From volcano-boarding in Nicaragua to cage-diving with sharks in South Africa, the rise of the global middle class is driving more demand for new holiday experiences – and prompting the industry to offer more adventurous options.
According to new research revealed at the recent World Travel Market in London, The WTM Global Travel Report – compiled in association with researchers at Oxford Economics – says that the emergence of more affluent consumers in markets around the world is driving “shifts” in the traditional travel norms – with some intrepid travellers even seeking riskier activities.
“The popularity of travel has fuelled remarkable creativity (and) a broadening range of activities is available to consumers, driven by growing demand for new and unique experiences,” says the report, “Consumers are also more open to adventure, thrill-seeking, and extreme experiences. Soft adventure activities, which are generally low risk and require limited experience, such as hiking, cycling and wildlife watching, represent the largest share of adventure tourism opportunities.
“However, hard adventure activities, like skydiving, mountaineering and whitewater rafting, are likely to gain increased traction among a typically wealthier audience more open to adventure and willing to take higher risks. This type of riskier travel is also known as frontier travel.”
Tourism Economics found that compared to five years ago:
29% of travellers reported increased interest in adventure travel
34% of consumers reported a growing interest in rural and nature-based tourism
57% of travellers are more interested in visiting new destinations
This increased demand for fresh places to visit will drive growth in smaller countries, such as Armenia and Serbia in Europe, as well as African destinations, which offer safari holidays and adventure travel, added the report.
Saudi Arabia and Albania achieved visitor arrival growth of 80% and 74% respectively in 2024 compared to 2019, it noted, thanks to the urge to explore off the beaten track.
The “experience economy,” in which consumers prioritize memories over physical goods, has also seen growth over the last decade as developing markets have spent a higher share of their disposable income on travel, catching up the proportion of spending in many advanced economies.
Gen Z and Millennials place greater emphasis on experiences rather than materialistic goods, “which bodes well for the travel outlook,” said the report. “The seemingly boundless opportunities for travel companies to innovate by offering distinct and personalized offerings, aided by technology, presents exciting possibilities for the industry.”
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