Volatile tightness of borders and drastic drop in demand led to a 95% drop in passenger numbers
POTLAND, 5933 NE WIN SIVERS DRIVE, #205, USA, July 20, 2022 /EINPresswire.com/ — According to a new report released by Allied Market Research, titled “Adventure Tourism Market by Type, Activity, Type of travellers, Age Group, Sales Channel and Region: Global Opportunity Analysis and Industry Forecast, 2021–2028”, Adventure Tourism Market Size was valued at $112,227 Million in 2020 and is expected to reach the Market Value of $1,169 $095 million by 2028, growing at a CAGR of 20.1% from 2021 to 2028. By type, the soft segment was the largest segment, accounting for $37,595 million in 2020. It is expected to reach the market size of $380,687 million by 2028 growing at a CAGR of 20.1% throughout the forecast period.By activity, the land activities segment was the largest category in 2020 and is expected to remain dominant throughout the forecast period.
Adventure tourism involves exploration or travel to remote exotic regions. It includes unique and empowering experiences during vacations, during which travelers interact with local people and connect with their core values.
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Market Demand and Growth:-
The growth of the adventure tourism market is attributed to the presence of attractive landscapes and the availability of a wide variety of activities in different cities across the country. Additionally, strategic marketing initiatives taken by industry players, coupled with an increase in government initiatives to promote tourism, are driving the global industry. However, adventure travel risks and unpredictable weather conditions are a hindrance to the growth of the global market. These factors could lead to the failure of adventure tourism, thus hampering the growth of the market. Conversely, the rise of social media and the growing popularity of travel blogs/videos on social media platforms such as Instagram and Twitter are further expected to pique the interest of travelers around the world. This is expected to increase the popularity of the tourism industry and make room for the growth of the adventure tourism market.
Key Players profiled in the report include:-
AUSTIN ADVENTURES, INC
BUTTERFIELD & ROBINSON INC.
GEOGRAPHIC EXPEDITIONS INC’
INTREPID GROUP, LTD
MOUNTAIN TRIP SOBEK
RECREATIONAL EQUIPMENT, INC
FREQUENTLY ASKED QUESTIONS?
Q1. What will be the size of the adventure tourism market from 2021 to 2028?
Q2. What is the CAGR of Adventure Tourism Market?
Q3. How can I get a sample Adventure Tourism market report?
Q4. Which companies have been profiled in the Adventure Tourism Market report?
Q5. What are the segments of the adventure tourism market?
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Main results of the study
By type, the soft segment is expected to experience the highest CAGR of 20.8% in revenue during the forecast period.
By activity, the land activities segment is expected to dominate the market through 2021-2028.
By traveler type, the couples segment was the largest and fastest growing market segment.
By age group, the couple segment was the dominant segment in 2020.
By sales channel, direct was the largest segment in 2020.
TABLE OF CONTENTS :-
CHAPTER 1 INTRODUCTION
1.1.Description of the report
1.2. Main benefits for stakeholders
1.3.Key Market Segments
1.5.Analytical tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Overview of the adventure tourism market
2.2. Main results of the study
CHAPTER 3: MARKET OVERVIEW
3.1. Definition and scope of the market
3.2. Key findings
3.2.1. Main pockets of investment
3.3. Porter’s Five Forces Analysis
3.4. Market dynamics
184.108.40.206. Development of the global travel and tourism industry
220.127.116.11. Increase in disposable income
18.104.22.168.Pursuing unique experiences to increase the tourism industry
22.214.171.124.Mobile apps, big data analytics and artificial intelligence are evolving together amid a proliferating tourism industry
126.96.36.199. High internet penetration
188.8.131.52. Increase in the rate of terrorism and crime, political uncertainty and natural disasters
184.108.40.206.The rise of social media is having a positive impact on the travel industry
220.127.116.11.Heavy investments for better infrastructure
3.5.COVID-19 impact analysis
3.5.2.Impact on the adventure tourism market
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