Adventure tourism market growing at 46% CAGR to 2020

Global adventure tourism market research says availability of low-cost airlines will be a key trend for market growth, which saw 56.51% tourist travelling by flights, an increment from the 54% in 2014.

adventure travel

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 organised far away from the main city.

This analyst forecast the global adventure tourism market to grow at a CAGR (Compound Annual Growth Rate) of 45.99% during the period 2016-2020. According to the adventure tourism market report, increased preference for adventure over other tourism activities will be a key driver for market growth.

In 2015, the adventure tourism industry generated revenue of $7.88 trillion. However, the definition of tourism is changing rapidly. The beachside vacation or regular sight-seeing holidays are losing market to activities such as skydiving, surfing, rock or mountain climbing, caving, and deep-sea diving, which involve high risk.

The international adventure tourism market is likely to grow at a fast pace during the forecast period and is anticipated to post a CAGR of more than 46% by 2020.

Countries such as France, Germany, Spain, and Iceland are the most preferred adventure tourism destinations for the international tourists. The rise in the number of adventure sports in these countries is resulting in higher tourist arrivals.

Europe accounted for more than 40% of the total market share. Some of the most popular adventure sports that attract tourists in the region include paragliding, kite surfing, and hiking on mountains and glaciers.

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