Global Adventure Tourism Market to Ride High on Increasing Spending for Off-beat Vacations, Market to Display Double-digit Growth Rate between 2016 and 2020


Published Date : Jan 23, 2017

ALBANY, NY, Jan 23, 2017: The research report, titled “Global Adventure Tourism Market 2016-2020” present an in-depth reports of reasons why adventure tourism is gaining immense popularity over the last few years. The research report elucidates the market drivers, opportunities, and trends that will have a bearing on the growth of the global adventure tourism market in the forthcoming years. In addition, the report presents detailed insights into the market landscape and growth pattern of the adventure tourism market until the end of 2020.

According to the report’s findings, the global adventure tourism market will expand at an outstanding 45.99% CAGR between 2016 and 2020. The report analyzes the regional markets of the Americas, Europe, Africa, APAC, and the Middle East to present the market size analytics and revenue of the global market until the end of the forecast period in 2020.

Adventure travel involves the inclusion of at least three elements: Cultural immersion, physical activity, and natural environment. The timeframe for adventure travel can range from 24 hours to up to one year, and the location can be domestic or international. The term adventure travel comprises about 34 activities and local festivals across the world that are featured in this category.

The report presents insights into the vendor landscape of the global adventure tourism market. Key vendors operating in the market are mentioned and profiled for their distinguishing business attributes. These are Austin Adventures, G Adventures, Explore Worldwide, and Mountain Travel Sobek. Some other prominent vendors that operate in this market are Boundless Journeys, Classic Journeys, Intrepid Travels, Mantis Extreme, Butterfield & Robinson, Geographic Expeditions, Kensington Tours, and Wilderness Travels.

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The report says that increasing spending capability of people across the world is one of the major factors driving the global adventure tourism market. The rising disposable income of individuals, especially in emerging economies, complemented with an increasing demand for off-beat vacations is favoring the growth of this market. However, the surging number of terrorism-related incidents is inhibiting the growth of this market. This is because adventure travel at remote locations has a considerable risk of subject to life-threatening situations.

Nevertheless, the increasing popularity of wellness tourism will benefit the growth of this market, the report adds. This is because an increasing number of individuals are traveling to remote areas for de-stressing and for therapeutic reasons.

The report has been compiled using standard analytical tools and research methodologies after an extensive primary and secondary research phase. The secondary phase of the research involved gathering data from several printable and non-printable sources such as government websites, search engines, trade associations, government agencies, trade journals, white papers, magazines, industry portals, news websites, and through accessing paid databases.

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