The Global Adventure Tourism Market is expected to grow from USD 562.12 billion in 2018 to USD 1,576.36 billion by 2026 at a CAGR of 12.54% during the forecast period from 2018-2026.
Global Adventure Tourism market is expected to reach USD 1,576.36 million by 2026, at a CAGR of 12.54% from 2018 to 2026. The adventure tourism refers travel or exploring with a certain amount of risk faced during the vacation. Adventure tourism involves various activities such as climbing, hiking, rafting, caving, and others. Tourism is one of the most significant growing sectors, among which adventure tourism is one of its fastest growing segments. Tourism industry are continuously working on leveraging innovative better consumer experience and also focusing on increasing the consumer stay. Moreover, the introduction of artificial intelligence plays a crucial role in the functioning and operating of adventure tourism.
Adventure Tourism industry is at an edge of exponential growth, globally. Furthermore, travellers are interested to visit unexplored destinations for enjoyment. In addition, significant increase in government initiatives in the form of private and public partnership to promote tourism drives the growth of the global adventure tourism market. There has been increase in spending capability of the tourist which also accelerates the demand for adventure tourism market during the forecast period. However, risk involved in unpredictable weather condition and adventure travelling restricts the adventure tourism market growth. Moreover, increase in trend of social media is anticipated to hold a potential opportunity for the market growth, for instance, facebook and instagram had become the preferred social networking sites among travellers to get the best travel deals.
The major key Vendors includes in the adventure tourism market are Travelopia, REI Adventures, Abercrombie & Kent Group, G Adventures, Intrepid Travel, Butterfield & Robinson, Austin Adventures, Natural Habitat Adventures, Mountain Travel Sobek