Published on : Oct 24, 2016
ALBANY, NY, Oct 24, 2016: The report “Global Adventure Tourism Market 2016–2020,” featured on ResearchMoz.us delivers key insights about the global market such as drivers that will encourage the demand in near future as well as restraints that will curtail the progress. The report highlights the emerging market trends and forecasts a significant CAGR of 45.99% for the duration of 2016 to 2020.
Adventure tourism consists of three primary elements: physical activity, cultural immersion, and natural environment. These travels could generally last more than a day but less than a year, and can be either domestic or at an international destination. This 34-page report points out that globally, about 34 activities and local festivals fall under the adventure tourism category.
The report highlights that the primary driver in the market for adventure tourism is the increased spending capability of the end-users. These end-users are primarily those living in urban parts of developed as well as developing countries. However, adventure tourism destinations range from rural to urban territories. According to the report, increasing terror-related incidents are turning away potential tourists and are severely affecting the global market for adventure tourism. European countries earn a significant chunk of their GDP out of their adventure destinations but in the recent times, various terror-related occurrences have caused a decrease in the number of travelers. Asian countries such as India, Thailand, and Malaysia have also reported a drop in the number of tourists.
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The report also points out that increasing popularity of wellness tourism is a growing trend which augurs well for the immediate future the global adventure tourism market. Wellness tourism includes travelers who pursue diverse services including physical fitness and sports, beauty treatments, healthy diet and weight management, and relaxation and stress relief programs such as meditation and yoga.
The research study segments the global market for adventure tourism in several specifications to present a clear picture. By type, the global adventure destinations have been classified into domestic or international. By contribution to the GDP of the adventure tourism destination, the market is divided into countries that are affected directly, indirectly, or induced. Likewise for contribution to employment, the report segments the market into direct, indirect and induced. Geographically, the report divides the market into Europe, Asia Pacific (APAC), Americas, the Middle East, and Africa.
The report has been prepared through thorough market analysis on inputs from industry experts. It covers the market landscape and forecasts its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market, exploring their strengths and weaknesses. Some of the key vendors profiled in this report are: Austin Adventures, Explore Worldwide, G Adventures, and Mountain Travel Sobek. Other prominent vendors profiled in this report include: Boundless Journeys, Butterfield & Robinson, Classic Journeys, Geographic Expeditions, Intrepid Travels, Kensington Tours, Mantis Extreme, and Wilderness Travels.
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