCELLENCE: THE JOURNEY OF NALANDA EDUCATIONAL INSTITUTIONS:
Outlook Business

INSPIRING EXCELLENCE: THE JOURNEY OF NALANDA EDUCATIONAL INSTITUTIONS:

Honoring the Vision of Sri Manthena Suryanarayana Raju Through Innovation and Holistic Development

time-read
2 mins  |
October 2024
THE RISE OF VARUN REALTORS
Outlook Business

THE RISE OF VARUN REALTORS

Leading the Charge: Varun Kaliga Named Emerging Real Estate Influencer of the Year for Innovative Impact

time-read
2 mins  |
October 2024
R.C. RATUL: BRIDGING THE WORLDS OF ENTERTAINMENT AND REAL ESTATE
Outlook Business

R.C. RATUL: BRIDGING THE WORLDS OF ENTERTAINMENT AND REAL ESTATE

The Visionary Behind the Convergence of Entertainment and Real Estate

time-read
2 mins  |
October 2024
CYBERABAD BUILDERS ASSOCIATION: LEADING THE CHARGE IN SHAPING
Outlook Business

CYBERABAD BUILDERS ASSOCIATION: LEADING THE CHARGE IN SHAPING

Recognized as the Emerging Builders Association of the Year 2024,’ CBA is setting new benchmarks in real estate and construction excellence in the heart of Hyderabad.

time-read
2 mins  |
October 2024
FROM PAPERBOY TO POWERHOUSE: THE INSPIRATIONAL JOURNEY OF VENU KALYAN
Outlook Business

FROM PAPERBOY TO POWERHOUSE: THE INSPIRATIONAL JOURNEY OF VENU KALYAN

Celebrated with the Most Admired Real Estate Sales Coach of the Year 2024’ Award for Transformative Impact and Innovative Coaching

time-read
2 mins  |
October 2024
OUTLINE MEDIA: SHAPING TOMORROW'S BRANDING AND ADVERTISING TODAY
Outlook Business

OUTLINE MEDIA: SHAPING TOMORROW'S BRANDING AND ADVERTISING TODAY

Redefining Branding and Advertising

time-read
2 mins  |
October 2024