All Adventure Travel articles – Page 5
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News briefsBurbank succeeds Millenacker as global brand president of Royal Robbins
Source: Royal Robbins Erik Burbank Fenix Outdoor has appointed Erik Burbank as global brand president of Royal Robbins. Burbank, an industry veteran with extensive experience leading brands in the U.S. and Europe, will succeed Michael Millenacker, who is retiring at the end of the year. Burbank will ...
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News briefsFitur launches new sports tourism exhibition space “Fitur sports” at its 2023 show
Fitur, the international tourism fair organized by IFEMA Madrid, has announced the addition of a dedicated extra exhibition space that will focus on sports tourism, one of the fastest-growing tourism products worldwide. The special area is organized in collaboration with AFYDAD, the Spanish association of manufacturers and distributors of sporting ...
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ArticleU.S. outdoor recreation industry rebounds
Inflation-adjusted (“real”) GDP for the U.S. outdoor recreation economy increased 18.9 percent in 2021, compared to a 5.9 percent growth for the overall U.S. economy, according to recent figures by the U.S. Bureau of Economic Analysis (BEA). Growth in 2021 reflected a rebound after dropping 21.6 percent in 2020. The ...
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ArticleYeti beats expectations in Q3 as international sales jump 60%
Yeti beat market expectations for sales and earnings in the third quarter, as international revenues jumped by 60 percent, and the company said it was “well-positioned” for the holiday season in the fourth quarter. In the third quarter, sales for the premium drinkware and cooler brand increased by 20 percent ...
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ArticleWinter season in Austria can be a success despite challenges, study says
At a press conference in late October, tourism state secretary Susanne Kraus-Winkler and Österreich Werbung (OW; Austria Tourism) managing director Lisa Weddig addressed the current status quo of the tourism industry and the potential for the 2022/23 winter season, revealing that the industry made a comeback this summer, people are ...
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ArticleYakima with new global organizational structure
Yakima, a manufacturer of transportation and equipment management solutions headquartered in Oregon, USA, has announced that Ryan Martin, current CEO of the Americas region, will expand his responsibilities to also drive strategic direction and growth in Australasia (Australia, New Zealand and the adjacent Pacific Islands) and EMEA (Europe, Middle East ...
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ArticleClarus misses sales, earnings targets on currency effects, freight costs
Clarus Corp. reported an operating income of $6.1 million against a loss of $282,000 in the third quarter despite missing revenue and earnings per share projections. In reporting a 39 percent decline in net profit to $2.75 million from $4.53 million, the group said higher freight costs lowered its profitability ...
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News briefsEddie Bauer Korea collabs with sneaker brand for outdoor-inspired collection
Eddie Bauer’s Korean partner CJ ENM is collaborating with local sneaker brand Mother Ground for its latest collection, which is released this November. The collection includes outerwear, sneakers and accessories inspired by Mother Ground’s chief designer’s journey to Karakoram Pass, the highest point on the ancient Silk Road. Eddie ...
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ArticleSlumping bike product sales cause double-digit sales decline at Thule Group in Q3
More expensive raw materials, higher freight costs, unfavorable exchange rates, etc. – initially, Thule Group AB was still somehow able to offset the effects of the Russian invasion of Ukraine with price increases and efficiency measures. But even then, the Swedish company explicitly referred to the unstable market situation in ...
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ArticleSurvey: Winter tourists shifting from slopes to hiking trails
According to a YouGov survey commissioned by German sportswear manufacturer Schöffel, winter travelers are making changes to their activities. Above all, increased cost of living and energy prices are changing winter vacations for many Germans this season. Of those surveyed, 87 percent expect winter vacations to become more expensive in ...
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ArticleOutdooractive becomes a founding member of the Tourism Tech Alliance (TTA)
Outdooractive, a pioneer of decentralized data collection, hierarchical data management and organized data distribution for more than 15 years, has joined Neusta DS, Infomax and Land in Sicht as a founding member of the Tourism Tech Alliance (TTA), an association of the leading technology companies in tourism. With the TTA, ...
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News briefsGerman RV P2P portal Paulcamper sold to Australia for €31 million
Berlin-based startup Paulcamper has sold its entire stake. The new owner is the listed company Camplify from Australia, which was founded in 2015. Camplify is one of Australia’s leading peer-to-peer (P2P) platforms that connects owners of campervans or RVs with renters, which is the same business model that Paulcamper operates. ...
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News briefsThule cuts jobs in the U.S.
The American division of Sweden-based Thule Group is implementing organizational changes that involve the commercial management team, product development and manufacturing. There have been “a limited number” of staff changes in commercial management, said Hilary Hartley, the president of Thule Group’s region America branch. Also, the company has decided to ...
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ArticleThule again comments on the current market situation in the bicycle industry
In mid-September, Thule Group provided a trading update regarding the negative impact of the current market situation in the bicycle retail industry. High inventories of bicycles and bike accessories at retailers in Europe and North America were expected to negatively impact Thule Group’s sales and profitability until the next bike ...
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News briefsAndalusian bike chain benefits from tourism
BikePhilosophy, with stores in Marbella, Málaga and Vélez-Málaga, enjoyed a year-on-year rise in sales of 30 percent in the third quarter, according to CMDsport. The Spanish retailer’s first quarter fell short of expectations, with a rise of 9 percent, but business has picked up since July, resulting in a rise ...
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News briefsAdventure tourism doing record business in Spain
Spain’s adventure tourism sector is expected by the end of this year to exceed €26 billion in revenues, according to CMDsport, whose report draws on the forecasts of Yumping.com, themselves grounded in national economic figures. The projection for 2022 revenues would exceed the total for the pre-lockdown year of 2019 ...
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ArticleAdventure Travel Trade Association announces new board of directors
The Adventure Travel Trade Association (ATTA) has appointed a board of directors, marking a shift away from the advisory board it has had for the last 18 years. The change was initiated at the height of the Covid-19 pandemic when traditional banks were reluctant to work with the private sector ...
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ArticleAdventure tourism market to reach $1.009 trillion in size by 2030
According to a new report by Grand View Research, Inc, a U.S. market research and consulting firm, the global adventure tourism market – valued at $282.1 billion in 2021 – is estimated to reach $1.009 trillion by 2030, at a Compound Annual Growth Rate from 2022 to 2030 of 15.2 ...
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ArticleThule Group maintains Q2 gross margin on price hikes, efficiencies
Source: Thule Group Magnus Welander, President and CEO Thule Group was able to maintain its second-quarter gross margin rate at 42.2 percent year-on-year through price increases and efficiencies that helped offset negative margin impacts from higher raw material costs and freight prices coupled with unfavorable exchange rates. ...
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ArticleDometic sees organic sales slip 1% in Q2, unveils new efficiency measures
Dometic saw a 1 percent decline in organic sales in the second quarter of 2022 as Service and Aftermarkets sales slipped following a strong year-earlier performance and retailers globally rebalanced their inventory levels amid tougher market conditions. Acquisitions and foreign currency tailwinds nonetheless allowed the company to boost its top ...
