Adventure tourism market to reach $215.6 million by 2031

31-07-24

According to a new report published by Allied Market Research, the global adventure tourism market size was valued at $324.9 billion in 2022 and is projected to reach $2 billion by 2032, growing at a compound annual growth rate (CAGR) of 19.5% from 2023 to 2032. 

The report provides detailed analysis of key investment opportunities, winning strategies, drivers and opportunities, market size and estimates, competitive landscape, and changing market trends.

The global adventure travel market is experiencing growth due to several factors, including rising revenue levels in emerging geographies and decreasing costs related to air travel and accommodation, mobile applications, big data analytics and artificial intelligence evolving along with the proliferation of the travel industry, and high internet penetration.