Winter Adventures Tourism Market is Expected to Grow at an 8% CAGR in 2032 | FMI

The winter adventures tourism market is poised to reach a valuation of US$120.0 Bn in 2022. Sales are projected to increase at an 8% CAGR, with the market size reaching US$ 143.0 Bn by 2032.

Following the COVID-19 epidemic, social media platforms are being utilized more and more to promote the services of international winter adventures tourism market.

Customers’ sound financial standing and desire to study and educate themselves are fostering market expansion. Millennials like travelling and discovering other locations’ unique food, transportation options, etc.

The ability to customize winter adventure itineraries for specific customers, as well as the provision of lodging, local cuisine, transportation services, etc., are some of the factors driving the worldwide winter adventure industry.

The global expansion of winter adventure industry is being aided by the firms’ digital presence. Additionally, it enables businesses to provide special deals and group discounts to clients.

“Due to the firms’ growing online presence, the winter adventure market is growing. “- Says an FMI analyst.

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Key Takeaways:

• The most preferred winter adventure is Free riding. This is because it is sustainable to the nature. Hence, customers prefer that over anything else.
• The age group of 26-35 years prefers participating in winter adventures tourism. This age group loves to do adventurous stuffs and exploring.
• Online booking channel is the most used channel and will continue to be the same. It is due to the increased digital presence of the companies in the winter adventure markets.
• International tourists prefer to do winter adventures tourism. The domestic tourists are always willing to do these winter adventures tourism close to their homes.

Impact of COVID-19 on the Winter adventures tourism Market

The covid-19 outbreak caused numerous winter adventures tourism businesses to close their doors and suffer losses over the world. However, after the lockdown was removed, businesses likewise saw a large increase in consumers.

After the COVID-19 outbreak, the use of winter adventures tourism has increased again because to the demand for personalization and real-time connectivity. Additionally, people are more likely to pay more for superior experiences and goods. Because of the optimism around the post-pandemic tour demand, many marketers who had left due to concerns about the collapse of the global winter adventures tourism are actually coming back.

Agents who formerly conducted business offline are now embracing new technology, transforming into winter adventures tourism, and even engaging in social media marketing activities.

Who is winning?

Leading players of the Winter adventures tourism market are focusing on improving their digital presence and providing great tour packages for their customers

Major players present in the Winter adventures tourism are Exodus Travels, Walkers’ Britain, Trafalgar, Expat Explore, Utracks, Nordiva Tours, Active Adventures, Explore, Intrepid Travel, Topdeck and Georgian Holidays LLC among others.

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Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the Winter adventures tourism market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on Winter adventures tourism by Type (Free Riding Snowkiting, Ice yachting, Snow kayaking, Ice surfing, Ice climbing, Shovel racing, Ice diving, Snowcross, Speed flying , Ski biking and Others), By Booking Channel (Online Winter adventures tourism, Traditional Agents, and Direct Booking), By Tourist Type (Domestic and International), By Tour Type (Independent Traveler, Package Traveler and Tour Group), By Consumer Orientation (Men and Women) By Age Group (15-25 Years, 26-35 Years, 36-45 Years, 46-55 Years, and 66- 75 Years) & Region