Baños de Agua Santa (Baños) is a small mountain town in the cloud forest, initially unimpressive.

But it’s the nation’s gateway to the Amazon. And legitimately touted the Adventure Capital of Ecuador. Activities similar to what you are offered in New Zealand, but for 20% of the cost. Or less. (MIGHT be some compromises on safety and liability, however. 😀)
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I came for the hiking and cycling. And for altitude acclimatization. It’s at 1,820 metres (5,971 feet). Next stop for me is Kilimanjaro.
Tour guides tout rafting, kayaking, canyoning, bridge jumping, and horseback riding.
BEST for me was the 25km downhill cycling “Ruta de las Cascadas” (Waterfall Route). Rent a bike for $7-10 / day. They hand you a map. And GO.
En route I stopped for a stand-up zip line over Cascada de Agoyán. $2.

And a seated zip-line.
Returned on foot by a LONG Tibetan Bridge over 170 metres high. Cost for both was $25.
On the cycling route, BEST for sure is Pailón del Diablo (Cauldron of the Devil), Ecuador’s largest waterfall.
You can access the Falls from either side of the river. The short route, originating from Río Verde, includes more views and shows nearby San Miguel Waterfall.
I took the longer, wetter route because it includes dramatic staircases, tunnel Grieta al Cielo (Crack to Heaven) where you crawl hands & knees, and a chance to get behind the Falls.
Across from the parking lot, I enjoyed an excellent enchilada. Fried trout is a popular dish here, as well.

A taxi will take you and your bike back to town for about $10. I lifted my bike on the local bus for a $1 ride back to GeoTours, which looked to be the best bike rental spot. They’ve been in business since 1991.
Of course I did a lot of steep day hiking, as well. You can climb in every direction up to more tourist attractions. Most interesting for me was a challenging, overgrown walk to pretty La Casa del Arbol.

Everywhere has installed swings that fly you over a cliff edge. I tried a few.

I was happy to find the city bus ending a route here. 😀 It got me back to town for $1,
I finally tried one of these set-ups where your phone spins around.
Click PLAY or watch it on YouTube.
I stayed 3 nights at a fairly dirty hostel in town. 😀

Then moved on up to pretty Mama Tangu about 5km outside of the centre.
One disappointment was famed and popular hot-springs Termas de la Virgen. Not nearly clean enough for me. And you’re required to wear a hideous bathing cap, something I’d never seen before around the world. Not recommended.
Baños itself is must see. The #2 tourist destination in the nation after Quito.

In October 1999, all 17,000+ residents were forced to evacuate Baños for weeks. Tungurahua volcano was active.