Outdoor Vacation Market on Track for Strong Growth, Estimated to Grow at 19.5% CAGR Through 2029

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Is the Expected CAGR for the Outdoor Vacation Market Through 2025?
In recent times, the outdoor vacation market size has seen an enormous growth. The increase project it to expand from $841.01 billion in 2024 up to $1009.43 billion in 2025, reflecting a compound annual growth rate (CAGR) of 20.0%. Factors that have contributed to this surge during the historic period include an increase in disposable income levels, heightened health consciousness, a burgeoning interest in adventure and experiential travel, governmental promotion and support for tourism, and a rise in spending by the middle class.

What's the Projected Size of the Global Outdoor Vacation Market by 2029?
It is projected that the outdoor vacation market will experience accelerated growth in the forthcoming years, with its value expanding to $2060.03 billion in 2029 at a compound annual growth rate (CAGR) of 19.5%. Factors catalyzing growth in the forecasted period include the surge in remote work and digital nomad trends, enhancements in worldwide transportation systems, the need for superior outdoor equipment, a growing interest in ecotourism, and heightened awareness of climate change effects promoting eco-friendly and nature-oriented travel options. Key trends forecasted for this period involve the embracement of IoT and AI-based technologies, an upsurge in virtual reality (VR) technology utilization, increased adoption of contactless payments, expansion in mobile payment solutions, and an elevation in integrated payment systems.

View the full report here:
https://www.thebusinessresearchcompany.com/report/outdoor-vacation-global-market-report

Top Growth Drivers in the Outdoor Vacation Industry: What's Accelerating the Market?
The outdoor vacation market is predicted to experience significant growth due to the increasing inclination towards adventurous tourism. This type of tourism entails travel involving physical exertion, exploration, or excursions to distant or exotic places, typically presenting a high degree of thrill and challenge. The burgeoning interest in adventure tourism underscores the rising consumer yearning for unique, all-encompassing experiences, personal accomplishment pursuits, and heightened access to previously inaccessible locations. Outdoor holidays bolster adventure tourism by providing varied, engaging environments for pursuits such as hiking, climbing, and kayaking, attracting adventure enthusiasts and supporting the sector's expansion. For example, as reported by the Spain-based UN Tourism, a specialized agency of the United Nations endorsing universally accessible tourism, in the year's first quarter in 2023, international arrivals attained 80% of the levels seen before the pandemic. Around 235 million tourists embarked on international journeys during the first quartile - more than double the count from the equivalent term in 2022. Thus, the shift towards adventurous tourism stands as a significant factor propelling the outdoor vacation market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=18692&type=smp

Which Emerging Trends Are Transforming the Outdoor Vacation Market in 2025?
Leading businesses in the outdoor holiday market are concentrating on cutting-edge travel solutions, such as adventure trips, to appeal to adrenaline junkies and adventure devotees, delivering unique experiences. Adventure journeys offer thrilling and engaging experiences, from hiking and wildlife tours to extreme sports. For example, in March 2024, Trek Travel, an American tour firm, introduced new hiking and walking tours. These tours encompass destinations like Italy's Cinque Terre, Scotland, Portugal, and Ireland. Offering premium accommodations, exquisite meals, and professional guides, these tours provide a truly unforgettable adventure experience.

What Are the Main Segments in the Outdoor Vacation Market?
The outdoor vacation market covered in this report is segmented -

1) By Tour Type: Volunteering Trips, Culinary Tour, Leisure Tour, Heritage Trip, Other Tour Types
2) By Traveler Type: Couple, Family, Solo, Group
3) By Age Group: Generation Z, Millennial, Generation X, Baby Boomers, Other Age Groups
4) By Mode Of Booking: Travel Agent, Online Travel Agency

Subsegments:
1) By Volunteering Trips: Conservation and Wildlife Projects, Community Development Programs, Eco-Tourism Volunteering
2) By Culinary Tour: Local Food and Wine Tours, Cooking Classes and Workshops, Farm-to-Table Experiences
3) By Leisure Tour: Beach Vacations, Wellness Retreats, Adventure and Relaxation Combo Tours
4) By Heritage Trip: Historical Site Tours, Cultural Immersion Experiences, Religious Pilgrimages
5) By Other Tour Types: Adventure Travel (Hiking, Trekking), Wildlife Safaris, Photography Tours

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=18692&type=smp

Which Top Companies are Driving Growth in the Outdoor Vacation Market?
Major companies operating in the outdoor vacation market are American Express, Expedia Inc., Recreational Equipment Inc., Travel + Leisure, World Travel Inc., Abercrombie & Kent USA LLC, Intrepid Travel, Thomas Cook, Kensington Tours Ltd., G Adventures, Micato Safaris, Backroads, Autocamp, Hipcamp Inc., Butterfield & Robinson, Zicasso, Exodus Travels Limited, Scott Dunn Ltd., JTB Americas Ltd., Austin Adventures, Cox & Kings, Outdoor Travel Adventures

Which Regions Will Dominate the Outdoor Vacation Market Through 2029?
North America was the largest region in the outdoor vacation market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the outdoor vacation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=18692

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Speak With Our Expert: Saumya Sahay: Americas +1 310-496-7795: Asia +44 7882 955267 & +91 8897263534: Europe +44 7882 955267: Email: saumyas@tbrc.info: The Business Research Company - www.thebusinessresearchcompany.com: Follow Us On: LinkedIn: https://in.linkedin.com/company/the-business-research-company

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.