The report forecasts the global adventure tourism market to grow at a CAGR of 45.99% during the period 2016-2020.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Availability of low-cost airlines will be a key trend for market growth. In 2014, 54% of the overall tourists traveled by flights, which increased to 56.51% in 2015. Further, adventure tourism involves more traveling to reach a point from where the adventure activities start. For instance, adventure tourists need different modes of transportation because activities such as mountain climbing, caving, hiking, and skydiving are organized far away from the main city.
Due to the increasing influx of international tourists, many new budget-friendly airlines are being launched to cater to the increasing transportation needs. Air Asia and Tiger Airways are examples of the budget-friendly flights that operate in Asia. More budget flight services will be launched in the near future, and influence the growth of the adventure tourism market.
According to the report, increased preference for adventure over other tourism activities will be a key driver for market growth. In 2015, the adventure tourism industry generated a revenue of $7.88 trillion. However, the definition of tourism is changing rapidly. The beachside vacation or regular sight-seeing holidays are losing its market to adventurous activities such as skydiving, surfing, rock or mountain climbing, caving, and deep-sea diving that involve high risk.
- Austin Adventures
- Explore Worldwide
- G Adventures
- Mountain Travel Sobek
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market description
PART 06: Market landscape
PART 07: Market segmentation by type
PART 08: Contribution of adventure tourism to GDP
PART 09: Contribution of adventure tourism to employment
PART 10: Geographical segmentation
PART 11: Key leading countries
PART 12: Market drivers
PART 13: Impact of drivers
PART 14: Market challenges
PART 15: Impact of drivers and challenges
PART 16: Market trends
PART 17: Vendor landscape
PART 18: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/lq888j/global_adventure
Research and Markets
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-adventure-tourism-market---analysis-technologies--forecasts-to-2020---increase-in-spending-capability-of-people---research-and-markets-300351516.html
SOURCE Research and Markets