Latest News- Golf Tourism Market: Male is expected to lead the End-user segment during 2025-2029

The Golf Tourism Market is being driven by Growing emphasis on golf infrastructure worldwide

The Golf Tourism Market is expected to grow at a CAGR of 7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 10132.6 million. In the last decade, the golf industry has experienced a fluctuating trend, with a post-economic recession decline and subsequent recovery to approximately 26 million golfers in the US. As consumer expectations rise, golf clubs must adapt to this changing landscape by implementing integrated mobile solutions. These comprehensive mobile offerings serve multiple purposes, including upselling and cross-selling opportunities, thereby becoming essential tools for golf clubs in catering to their members and customers' evolving needs. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on segments_for_ai.nslist

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing emphasis on golf infrastructure worldwide
• Increasing popularity of professional golf tournaments
• Growth of golf tournaments and events

However, the market also witnesses some limitations, which are as follows:

• Increasing threat from fantasy sports
• Elite nature of golf as sport
• Dependence on weather conditions in golf

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Market Scope in Golf Tourism Market Research Report

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Research Analysis Overview

The golf tourism market encompasses the sport of golf and related infrastructure. The Canadian Federal Government, through events like the RBC Canadian Open, supports this sector. Female golfers and organizations like Golf Saudi and the Aramco Team Series boost economies of destinations, offering golf courses, accommodation, dining, and leisure activities. Local governments and tourism boards collaborate, fostering golf tourism's growth. Corporate golf events, international trips, domestic trips, and international sporting events contribute significantly. An inventory management system, such as Callaway Golf, ensures seamless operations in this sport tourism and tourism industry niche.

Market Research Overview

The golf tourism market represents a significant segment within the larger hotels, resorts, and cruise lines industry. Key players in this sector include those offering golfing products and services, such as the RBC Canadian Open and Golf Saudi's Aramco Team Series. The Canadian Federal Government and other stakeholders invest in sporting infrastructure to attract female golfers and international tourists. The global hotels, resorts, and cruise lines market, which includes casinos and gaming, hotels, resorts and cruise lines, leisure facilities, and restaurants, is experiencing growth due to the expanding travel and tourism industry. With increasing numbers of tourists from both emerging and developed economies, the demand for high-quality golfing experiences is on the rise, making this a lucrative business opportunity.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
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