Business

The International Market of Adventure Tourism is Expected to Grow at the CAGR of 17.4% from 2017 to 2023

The worldwide adventure tourism market is expected to reach 1,335,738 million US$ in the year 2023 with a CAGR of 17.4%. Adventure tourism is the type of tourism that involves traveling to extreme locations that offer unique and challenging fun during travel. Adventure tourism involves various activities during travels.

Adventure tourism is growing at a fast rate throughout the world because travelers around the world want to visit unique and challenging places. Governments around the world are also encouraging people to visit these locations. The weather conditions and risks involved in adventure tourism is hindering the market growth.

The increased involvement of social media in tourism is also creating a market for adventure tourism. The market of adventure tourism is divided based on the types of tourism, Geographical location and the activities involved. The market is also segmented into different types to show the complete overview of Adventure tourism. Land-based activities were the major contributor in 2016 and air based activities are expected to grow in the forecast period.

 

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https://www.alliedmarketresearch.com/adventure-tourism-market