The global adventure tourism market will grow from 2018-2022, according to Technavio’s latest market research report.
That grow emerging trend is a factor that has the potential to significantly impact the market and contribute to its growth or decline.
Technavio is a leading market research company with global coverage. Founded in 2000, the London market research company is guide by principles as easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing, its official web site explain.
According to Technavio analysts, the global adventure tourism market will grow at a CAGR of close to 46% during the forecast period. The increasing spending capability is a major factor driving the market’s growth.
“The affordability of high-end products and services has increased in developing countries owing to the rising spending capability of the population. Thus, higher disposable incomes in Pacific Rim countries such as Malaysia, Indonesia, and Vietnam are anticipated to drive market growth even further.
Furthermore, the number of working women has increased considerably around the world. This trend is giving a financial boost to the overall income of families, allowing consumers to spend lavishly on travel and other related activities”, the report added.
Technavio highlights the launch of low-cost airlines as one of the key emerging trends in the global market. Adventure tourism may also involve further traveling to reach a point where adventure activities take place.
G Adventures, a travel company based in Toronto, Canada, put together its forecast of trending destinations for adventure travel in 2018. The list includes up-and-coming contenders, favorites with a twist, as well as socially driven opportunities.
In first place of the list is Egypt that according to G Adventures will become home to the world’s largest archaeological museum when it opens the Grand Egyptian Museum in 2018.
One exhibit includes treasures from King Tut’s unearthed tomb. Despite struggling in recent years, the country is on track for a comeback as its.
Next in the list are Portugal, Sri Lanka, Colombia where inbound tourism skyrocketed more than 250 percent in the past 10 years, Kyrgyzstan, in Asia, for its spectacular mountainscapes, horseback riding in the scenic valleys, and welcoming people, Morocco, Hawaii, South Africa, Bolivia where travelers can stay in a salt lodge in Santiago de Agencha, and learn about the indigenous culture and traditional quinoa production and Oman “the Switzerland of the Middle East”.