Arena Quests were part of other titles like Monster Hunter World and Monster Hunter Rise so it was only a matter of time before they arrived in Wilds.
These quests allow hardcore players from around the world to compete for fast completion times.

Arena Quests have pre-determined equipment (so everyone is on an even playing field) and can be taken on by up to two players.
The Expedition Record Board within the Grand Hub will display limited bounties, global rankings, and more.

Challenge Quests and Free Challenge Quests are also being added alongside Arena Quests with Title Update 1.
These quests allow you to earn Pendants and other rewards for participating and reaching personal records or rankings.
Challenge Quests have pre-determined equipment and allow for up to two players to team up.
Free Challenge Quests have no equipment limits and let you team up with a squad of four total hunters.
For all of these quests, you can bring in Support Hunters to fill in additional party space.