Latest News- Sports Tourism Market: Domestic sports tourism is expected to lead the Type segment during 2025-2029

The Sports Tourism Market is being driven by Increasing number of sporting events

The Sports Tourism Market is expected to grow at a CAGR of 12.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 701.6 billion. The emergence of Virtual Reality (VR) technology poses a potential threat to the growth of the sports tourism industry. VR technology refers to the creation of immersive and simulated environments using advanced computer software. These environments enable users to engage in virtual activities through realistic simulations. The technology's adoption in sports has surged, with applications like Facebook Spaces offering VR-enabled social networking experiences. VR provides viewers with features such as stadium views, suite access, player statistics, and game rewind options. As the technology advances, it may diminish the demand for physical sports tourism experiences. Despite being in its infancy, the integration of VR technology in various sectors is accelerating, potentially disrupting traditional sports tourism markets. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Domestic sports tourism
  • International sports tourism
• Product
  • Soccer tourism
  • Cricket tourism
  • Tennis tourism
  • Others
• Area
  • Passive sports tourism
  • Active sports tourism
• Geography
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
  • North America
    • Canada
    • US
  • South America
    • Brazil
  • Middle East and Africa

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

• Increasing number of sporting events
• Rising focus on seating capacity expansion
• Growing government support for sports tourism

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

• Cancelation of sports events due to financial constraints
• Growing popularity of other tourism industries
• External factors affecting sports events

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Market Scope in Sports Tourism Market Research Report

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Research Analysis Overview

The sports tourism market encompasses various events such as Motorsport, Cricket, Tennis, FIFA World Cup, UEFA Champions League, Formula 1, NASCAR, Marathons, Triathlons, Olympics, Basketball, Baseball, Hockey, and Soccer. Partnership initiatives between sports industries and tourism sectors facilitate event hosting, enhancing destination appeal, and providing unique visitor experiences. Sustained growth is ensured through strategic partnerships, making sports events a premier travel destination for fans and leisure travelers alike.

Market Research Overview

The global hotels, resorts, and cruise lines industry encompasses companies operating in the sectors of casinos and gaming, hotels, resorts and cruise lines, leisure facilities, and restaurants. According to Technavio's market analysis, the industry's growth is driven by the expanding travel and tourism sector. With increasing numbers of tourists from developing and advanced economies, key events such as Motorsport's Formula 1, NASCAR, Cricket's FIFA World Cup, UEFA Champions League, Tennis tournaments, Marathons, and Triathlons continue to attract large crowds, boosting demand for accommodations and related services. This trend is expected to significantly contribute to the industry's revenue growth.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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