Pune, Maharashtra, India, November 21 2022 (Wiredrelease) MarketDesk –:Market overview:-
The Adventure packages Market is a type of travel that includes activities such as climbing, cycling, hiking, rafting, etc. Tourism is one of the fastest-growing industries, with adventure tourism being one of its fastest-growing segments. Asia-Pacific is a popular destination due to its beautiful landscapes, excellent food, and accommodations. Adventure sports are the most popular type of travel in the world because they include diving, white water rafting, surfing, trekking, cycling, and others.
The value of the global Adventure packages market is anticipated to increase at a CAGR of X.X% from 2022 to 2031.
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Market Driving Factor:-
The global market for Adventure packages can be attributed to the presence of an attractive landscape and the availability of a large variety of activities within different cities of the country. Furthermore, strategic marketing initiatives are taken by players in the industry, coupled with increased government initiatives to promote tourism and drive the global industry. The increased need for an authentic and personalized travel experience, driven by quick urbanization, rising disposable incomes, the influence of social media, and affordable airline tickets, is one of the key factors driving market expansion. Additionally, travel companies are introducing speedy, user-friendly mobile websites accessible on smartphones. Together with the growing internet penetration, this is giving the company a profit outlook and giving them a chance to grow.
Market Restraint:-
However, risks involved in adventure traveling and unpredictable weather conditions hinder the growth of the global market. These factors might lead to the failure of adventure tourism, thereby hampering the market’s growth. The expansion of the adventure tourism industry is being hampered by unpredictable climate change and environmental degradation brought on by travelers’ carefree habits. The possibility of losing cultural and linguistic diversity is also a serious concern for the adventure tourism sector. Additionally, the growth of the Adventure packages industry is being hampered by rising travel costs to specific regions and a state of warlike conflict.
Global Adventure packages Market Segmentation:
List Major Industry Players:-
Austin-Lehman Adventures
G Adventures
Mountain Travel Sobek (MTS)
Geographic Expeditions
Intrepid Travels
Boundless Journeys
Butterfield & Robinson
Wilderness Travels
Classic Journeys
Abercrombie & Kent
Market Applications and End-user:
Global Adventure Packages Market Segmentation:
Global adventure packages market segmentation by adventure type:
Hard adventure
Soft adventure
Others
Global adventure packages market segmentation by package type:
Family packages
Group packages
Couple packages
Global adventure packages market segmentation by budget type:
High budget
Medium Budget
Low budget
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FAQs:-
How much is the market for Adventure packages expected to expand until 2032?
What is the anticipated market size for adventure travel in 2022?
Which region is expected to see the fastest growth in the Adventure packages market?
What are some well-known adventure tourism producers?
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The Effect of the COVID-19 Pandemic on the Adventure packages Market:-
Following the COVID-19 incident, tourism took a significant hit. It severely hampered the expansion of the Adventure packages industry. The industry experienced a sudden halt in international visits, mobility restrictions, and increased health and safety concerns. Along with the country’s travel industry, aviation suffered the most damage. The hospitality industry experienced a similar drop in revenue due to the pandemic. All of this has severely slowed the growth of the tourism industry, resulting in a significant drop in revenue.
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