New Adventure Tourism Market Research Highlights Recovery Path for Businesses from COVID-19 based on Types - Domestic Adventure Tourism and International Adventure Tourism | Technavio

LONDON--(BUSINESS WIRE)--The new Adventure Tourism Market Research from Technavio indicates Negative and Inferior growth in the short term as the business impact of COVID-19 spreads.

As the markets recover Technavio expects the adventure tourism market size to grow by USD 594.88 billion during the period 2020-2024.

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Adventure Tourism Segment Highlights for 2020

• The adventure tourism market is expected to post a year-over-year growth rate of -40.85%.

Regional Analysis

• 33% of the growth will originate from the APAC region.
• China and Japan are the key markets for adventure tourism in APAC.

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Notes:

• The adventure tourism market size is expected to accelerate at a CAGR of over 9% during the forecast period.
• The adventure tourism market is segmented by type (domestic adventure tourism and international adventure tourism), category (thrill tourism, eco-tourism, accessible tourism, and ethno-tourism), contribution toward GDP (indirect contribution, direct contribution, and induced contribution), and geography (APAC, Europe, MEA, North America, and South America).
• The market is fragmented due to the presence of many established vendors holding significant market share.
• The research report offers information on several market vendors, including Abercrombie & Kent USA LLC, Austin Adventures, Butterfield & Robinson Inc., G Adventures, Intrepid Group, Lindblad Expeditions Holdings Inc., MT Sobek, National Geographic Partners LLC, Recreational Equipment Inc., and TUI AG.

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Coverage

Regions Covered

Worldwide

Topics Covered

COVID-19, Adventure Tourism, Tourism, Domestic Adventure Tourism and International Adventure Tourism