About Adventure Tourism
Adventure tourism refers to a trip that is inclusive of at least three elements: physical activity, cultural immersion, and natural environment. Moreover, it should be done outside a person's usual environment-in a domestic or international destination for more than 24 hours but less than a year.
Technavio’s analysts forecast the global adventure tourism market to grow at a CAGR of 45.73% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global adventure tourism market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Adventure Tourism Market 2018-2022
Technavio recognizes the following companies as the key players in the global adventure tourism market: Austin Adventures, G Adventures, Intrepid Travel, Mountain Travel Sobek, Natural Habitat Adventures, and REI Adventures.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is higher acceptance of online travel agencies. A large number of individuals have started using online portals for making travel bookings. This trend is enabling organizations to carry out bookings in a more organized manner.”
According to the report, one driver in the market is rising spending capability. The affordability of high-end products and services has increased in developing countries because of the improved spending capability of the population. Therefore, higher disposable incomes in Pacific Rim countries such as Malaysia, Indonesia, and Vietnam are expected to drive market growth even further. In addition, the number of working women has increased considerably worldwide.
Further, the report states that one challenge in the market is growing adoption of luxury tourism. The global adventure tourism market faces a high threat from the luxury travel market. This is because the global luxury travel market is in its nascent stage and is likely to experience exponential growth during the forecast period. Luxury travel is gaining traction because of the extraordinary experience it encompasses.
Austin Adventures, G Adventures, Intrepid Travel, Mountain Travel Sobek, Natural Habitat Adventures, and REI Adventures.