#Global #Adventure #Tourism #Market #Gather
New York, USA, Oct. 24, 2022 (GLOBE NEWSWIRE) — According to the newly published Research Dive report, the global adventure tourism market is expected to garner $1,796,243.8 million by 2027 and rise at a stable CAGR of 15.0% in the 2019-2027 timeframe. This comprehensive Research Dive report presents a brief outlook of the current framework of the adventure tourism market including its priority features like growth drivers, growth opportunities, restraints, and hindrances during the forecast timeframe of 2019-2027. The report also contains all the crucial market figures to help new entrants understand the market easily.
Dynamics of the Adventure Tourism Market
Drivers: The growing interest among the global populations to travel to and explore new destinations is predicted to be the primary growth driver of the adventure tourism market in the forecast period. Additionally, the health benefits associated with travelling such as reduction in mental stress, anxiety, stress, etc. is predicted to help the market grow substantially in the forecast period.
Access an Exclusive PDF Sample of Adventure Tourism Market (Including Tables, TOC, and Figures)
Opportunities: Use of advanced technology by key operators to attract customers is predicted to offer numerous growth opportunities to the market in the forecast period. Furthermore, increased craze for adventure travelling is anticipated to push the market forward.
Restraints: However, according to market analysts, the potential risks engaged in adventure travel might become a restraint in the growth of the adventure tourism market.
Impact of Covid-19 on the Adventure Tourism Market
The novel coronavirus had wreaked havoc in the world. The lockdowns put in place to curb the virus affected various industries and their production cycles. The adventure tourism market, too, faced tremendously negative impact of the pandemic. The travel restrictions and lockdowns drastically brought down the number of adventure…
Read on GNW: Global Adventure Tourism Market to Gather $1,796,243.8