Friday, November 26th, 2021

Adventure Travel Market to Receive Overwhelming Hike in Revenues By 2027

Global Adventure Travel Market – Introduction

Adventure tourism market is a travel or exploration with a certain amount of risk faced for duration of the travel. Adventure tourism comprises several activities such as rafting, paragliding, caving, skiing, cycling, climbing, and hiking. Moreover, according to the U.S. Adventure Travel Trade Association (ATTA), adventure travel may consist of cultural exchange, physical activities, and connecting with nature. Tourism is the most rapidly expanding sector, of which adventure tourism is one of the most rapidly expanding segments.

Global Adventure Travel Market – Competition Landscape

Thomas Cook Group

Founded in 1841, Thomas Cook Group is headquartered in London, the U.K. The company is engaged in offering leisure travel service that consists of adventure travels. The company operates in more than 17 countries. Additionally, the company has around 105 aircraft, more than 200 owned brands, and 22 million customers all over the world.

G Adventure

Incorporated in 1990, G Adventure is based in Toronto, Canada. The company specializes in adventure travel and social enterprise. The company offers various travel styles such as classic tours, National Geographic Journeys, 18-to-Thirtysomethings Tours, wellness tours, active tours, rail tours, marine tours, local living tours, family tours, and private travel. G Adventure has presence in more than 28 countries across the world.

Mountain Travel Sobek

Based in Emeryville, California (the U.S.), Mountain Travel Sobek has experience of more than 50 years in international adventure travel. The company offers various types of adventure travels with different activity levels such as Level 1, Level 2, Level 3, Level 4, and Level 5. Moreover, the company provides activities such as cruising, cultural exchange, family adventure, hiking and trekking, rafting and kayaking, wellness, wildlife and safari, and women’s adventure. Mountain Travel Sobek has presence across the globe.

Major companies operating in the global adventure travel market are Abercrombie & Kent USA, LLC, Butterfield & Robinson Inc., Cox & Kings Ltd.,, Lindblad Expeditions, Oku Japan, Scott Dunn Ltd., Tauck, TCS World Travel, Thomas Cook Group, G Adventures, Audley Travel, Exodus Travel, Intrepid Group, and Urban Adventures.

Global Adventure Travel Market – Driver

Growing Government initiatives

With growing inclination of travelers toward adventure activities, the demand for adventure travel services is rising rapidly across the world. Moreover, substantial increase in government initiatives in the form of private and public partnerships to encourage tourism is likely to drive the global adventure tourism market in the next few year. On the other hand, rise in the penetration of social media is projected to provide immense opportunities to the market during the forecast period. Furthermore, Americas and Europe collectively hold a major share in the global adventure travel market. The market in Asia Pacific is projected to expand at the maximum rate during the forecast period.

Global Adventure Travel Market – Segmentation

The global adventure travel market can be segmented based on:

  • Type
  • Activity
  • Type of Travelers
  • Age Group
  • Sales Channel
  • Region

Global Adventure Travel Market, by Type

In terms of type, the global adventure travel market can be divided into:

  • Hard
  • Soft
  • Others

Global Adventure Travel Market, by Activity

In terms of activity, the global adventure travel market can be segregated into:

  • Land-based Activity
  • Water-based Activity
  • Air-based Activity

Global Adventure Travel Market, by Type of Travelers

Based on type of travelers, the global adventure travel market can be segmented into:

  • Solo
  • Friends/Group
  • Couple
  • Family

Global Adventure Travel Market, by Age Group

Based on age group, the global adventure travel market can be classified into:

  • Below 30 Years
  • 30–41 Years
  • 42–49 Years
  • 50 Years & Above

Global Adventure Travel Market, by Sales Channel

In terms of sales channel, the global adventure travel market can be categorized into:

  • Travel Agent
  • Direct

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

About Us

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