Latest News- Adventure Tourism Market: Domestic is expected to lead the Type segment during 2025-2029

The Adventure Tourism Market is being driven by Increasing disposable incomes

The Adventure Tourism Market is expected to grow at a CAGR of 43.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 6867.9 billion. In the travel industry landscape of 2024, the reliance on online reviews prior to booking a holiday vacation intensified due to widespread internet access and heightened smartphone usage. This trend significantly benefited the sector, enabling travelers to effortlessly plan their adventure tourism activities and create unforgettable experiences. The emergence of web portals and the affordability of the internet fueled a substantial surge in demand for adventure tourism. Notably, TripAdvisor, Expedia, Orbitz, and Booking became go-to sources for travelers seeking authentic consumer testimonials, providing them with essential information and tools to make informed decisions. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Domestic
  • International
• Source
  • Indirect contribution
  • Direct contribution
  • Induced contribution
• Geography
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing disposable incomes
• Rising number of soft adventure sports enthusiasts
• Government initiatives to promote tourism

However, the market also witnesses some limitations, which are as follows:

• Low penetration rate in developing economies
• Risks of accidents and injuries associated with adventurous sports
• High cost of adventure tourism

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Market Scope in Adventure Tourism Market Research Report

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Research Analysis Overview

Adventure tourism, also known as adventure travel, involves migration to various destinations for engaging in thrilling activities such as skydiving, mountain climbing, trekking, rafting, scuba diving, and wildlife exploration. Professionals ensure safety with necessary equipment. Young travellers seek adventure sports like aviation, trekking, and social events. Domestic travel and online vacation planning are popular, influenced by internet penetration. Adventure activities include trekking, water sports, and wildlife sanctuaries. Age group and international tourists vary, with travel agencies catering to diverse needs. Reasonably priced carriers and border closings impact travel. Travelers seek adventure, accommodation, and exploration.

Market Research Overview

The Adventure Tourism market, a segment of the global leisure facilities market, experiences significant growth due to the rising disposable income of consumers, enabling them to invest in adventure travel experiences. The World Tourism Organization defines Adventure Tourism as a niche form of travel that includes exploration of natural environments and participation in adventure activities, such as mountain climbing, skydiving, and bio-cultural exploration. The Adventure Tourism market caters to the needs of adventure enthusiasts, offering sustainable practices to minimize environmental impact. The parent Global Leisure Facilities Market, which includes companies engaged in the operations of casinos and gaming, hotels, resorts, cruise lines, leisure facilities, and restaurants, is projected to expand due to the increase in disposable income leading to increased spending on recreational activities.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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Email: media@technavio.com
Website: www.technavio.com/