This would be similar to Mountain Biking being a subcategory of Cycling. Hiking is a more intense form of walking, but it should count towards walking challenges. If Hiking were a subcategory of walking, it would still allow for Hiking specific challenges, so I don't see any harm and only see benefits. Agree?
Hiking should also have the option of adding a pack weight, similar to what is done for a Strength activity (like pull-ups) to help with calorie calculations.