Polar Tourism Market is expected to have a significant CAGR over 2022–2028. Polar tourism mentions to the environmental, developmental, and physical characteristics of the Arctic and Antarctic, and Himalayas regions. These regions attract tourism owing to having beautiful nature and a variety of wildlife available there such as the Northern Lights (aurora Borealis), and arctic species. regions. Furthermore, there is an enormous demand for ice landscapes in the polar region consequently expanding the polar tourism market. Additionally, rising disposable income among a large part of the population across the globe, and also upsurging in the number of people using the internet to create and share videos, are other major factors that expand the polar tourism market size. During, the COVID-19 ecotourism sector faced tremendous losses due to the worldwide lockdown. After the pandemic, it is anticipated that the worldwide polar tourism business would reach on progressive growth rate due to a significant investment in polar tourism, and creating awareness among people towards natural and wildlife.
Recent Market Developments:
In March 2021, Niccolo Suzhou opened the first “Polar Bear Hotel” in the world and opened its doors in China.