Press release
Australia Adventure Tourism Market 2026 Trends : Expected to Grow at a CAGR of 21.0% from 2021 to 2027, Claims AMR
Rapid development of the global travel & tourism industry, increase in disposable income, pursuit of unique experiences to augment the tourism industry, and high penetration of Internet drive the growth of the Australia adventure tourism market. On the other hand, surge in terrorism & crime rate, political uncertainty, and natural calamities restrain the growth to some extent. Nevertheless, rise of social media is anticipated to pave the way for lucrative opportunities in the sector.
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The Australia adventure tourism market is analyzed across type, activity, type of traveler, age group, and sales channel. . Based on type, the soft segment contributed to more than three-fifths of the total market share in 2019, and is expected to lead the trail by 2027. The same segment would also cite the fastest CAGR of 21.6% from 2021 to 2027.
Based on activity, the land-based activity segment accounted for half of the total market revenue in share in 2020, and is anticipated to rule the roost by 2027. The air-based activity segment, however, would grow at the fastest CAGR of 21.8% from 2021 to 2027.
Based on type of traveler, the couple segment held the major share in 2019, generating more than half of the Australia adventure tourism market. The same segment would also manifest the fastest CAGR of 21.7% during the forecast period.
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The leading market players analyzed in the Australia adventure tourism market report include Discovery Nomads, Trafalgar Travel, Contiki, AAT Kings Tours Limited, G Adventures, Insight Vacations, Intrepid Group, Ltd, Intro Travel, Inspiring Journeys, and Ultimate Adventure Travel Pty Ltd. These market players have adopted different strategies including partnership, expansion, collaboration, joint ventures, and others to reinforce their status in the industry.
Key findings of the study
Based on type, the soft segment is projected to witness the highest CAGR of 21.6% in revenue terms during the forecast period.
Based on activity, the land-based activity segment is expected to dominate the market through 2021-2027.
Based on type of traveler, the couple segment was the largest and the fastest growing market segment.
Based on age group, the 30-41 years segment was the dominant segment in 2019.
Based on the sales channel, direct was the most prominent segment in 2019.
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Know More- https://www.globenewswire.com/news-release/2021/09/09/2294572/0/en/Australia-Adventure-Tourism-Market-Is-Expected-to-Reach-33-51-Billion-by-2027-Says-AMR.html
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