How Global Golf Tourism Market Players Should Strategize For 2022-2031
16 Sep, 2022
The global golf tourism market size is expected to grow from $4.44 billion in 2021 to $4.8 billion in 2022 at a compound annual growth rate (CAGR) of 8.3%. The global golf tourism market size is expected to grow to $5.8 billion in 2026 at a CAGR of 4.8%.
What is the Global Golf Tourism Market?
The golf tourism market consists of sales of golf tourism by entities (organizations, sole traders, and partnerships) that refer to the trips undertaken by people to play golf. Golf is a sport in which players use a club to hit a small ball into a series of cups set out on a course. Golf tourism is a part of sport tourism, which is one of the tourism industry's fastest-growing segments. Golf tourism refers to domestic or international trips taken by people who play golf at least once while traveling to any destination.
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What drives the Global 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 market.
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Global Golf Tourism Market Segments
The global golf tourism market is segmented:
By Type: Domestic, International
By Service Type: Personal Tours, Professional Tours
By Sales Channel: Direct Channel, Distribution Channel
By End-User Sex: Male, Female
By Geography: The regions covered in the golf tourism market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global golf tourism market.
Golf Tourism Global Market Report 2022provides market size and growth forecasts for the global golf tourism market, global golf tourism market share, golf tourism market segments and geographies, golf tourism market competitive landscape including leading competitors’ revenues, profiles and market shares. The golf tourism market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Golf Tourism Industry Playersinclude Golf Tours International, GHW Golf Tours, Golfasian Co. Ltd, Golfbreaks Ltd, Perry Travel Inc, Premier Golf Tours, Scottish Golf Holidays Inc, The Haversham and Baker Co, GolfHolidays.com, Direct Golf Holidays, Celtic Golf, Kalos Golf, Sophisticated Golfer, Carr Golf, SouthAmerica.travel, Ascot Golf Tours, Caribbean Golf & Tours, Classic Golf Tours, Golf Plaisir, EasyGolf Worldwide Australia, Asian Tour, Chaka Travel, and Goway Travel. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.