Houston, TX -- (SBWIRE) -- 01/18/2019 -- Adventure travel is a kind of niche tourism, which includes numerous activities such as caving, climbing, cycling, hiking, hunting, rafting, and others. However, involvement of high risk in adventure travelling and unpredictable weather conditions hinder the growth of the market

According to a new report published by Market, entitled "Adventure tourism market by type, activity, type of traveler, age group and sales channel: Analysis of global opportunity and industry forecast, 2019-2026," The global market of adventure tourism was valued at $ 444,850 million in 2016, and is projected to reach $ 1,335,738 million in 2026, registering a CAGR of +18% from 2019 to 2026.

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Major companies profiled in the report include Austin Adventures, Inc., G Adventures Inc., Mountain Travel Sobek, TUI AG., ROW Adventures, REI Adventures, InnerAsia Travel Group, Inc., Intrepid Group Limited, Butterfield & Robinson Management Services, Inc., and Abercrombie & Kent Group of Companies S.A.
Based on activity, it is divided into land-based activity, water based-activity, and air-based activity. Depending on type of travelers, it is fragmented into solo, friends/group, couple, and family. According to age group, it is categorized into below 30 years, 30-41 years, 42-49 years, and 50 years & above. The sales channel segment includes travel agent and direct. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA

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Adventure tourism has grown exponentially all over the world in recent years, as travelers are interested in visiting undiscovered destinations. In addition, with the significant increase in government initiatives in the form of public and private partnerships to promote tourism, it has boosted the growth of the global adventure tourism market. However, the risk involved in adventure travel and unpredictable weather conditions restrict market growth. On the contrary, it is anticipated that the increase in the trend of social networks will provide a lucrative opportunity for market growth, since Facebook has become the preferred social networking site among travelers to obtain the best travel deals.

Major Factors Report:
Global Adventure Travel Market Research Report
- Global Economic Impact on Industry
- Global Supply (Production), Consumption, Export, Import by Regions
- Global Production, Revenue (Value), Price Trend by Type
- Global Market Analysis by Application
- Manufacturing Cost Analysis
- Market Effect Factors Analysis
- Global Adventure Travel Market Forecast

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