(2024-2033) Golf Tourism Market Analysis, Trends, Growth And Outlook

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Golf Tourism Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $8.27 billion In 2028 At A CAGR Of 8.9% :

The golf tourism market size has grown strongly in recent years. It will grow from $5.44 billion in 2023 to $5.88 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to global popularity of golf, development of golf courses, international sporting events, resort and destination marketing, cultural and recreational attractions, corporate golf events.

The golf tourism market size is expected to see strong growth in the next few years. It will grow to $8.27 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to emergence of new golf destinations, golf course renovations and upgrades, culinary and gastronomic experiences, government support and investment, specialized golf events. Major trends in the forecast period include integration of technology in golf travel planning, sustainable and eco-friendly golf tourism, customized golf tour packages, collaborations with golf celebrities, golf cruise packages.

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Golf Tourism Market Major Segments
The golf tourism market covered in this report is segmented -

1) By Type: Domestic, International
2) By Service Type: Personal Tours, Professional Tours
3) By Sales Channel: Direct Channel, Distribution Channel
4) By End-User Sex: Male, Female

Key Driver - Government Backing Propels Growth In The Golf Tourism Market

The increasing government support for the promotion of golf tourism is expected to drive the growth of the golf tourism market going forward. The governments are promoting golf destinations to domestic and international tourists as a means of earning additional foreign exchange through the development of the niche product and thereby contributing to economic growth. For instance, in June 2021, in Scotland, a new Golf Tourism and Visitor Strategy were developed, with a focus on destination development, community engagement, education, and health as the industry attempts to recover from the challenges of the COVID-19 pandemic. Hence, the rising government initiatives to support golf tourism will drive the growth of the golf tourism market.

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Prominent Trend - Strategic Partnerships Shape The Future Of Golf Tourism Market

Strategic collaborations and partnerships have emerged as a key trend gaining popularity in the golf tourism market. Major companies operating in the golf tourism sector are focused on strategic collaborations and partnerships to reinforce their position. For instance, in October 2021, Goway, a UK-based golf tourism provider, partnered with Signature Travel Network to expand its reach in the US and strengthen its ability to provide vacations for travelers around the globe. Signature Travel Network is a US-based travel network company. Moreover, in May 2021, Golfscape Group, a provider of the online marketplace that offers booking capabilities to golfers and golf tourists partnered with Golfmanager, a leading European golf technology provider. As part of this agreement, Golfmanager's client courses will be featured in Golfscape's marketplace, which reaches over half a million users and books over 1 million rounds each year. In addition, the partners will collaborate to enhance the efficiency of the golf course management industry by providing a full solution for golf courses and an injection of sales through a next-generation booking process.

Golf Tourism Market Players
Major companies operating in the golf tourism market report are Fairway Escapes, Goway Travel, Golfbreaks Ltd, Greenscape Holidays, Par Excellence Getaways, Carr Golf, Premier Golf Tours, Kalos Golf, Celtic Golf, Golfasian Co. Ltd, Direct Golf Holidays, SouthAmerica.travel, Ascot Golf Tours, Chaka Travel, TeeTime Travels, Eagle's View Golf Tours, Golf Tours International, GHW Golf Tours, Perry Travel Inc, Scottish Golf Holidays Inc, The Haversham and Baker Co, GolfHolidays.com, Sophisticated Golfer, Caribbean Golf & Tours, Classic Golf Tours, Golf Plaisir, EasyGolf Worldwide Australia, Asian Tour, Links & Leisure Tours, Birdie Bound Adventures, Driveway Golf Tours, Mulligan Travels, Stroke Savvy Tours

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Largest And Fastest Growing Region In The Market
North America was the largest region in the golf tourism market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the golf tourism market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Golf Tourism Market Report Structure
3. Golf Tourism Market Trends And Strategies
4. Golf Tourism Market - Macro Economic Scenario
5. Golf Tourism Market Size And Growth
…..
27. Golf Tourism Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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