Adventure Tourism Market size was valued at USD 316.40 Billion in 2022 and is projected to reach USD 1156.73 Billion by 2030, growing at a CAGR of 15.74% from 2023 to 2030. For instance, adventure travel operators are focusing on virtual reality to offer realistic visual experience of adventure activities and natural surroundings. The pandemic of COVID-19 has had an undesirable impact on the global adventure tourism market growth in 2020. Uttarakhand is a land which is bestowed with natural grandeur at its best - picturesque locations, snow capped mountains, lush green valleys, a cool climate and hospitable people. 8.3.10.4.Market size and forecast, by age group, 2019-2027 According to Barraclough (2020) women working full-time earn on average $253.60 less per week than their male counterparts. Food Facility Farm SWOT Analysis. Additionally, the report also highlights the challenges impeding market growth and expansion strategies employed by leading companies in the "Market". analysis. Easy to Use MS Excel 3 Year Financial Model with Instructions. Some hotels and restaurants, airlines, and local travel companies provide quality service in some countries. 3.3.4.Threat of substitutes Theres no coherence among all of them. Uttarakhand Tourism : A Swot Analysis Abstract Uttarakhand is a land which is bestowed with natural grandeur at its best - picturesque locations, snow capped mountains, lush green valleys, a cool climate and hospitable people. Swot analysis of travel and tourism industry. Teslas stock falls 5% as Elon Musks Master Plan 3 is short on details about both cars and finances, Saturday Night Live star Chloe Fineman says Lorne Michaels gave her the best financial advice, What's next for bonds in 2023 after the worst year in history. It means that your product should be unique and catchy. 2021 | 8.2.8.4.Market size and forecast, by age group, 2019-2027 These factors are accelerating the young age travelers to gain much excitement by stepping out from comfort zones, which is predicted to fuel the industry growth in the forecast time. It means that you have to bring different businesses to the table to work for the same common goal. So, in the analysis of the tourism product and destination, an important role play the tourism resources and conditions with which the A country with a strong infrastructure of roads, railways, and airports would attract more people. Theyre moving around, meeting with different, and enjoying the company of their friends and relatives. There are very few institutes that provide professional training for tourism. 8.4.8.2.Market size and forecast, by activity, 2019-2027 9.6.5.SWOT analysis, 9.7.1.Business overview A. Tourism today offers a strange world of experiences that needs to Moreover, adventure travelling is also about interacting and connecting with a new landscape and cultures. This will fuel the growth of the market in the forecast time. In addition, it is a great escape for urban citizens. Best for Families: Thomson Family Adventures. 3.3.2.Bargaining power of suppliers Market Segmentation:Based on Product Type: Regional Insights:The countries section of the research includes selected market variables that drive current and future market developments. Some of the key players profiled, Lawn Garden Robot Market to See Massive Growth by 2029 | Honda Motor, FarmBot, F , Worldwide Lawn Garden Robot Market In-depth Research Report 2022, Forecast to 2029 is the latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities, and leveraging strategic and tactical decision-making support. Land-based activity sub-segment generated the highest market size for adventure tourism. Travelling reduces mental stress, tension, and anxiety levels leading to exponential growth of the market. 8.2.12.2.Market size and forecast, by activity, 2019-2027 There are a number of positive factors impacting the tourism industry. It may seem simple and easy, but it requires a huge managerial skill. People speak different languages across the world and theres a strong cultural diversity. In February 2020, Intrepid Group, an adventure travel company, partnered with WWF-Australia in order to support Antarcticas marine life. 7.3.2.Comparative market share analysis, 2019 & 2027, 7.4.1.Market size and forecast, by region, 2019-2027 In Given that the usual objective of entrepreneurs is return on investment, it can assist in the preparation of a plan to that end.In the case of destinations, SWOT is often used to help define the strategic positioning of the tourism cluster and its policy and . 9.2.2.Financial performance The Intrepid Foundation declared that over the next two years, it will aid in WWF-Australias project to protect the Antarctic Giants with a funding of $150,000. Some festivals are so unique that attract tourist to have a real-life experience of those festivals. After a careful study of the swot analysis of tourism industry, we have concluded that tourism along with hospitality and transport business is indeed a successful business. The purpose of tourism is to refresh your mind by changing the environment, away from home, business, and work environment. COVID-19 Effect on Adventure Tourism Market: Escalating interest to exploring new destinations is a major driving factor for the growth of the adventure tourism market. 9.2.4.Recent strategic moves & developments To know more about adventure tourism market drivers, get in touch with our analysts here. Asia-Pacific region market was the second highest contributor to the market. This market research report provides information about Company Reports (Travel & Leisure), Travel & Leisure industry. Huge demand for land-based activities such as cycling tours, trekking & wildlife safaris among the all age groups is significantly propelling the market growth in the forecast years. The global adventure tourism market share analysis is based on type, activity, type of travelers, age group and geography. 8.3.8.3.Market size and forecast, by type of travelers, 2019-2027 8.1.7.5.Comparative market share analysis, 2019 & 2027, 8.1.8.1.Market size and forecast, by Type, 2019-2027 Many tourism agencies working in different countries and they charge a very amount for their services. 380 =SWOT analysis to find the problem areas and prospects of international tourists in Himachal Pradesh. Precision Reports is the credible source for gaining the market reports that will provide you with the lead your business needs. 9.3.4.Recent strategic moves & developments https://www.htfmarketreport.com/sample-report/3210917-global-adventure-tourism-market-7, https://www.htfmarketreport.com/enquiry-before-buy/3210917-global-adventure-tourism-market-7, https://www.htfmarketreport.com/buy-now?format=1&report=3210917, https://www.htfmarketreport.com/reports/3210917-global-adventure-tourism-market-7, Ursula Koslik, Director Marketing & PR, F+W Hamburg, Advertising, Media Consulting, Marketing Research, Business, Economy, Finances, Banking & Insurance, Pressemitteilung kostenlos verffentlichen. The reason people accept such a job is to fill the gap in their careers. 9.9.5.SWOT analysis, 9.10.1.Business overview 8.1.8.3.Market size and forecast, by type of travelers, 2019-2027 Such steps would help you to attract environmentally friendly customers. Adventure Tourism Market Demand Analysis (2017 to 2021) Vs Market Outlook (2022 to 2032) The global demand for adventure tourism market is projected to increase at a CAGR of 16% during the forecast period between 2022 and 2032, reaching a total of US$ 1,484.01 Billion in 2032, according to a report from Future Market Insights (FMI). mountaineering classes for beginners in French Alps. Opportunities . 9.3.3.Product portfolio Become more independent Going on an adventure travel trip not only brings a sense of accomplishment, but it also boosts your self-confidence. 8.2.11.4.Market size and forecast, by age group, 2019-2027 Further, adventure travelling is about interacting and connecting with new landscapes and cultures. SWOT analysis assesses. Some cultures are open and moderate that theyre willing to accept any good new thing. 9.10.4.Recent strategic moves & developments If you can manage to raise the capital, work on the land, establish a good place, then you would able to attract a lot of tourists. It would require a huge amount of resources. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Global Medical Computer Carts Market. Market Overview:Adventure Tourism market size was valued at USD 489112.14 million in 2022 and is expected to expand at a CAGR of 10.35% during the forecast period, reaching USD 882979.04 million by 2028.Adventure Tourism involves exploration or travel to remote exotic areas. 9.7.5.SWOT analysis, 9.8.1.Business overview And G Adventures. 3.4.3.Opportunities, 3.5.Technology landscape SWOT analysis for TUI Travel PLC. 9.3.5.SWOT analysis, 9.4.1.Business overview Uttarakhand has immense tourism potential; a potential that it must leverage and About Us:Market is changing rapidly with the ongoing expansion of the industry. This category covers culinary tours and inspiring wine tours in Sonoma and Napa valleys, national parks in California, Arizona and Utah and wildlife experiences in Wyoming and Alaska. 8.2.7.5.Comparative market share analysis, 2019 & 2027, 8.2.8.1.Market size and forecast, by Type, 2019-2027 The ancient temples in India and Thailand, the Great Wall in China, the Egyptian Pyramid, K-2 in Pakistan, Himalayas mountain, ruins of ancient Greeks, Stonehenge in the UK, and many other places around the world are a cultural heritage that attracts thousands of tourists every year. The company also introduced new trips through Tailor Made USA itineraries category. 8.3.7.3.Market size and forecast, by type of travelers, 2019-2027 Thats why we dont see often professionalism in the tourism industry. It did happen and it impacted a lot of small businesses. Adventure travel operators are focusing on virtual reality, in order to offer tourists with realistic visual experience of adventure activities and natural surroundings. Some of the key players profiled in the study are, Adventure Theme Park Market is Going to Boom | WildPlay, Adventure Park Lubbock, , Global Adventure Theme Park Market is latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities and leveraged with strategic and tactical decision-making support. These factors are projected to drive the growth of the market in the forecast years. 8.2.8.2.Market size and forecast, by activity, 2019-2027 It is used to analyze the external and internal environments of an organization, assessing its capabilities and limitations. This factor is directly influencing families to go explore adventure travel. To know more about adventure tourism market drivers, Potential risks engaged in adventure travel is the major restraint for the adventure tourism market, Incorporation of new technologies by the key operators is a significant growth opportunity in the market. 9.8.2.Financial performance SWOT is an acronym for "Strengths, Weaknesses, Opportunities, and Threats.". SWOT analysis can help you identify the internal and external factors affecting your business. The countries that have realized the significance of the tourism industry, earn billions of dollars of revenue annually from it. To ensure that tourism remains a key economic pillar, a bold target, Tourism 2015, was unveiled in the year 2005. It is indeed the very lap of nature. UTMS Journal of Economics 8 (2): 159-167. Kickstart 2022 with a SWOT analysis. 8.2.7.2.Market size and forecast, by activity, 2019-2027 SWOT Analysis and Strategies to Develop Sustainable Tourism in Bangladesh. Based on type, soft was the most prominent segment accounting for $14,027 million in 2019. Most of the businesses and companies in the tourism industry use conventional marketing strategies. The global adventure tourism market players are Butterfield & Robinson Inc., MTSOBEK, Recreational Equipment, Inc., Topdeck Travel Limited, Lindblad Expeditions, ElderTreks, Austin Adventures, Intrepid Group, Abercrombie & Kent USA, LLC. 8.4.7.4.Market size and forecast, by age group, 2019-2027 The tourism and travel industry plays a significant role in the economy of a country. The trip itinerary covers national parks in California, Arizona and Utah; wildlife experiences in Wyoming and Alaska; culinary tours and inspiring wine tours in Sonoma and Napa valleys. 9.2.3.Product portfolio These factors are predicted to propel the growth of the adventure tourism market in the analysis period. 8.4.9.4.Market size and forecast, by age group, 2019-2027 It covers Canada market data and forecasts. In the tourism sector, several authors have used the SWOT analysis to understand better the challenges the tourism sector faces at different levels, including the environmental side [15-19]. Description. 1.1.Desk Research Overcome organization's threats. Theres a perception among the public that the hospitality industry is very costly. 9.3.2.Financial performance 9.6.2.Financial performance 1 Adventure Tourism Market Overview1.1 Product Overview and Scope of Market1.2 Market Segment by Type1.3 Global Market Segment by Application1.4 Global Market, Region Wise (2018-2028)1.5 Global Market Size of Adventure Tourism (2018-2028)1.5.1 Global Market Revenue Status and Outlook (2018-2028)1.5.2 Global Market Sales Volume Status and Outlook (2018-2028)1.6 Global Macroeconomic Analysis1.7 The impact of the Russia-Ukraine war, 2 Industry Outlook2.1 Industry Technology Status and Trends2.2 Industry Entry Barriers2.2.1 Analysis of Financial Barriers2.2.2 Analysis of Technical Barriers2.2.3 Analysis of Talent Barriers2.2.4 Analysis of Brand Barrier2.3 Market Drivers Analysis2.4 Market Challenges Analysis2.5 Emerging Market Trends2.6 Consumer Preference Analysis2.7 Industry Development Trends under COVID-19 Outbreak2.7.1 Global COVID-19 Status Overview2.7.2 Influence of COVID-19 Outbreak on Industry Development, 3 Global Adventure Tourism Market Landscape by Player3.1 Global Sales Volume and Share by Player (2018-2023)3.2 Global Revenue and Market Share by Player (2018-2023)3.3 Global Average Price by Player (2018-2023)3.4 Global Gross Margin by Player (2018-2023)3.5 Market Competitive Situation and Trends3.5.1 Market Concentration Rate3.5.2 Market Share of Top 3 and Top 6 Players3.5.3 Mergers and Acquisitions, Expansion, 4 Global Adventure Tourism Sales Volume and Revenue Region Wise (2018-2023)4.1 Global Sales Volume and Market Share, Region Wise (2018-2023)4.2 Global Revenue and Market Share, Region Wise (2018-2023)4.3 Global Sales Volume, Revenue, Price and Gross Margin (2018-2023)4.4 United States Sales Volume, Revenue, Price and Gross Margin (2018-2023)4.4.1 United States Market Under COVID-194.5 Europe Sales Volume, Revenue, Price and Gross Margin (2018-2023)4.6 China Sales Volume, Revenue, Price and Gross Margin (2018-2023)4.7 Japan Sales Volume, Revenue, Price and Gross Margin (2018-2023)4.8 India Sales Volume, Revenue, Price and Gross Margin (2018-2023)4.9 Southeast Asia Sales Volume, Revenue, Price and Gross Margin (2018-2023)4.10 Latin America Sales Volume, Revenue, Price and Gross Margin (2018-2023)4.11 Middle East and Africa Sales Volume, Revenue, Price and Gross Margin (2018-2023), 5 Global Adventure Tourism Sales Volume, Revenue, Price Trend by Type5.1 Global Sales Volume and Market Share by Type (2018-2023)5.2 Global Revenue and Market Share by Type (2018-2023)5.3 Global Price by Type (2018-2023)5.4 Global Sales Volume, Revenue and Growth Rate by Type (2018-2023), 6 Global Adventure Tourism Market Analysis by Application6.1 Global Consumption and Market Share by Application (2018-2023)6.2 Global Consumption Revenue and Market Share by Application (2018-2023)6.3 Global Consumption and Growth Rate by Application (2018-2023), 7 Global Adventure Tourism Market Forecast (2023-2028)7.1 Global Sales Volume, Revenue Forecast (2023-2028)7.2 Global Sales Volume and Revenue Forecast, Region Wise (2023-2028)7.3 Global Sales Volume, Revenue and Price Forecast by Type (2023-2028)7.4 Global Consumption Forecast by Application (2023-2028)7.5 Market Forecast Under COVID-19, 8 Adventure Tourism Market Upstream and Downstream Analysis8.1 Industrial Chain Analysis8.2 Key Raw Materials Suppliers and Price Analysis8.3 Manufacturing Cost Structure Analysis8.3.1 Labor Cost Analysis8.3.2 Energy Costs Analysis8.3.3 RandD Costs Analysis8.4 Alternative Product Analysis8.5 Major Distributors Analysis8.6 Major Downstream Buyers Analysis8.7 Impact of COVID-19 and the Russia-Ukraine war on the Upstream and Downstream in the Industry, 9 Players Profiles10 Research Findings and Conclusion, 11 Appendix11.1 Methodology11.2 Research Data Source, Get Detailed TOC of Global Adventure Tourism Market -https://www.precisionreports.co/TOC/22377540, Purchase this report (Price 3250 USD for a single-user license) -https://www.precisionreports.co/purchase/22377540. Plus get a 425+ Page SBA Approved Lender Directory! An efficient strategy offers the companies with a head start in planning and an edge over the competitors. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Global Adventure Theme Park Market. 8.2.7.Germany, 8.2.7.1.Market size and forecast, by Type, 2019-2027 8.1.7.3.Market size and forecast, by type of travelers, 2019-2027 9.1.5.SWOT analysis, 9.2.1.Business overview Published Date: Feb It's a great tool to help businesses take a look at multiple internal and external factors that together significantly influence your operating . 8.3.4.Market size and forecast, by age group, 2019-2027 As part of this research, TRA came out with a classic SWOT analysis of Australia's . Some of the potential risks involved in adventure tourism are unpredictable climate changes, habitat loss and cultural & language loss. 9.6.4.Recent strategic moves & developments 8.2.10.2.Market size and forecast, by activity, 2019-2027 Different kinds of lodgings and accommodations for different types of people also attract people. This factor is predicted to drive the market growth in the Europe region. The tech development and progress that we see in different fields like transport, hotels, and luxury are all moving in a different direction. 8.4.7.5.Comparative market share analysis, 2019 & 2027, 8.4.8.1.Market size and forecast, by Type, 2019-2027 This Adventure Tourism Market Research Report offers a thorough examination and insights into the market's size, shares, revenues, various segments, drivers, trends, growth, and development, as. As travelers seek new and different experiences, adventure tourism continues to grow in popularity. 3.2.Key takeaways, 3.2.1.Top investment pockets 2.3.Activity trends Following are greatest threats to the tourism industry. Further, rising number of online travel agents due to growth in the number of independent/solo travelers is anticipated to accelerate the market growth in the coming years. It could be the professional product quality and service, or the professional way of doing business. 168 European Journal of Sustainable Development (2014), 3 , 1, 167-178 Several countries are making an effort to become smart and sustainable tourist destinations, making it. 8.4.7.Latin America, 8.4.7.1.Market size and forecast, by Type, 2019-2027 Such festivals and their unique history provide a unique experience to the people. you cant do anything about it. For instance, in May 2020, Abercrombie & Kent expanded their offering in the Alaska and American West by adding 6 new tailor-made adventure trips and 2 new great American road trips. The Adventure Tourism Market Report has 102 pages and has a detailed table of contents, a list of data, tables, and charts, along with an in-depth analysis. Review, Click We've been tracking the direct and indirect consequences of the COVID-19 outbreak on the Adventure Tourism market. The study encompasses a variety of analytical resources such as SWOT analysis and Porters Five Forces analysis coupled with primary and secondary research methodologies.
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