ResearchAndMarkets presents the Global Adventure Tourism Market 2018-2023 report

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ResearchAndMarkets presents the Global Adventure Tourism Market 2018-2023 report
Mon June 11, 2018

The global adventure tourism market was valued at $444,850 million in 2016, and is projected to reach $1,335,738 million in 2023, registering a CAGR of 17.4 % from 2017 to 2023

The substantial boom in the travel and tourism sector fosters the growth for adventure tourism market.

Adventure tourism is defined as travelling outside a person's regular environment. Adventure travel may involve various adventurous activities such as caving, climbing, cycling, hiking, hunting, rafting, and others. Tourism is one of the most rapidly growing sectors, while adventure tourism is one of its fastest growing segments.

The growth of adventure tourism is driven by increase in government initiatives to promote tourism However, risk involved in adventure travelling and unpredictable weather conditions are few major challenges to the adventure tourism industry. Conversely, increase in social media trend has created lucrative opportunity for adventure service providers, as Facebook has become the most preferred social network among travelers.
 
KEY MARKET SEGMENTS

By Type

Hard
Soft
Others

By Activity

Land Based Activity
Water Based Activity
Air Based Activity

By Type of Travelers

Solo
Friends/Group
Couple
Family

By Age Group

Below 30 Years
30 to 41 Years
42 to 49 Years
50 Years & Above

By Sales Channel

Travel Agent
Direct

visitas

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