Press release
Sports Tourism Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts
Sports Tourism
What Is the Expected Sports Tourism Market Size During the Forecast Period?
The sports tourism market has grown rapidly in recent years. It will increase from $583.14 billion in 2024 to $649.73 billion in 2025, showing a CAGR of 11.4%. The factors contributing to this growth include better transportation infrastructure, an increase in sports media coverage, the globalization of sports, a booming sports industry, and the rising number of sports tournaments.
The sports tourism market is expected to experience robust growth, reaching $992.32 billion in 2029 at a CAGR of 11.2%. Key drivers include increased advertising, growth in women's sports teams, more fan zones, a need for advanced tech, and rising investments. Trends involve AI in wearables, tech innovation, digital transformation, IoT, and adoption of AR/VR in sporting experiences.
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What Are the High-Growth Segments in the Sports Tourism Market?
The sports tourism market covered in this report is segmented -
1) By Tourism: Active, Passive, Nostalgia
2) By Type: Soccer And Football, Cricket, Basketball, Tennis, Hockey, Other Types
3) By Sports Activity: Adventure Sports Tourism, Individual Sports Tourism, Team Sports Tourism
4) By Booking Channel: Online Booking Platform, Direct Bookings, Travel Agencies, Social Media Platforms, Other Booking Channels
Subsegments:
1) By Active: Sports Participation, Sports Training Camps, Sports Competitions (Amateur)
2) By Passive: Spectator Sports Events, Sports Fan Tourism (Attending Games, Tournaments)
3) By Nostalgia: Historical Sports Events, Sports Heritage Tours, Museums And Hall Of Fame Visits
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What Key Drivers Are Expected to Influence Future Sports Tourism Market Growth?
The rising number of young players is expected to spur the growth of the sports tourism market. Increased youth participation in sports is influenced by awareness of health benefits, accessible programs, and community involvement. This boost in participation leads to higher demand for youth sports events, tournaments, and related travel. The Sports and Fitness Industry Association's December 2023 report showed a rise in U.S. team sports participation, particularly among the 6-12 and 13-17 age groups, further driving the growth of sports tourism.
Which Companies Hold the Largest Share Across Different Sports Tourism Market Segments?
Major companies operating in the sports tourism market are KNT CT Holdings, IMG Travel, Thomas Cook India Ltd., International Sports Management Inc., Teamlink Travel, Match Hospitality AG, QuintEvents LLC, Sports Tours International Ltd., Sportsnet Corp. Pty Ltd., JTB India Pvt. Ltd., Fanatic Sports Pvt. Ltd., Event Travel Management, Sports Travel and Hospitality Group Ltd., Travel And Sport, Veda Sports Marketing Pvt. Ltd., Victory Sports Tours, BAC Sports Ltd., DTB Sports Management Ltd, Premiership Experience, Global Sports Travel and Tours Pty Ltd., Sports Travel Group, ITC Travel Group, Hospitality Group
What Trends Are Expected to Dominate the Sports Tourism Market in the Next 5 Years?
In the sports tourism market, companies are focused on developing dynamic solutions like real-time index scoring to improve event management. Real-time index scoring continuously updates scores or ratings of destinations, events, and facilities based on live data. Tempest, a US-based provider of digital solutions, launched Sports Tourism Index 2.0 in June 2024. This platform includes predictive capabilities, dynamic real-time scoring, and enhanced event management tools to help stakeholders make informed decisions and adapt to changing conditions.
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What Are the Emerging Geographies for The Sports Tourism Market Growth?
Europe was the largest region in the sports tourism market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sports tourism market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Sports Tourism Market?
2. What is the CAGR expected in the Sports Tourism Market?
3. What Are the Key Innovations Transforming the Sports Tourism Industry?
4. Which Region Is Leading the Sports Tourism Market?
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