Golf Tourism Market Size to grow by USD 9096.6 million between 2024-2028
According to a research report “ Golf Tourism Market” by End-user (Male, Female) Type (Domestic, International) Geography (North America, APAC, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 9096.6 million, at a CAGR of 6.72% during the forecast period. The global golf tourism market boasts a significant presence of over 38,000 golf courses as of 2022, with the majority located in leading golfing nations. Approximately 50% of these facilities are based in North America, 25% in Europe, and nearly 20% in Asia. The majority of these courses are situated in private clubs, golf resorts, and golf-centric real estate, thereby limiting accessibility. Notably, over 670 golf courses are currently under construction or in advanced planning stages, underscoring the market's growth trajectory..
Browse market data tables, figures, and in-depth TOC on “Golf Tourism Market” by End-user (Male, Female) Type (Domestic, International) Geography (North America, APAC, Europe, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample
By End-user, the Male segment is projected to dominate the market size in 2024
Golf tourism is a burgeoning sector catering primarily to middle-aged male tourists who engage in golf as a secondary activity during vacations or business trips, or as spectators. The golf tourism industry has experienced significant growth in recent years, with an increasing trend expected due to expanding market reach. This niche segment of sports-related leisure travel encompasses reasons such as attending golf events, nostalgia, and active participation. Factors fueling the global golf tourism market's growth include enhanced living standards, growing male interest in golf, and improved sports facilities. These elements collectively contribute to the increasing popularity of golf worldwide, thereby driving the expansion of the male demographic within the golf tourism market throughout the forecast period.
By Type, Domestic segment is expected to hold the largest market size for the year 2024
In the golf tourism sector, domestic tourism holds a significant market share in 2023 and is projected to continue leading in terms of revenue generation. This dominance can be attributed to several factors, including the familiarity of local populations with the country's sports tourism policies and rules, as well as the lower taxes imposed. Furthermore, various governments, such as those in India, China, and Brazil, have categorized golf tourism activities into subsets like sustainable tourism, sports tourism, and family vacation tourism. By doing so, they aim to promote domestic golf tourism as a sustainable and economically beneficial form of tourism, contributing to economic growth, infrastructure development, and improved economic ties among different regions within their respective countries.
North America is forecasted to hold the largest market size by region in 2024
The golf tourism market represents a significant revenue generator for the global travel industry. With an estimated 60 million golf tourists worldwide, this niche sector offers lucrative opportunities for businesses. Golf tourism encompasses various elements, including courses, resorts, equipment suppliers, and travel agencies. To capitalize on this market, businesses must provide exceptional service, competitive pricing, and unique experiences to attract and retain customers.
The Golf Tourism Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The golf tourism market is a significant segment of the sport tourism industry, attracting golf enthusiasts from around the world to various destinations for international and domestic trips. Companies like Callaway Golf cater to this market by providing high-quality golf equipment, while inventory management systems ensure an efficient supply chain. Corporate golf events and international sporting events, such as the Aramco Team Series on the Ladies European Tour and the RBC Canadian Open on the PGA Tour, draw large crowds and boost local economies. Tourism boards and local governments invest in golf courses and sporting infrastructure to attract visitors, who seek leisure activities including dining and accommodation during their trips. Female golfers are an increasingly important demographic in golf tourism, with initiatives like Golf Saudi promoting the sport in the Middle East. The golf tourism market contributes significantly to the economies of various destinations and is expected to continue growing as a popular leisure activity.
Market Research Overview
The golf tourism market is experiencing a significant surge in popularity, with top brands like Topgolf and Callaway Golf leading the way. This market caters to both international and domestic travelers, offering corporate golf events, inventory management systems, and opportunities to attend international sporting events and trips. The tourism industry's sport tourism sector, specifically golf, attracts enthusiasts from around the world. Golf tourism goes beyond just playing a round on world-class golf courses designed by renowned architects. It includes culinary events, wine tastings, farm-to-table dining, birdwatching tours, guided nature walks, outdoor exploration, and visits to natural landscapes, landmarks, and museums. Moreover, golf tourism integrates holistic wellness experiences, offering healthy dining options, yoga classes, and spa treatments. Sustainability practices, eco-friendly initiatives, and habitat preservation are also essential aspects of golf tourism. The golf tourism market caters to various preferences, from business travelers seeking team-building activities and conferences to female golfers and corporate groups. Top-notch facilities, leisure activities, and personalized experiences are key offerings. Major golf tournaments, such as the DP World Tour, Aramco Team Series, Golf Saudi, RBC Canadian Open, and the Canadian Federal Government's support, contribute to the international segment's growth. The domestic application segment also thrives, with golfing products and services catering to discerning travelers. Sporting infrastructure and golf courses in various destinations significantly impact local economies. Golf tourism offers a rich heritage, enhancing the overall travel experience.
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