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Golf Tourism Market Size, Share & Trends Analysis Report By Application (Domestic, International), By Region (Asia Pacific, North America, Europe), And Segment Forecasts, 2022 - 2030

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    Report

  • 80 Pages
  • November 2022
  • Region: Global
  • Grand View Research
  • ID: 5702251
Description Jump to:

The global golf tourism market size is expected to reach USD 41.87 billion by 2030, registering a CAGR of 7.6% over the forecast period, according to a new report by Grand View Research, Inc. The growth of the global market is mainly driven by a rise in the number of franchise games and increasing government involvement to develop suitable infrastructure. For instance, in August 2022, Gauntlet Golf Club received USD 8,804 from the County American Rescue Plan Act Sports Marketing Incentive Program. The amount has been received as a part of a USD 1.45 million COVID-19 Revitalization Project spearheaded by the Virginia Tourism Corporation (VTC) to attract new competitive sporting events and spur economic activity and travel across Virginia. In addition, a large number of tour operators and agents are introducing interesting golf tourism packages surrounding major sporting events and tournaments across the globe.



This is expected to have a positive impact on the global industry. Golf tourism has emerged as one of the highest growing sectors of the tourism industry across the globe generating high revenue for tour operators and economies. Moreover, in countries like Russia, the U.K., Germany, India, China, U.S., Spain, and Canada, sports are utilized to promote tourism. Numerous visitors that go to various locations across the globe to take part in and watch sporting events are catered to by sports tourism. In addition, domestic and international tourists spend money on lodging, transportation, food & beverages, and other luxuries. Furthermore, as the number of golf events & tournaments increases and governments & sports authorities’ focus on promoting sports tourism across key countries rises, the global market is expected to witness promising growth in the coming years.

The COVID-19 pandemic has had a significant influence on several sectors and businesses. The pandemic posed several challenges for all businesses operating in the industry. The COVID-19 pandemic had a significant influence on the world market, and tour operators witnessed a financial downturn. According to the statistics published by the World Travel & Tourism Council (WTTC), travel and tourism GDP contribution declined by 50.4% (USD 4.9 trillion) in 2020. In the post-pandemic environment, the global market is anticipated to receive a boost from the ongoing move toward golf tourism and various initiatives taken by sports organizations and key companies to promote sports tourism. The Asia Pacific region is expected to showcase the fastest CAGR over the forecast years backed by the rising number of staging the largest tournaments for golfers.

Golf Tourism Market Report Highlights

  • International tourism is expected to witness strong growth in the coming years due to the rising number of golf tournaments and activities taking place across the globe
  • In addition, government associations and key tour operators are developing business expansion strategies resulting in increased growth of the international golf tourism sector
  • North America led the industry with the U.S. and Canada capturing major shares. The growth is mainly driven by the presence of well-developed economies, the availability of several golf courses, and the widespread coverage of sports across the region
  • Southeast Asian countries, such as Thailand, Malaysia, and Singapore, are poised to become top golfing destinations in the coming years. Golf tourism in Singapore and Malaysia is highly attractive for international golfers
  • According to the World Travel Market Global Trends Report, cross-industry partnerships and cooperation is playing an important role in boosting the regional market and tour operators have value-add packages and incentives offering unlimited golf rounds to attract golfers from India, Japan, and across the globe


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Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Application Outlook
2.3. Regional Outlook
Chapter 3. Golf Tourism Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Sales/Retail Channel Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Business Environment Analysis
3.5.1. Industry Analysis - Porter’s
3.5.1.1. Supplier Power
3.5.1.2. Buyer Power
3.5.1.3. Substitution Threat
3.5.1.4. Threat from New Entrants
3.5.1.5. Competitive Rivalry
3.6. Roadmap of the golf tourism market
3.7. Market Entry Strategies
3.8. Impact of COVID-19
Chapter 4. Consumer Behavior Analysis
4.1. Consumer Trends and Preferences
4.2. Factors Affecting Buying Decision
4.3. Consumer Product Adoption
4.4. Observations & Recommendations
Chapter 5. Golf Tourism Market: Application Estimates & Trend Analysis
5.1. Application Movement Analysis & Market Share, 2021 & 2030
5.2. Domestic
5.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
5.3. International
5.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 6. Golf Tourism Market: Regional Estimates & Trend Analysis
6.1. Regional Movement Analysis & Market Share, 2021 & 2030
6.2. North America
6.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.2.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
6.2.3. U.S.
6.2.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.2.3.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
6.2.4. Canada
6.2.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.2.4.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
6.2.5. Mexico
6.2.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.2.5.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
6.3. Europe
6.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.3.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
6.3.3. U.K.
6.3.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.3.3.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
6.3.4. Germany
6.3.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.3.4.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
6.3.5. France
6.3.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.3.5.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
6.4. Asia Pacific
6.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.4.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
6.4.3. China
6.4.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.4.3.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
6.4.4. India
6.4.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.4.4.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
6.4.5. Japan
6.4.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.4.5.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
6.4.6. Southeast Asia
6.4.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.4.6.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
6.5. Central & South America
6.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.5.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
6.5.3. Brazil
6.5.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.5.3.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
6.6. Middle East & Africa
6.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.6.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
6.6.3. South Africa
6.6.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.6.3.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
Chapter 7. Competitive Analysis
7.1. Key global players, recent developments & their impact on the industry
7.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
7.3. Vendor Landscape
7.3.1. Key company market share analysis, 2021
Chapter 8. Company Profiles
8.1. Golfasian Co., Ltd.
8.1.1. Company Overview
8.1.2. Financial Performance
8.1.3. Product Benchmarking
8.1.4. Strategic Initiatives
8.2. Premier Golf Tours
8.2.1. Company Overview
8.2.2. Financial Performance
8.2.3. Product Benchmarking
8.2.4. Strategic Initiatives
8.3. The Haversham and Baker Co.
8.3.1. Company Overview
8.3.2. Financial Performance
8.3.3. Product Benchmarking
8.3.4. Strategic Initiatives
8.4. PerryGolf
8.4.1. Company Overview
8.4.2. Financial Performance
8.4.3. Product Benchmarking
8.4.4. Strategic Initiatives
8.5. Carr Golf
8.5.1. Company Overview
8.5.2. Financial Performance
8.5.3. Product Benchmarking
8.5.4. Strategic Initiatives
8.6. Celtic Golf
8.6.1. Company Overview
8.6.2. Financial Performance
8.6.3. Product Benchmarking
8.6.4. Strategic Initiatives
8.7. SGH Golf
8.7.1. Company Overview
8.7.2. Financial Performance
8.7.3. Product Benchmarking
8.7.4. Strategic Initiatives
8.8. Golfbreaks Ltd.
8.8.1. Company Overview
8.8.2. Financial Performance
8.8.3. Product Benchmarking
8.8.4. Strategic Initiatives
8.9. Golf Tours International
8.9.1. Company Overview
8.9.2. Financial Performance
8.9.3. Product Benchmarking
8.9.4. Strategic Initiatives
8.10. travelOsports
8.10.1. Company Overview
8.10.2. Financial Performance
8.10.3. Product Benchmarking
8.10.4. Strategic Initiatives
List of Tables
1. Golf Tourism Market - Key Market Driver Analysis
2. Golf Tourism Market - Key Market Restraint Analysis
3. Domestic golf tourism market estimates and forecast, from 2017 - 2030 (USD Million)
4. International golf tourism market estimates and forecast, from 2017 - 2030 (USD Million)
5. North America golf tourism market estimates and forecast, 2017 - 2030 (USD Million)
6. North America golf tourism market estimates and forecast, by application, 2017 - 2030 (USD Million)
7. U.S. golf tourism market estimates and forecast, 2017 - 2030 (USD Million)
8. U.S. golf tourism market estimates and forecast by application, 2017 - 2030 (USD Million)
9. Canada golf tourism market estimates and forecast, 2017 - 2030 (USD Million)
10. Canada golf tourism market estimates and forecast by application, 2017 - 2030 (USD Million)
11. Mexico golf tourism market estimates and forecast, 2017 - 2030 (USD Million)
12. Mexico golf tourism market estimates and forecast by application, 2017 - 2030 (USD Million)
13. Europe golf tourism market estimates and forecast, 2017 - 2030 (USD Million)
14. Europe golf tourism market estimates and forecast by application, 2017 - 2030 (USD Million)
15. U.K. golf tourism market estimates and forecast, 2017 - 2030 (USD Million)
16. U.K. golf tourism market estimates and forecast by application, 2017 - 2030 (USD Million)
17. Germany golf tourism market estimates and forecast, 2017 - 2030 (USD Million)
18. Germany golf tourism market estimates and forecast by application, 2017 - 2030 (USD Million)
19. France golf tourism market estimates and forecast, 2017 - 2030 (USD Million)
20. France golf tourism market estimates and forecast by application, 2017 - 2030 (USD Million)
21. Italy golf tourism market estimates and forecast, 2017 - 2030 (USD Million)
22. Italy golf tourism market estimates and forecast by application, 2017 - 2030 (USD Million)
23. Spain golf tourism market estimates and forecast, 2017 - 2030 (USD Million)
24. Spain golf tourism market estimates and forecast by application, 2017 - 2030 (USD Million)
25. Asia Pacific golf tourism market estimates and forecast, 2017 - 2030 (USD Million)
26. Asia Pacific golf tourism market estimates and forecast by application, 2017 - 2030 (USD Million)
27. China golf tourism market estimates and forecast, 2017 - 2030 (USD Million)
28. China golf tourism market estimates and forecast by application, 2017 - 2030 (USD Million)
29. India golf tourism market estimates and forecast, 2017 - 2030 (USD Million)
30. India golf tourism market estimates and forecast by application, 2017 - 2030 (USD Million)
31. Japan golf tourism market estimates and forecast, 2017 - 2030 (USD Million)
32. Japan golf tourism market estimates and forecast by application, 2017 - 2030 (USD Million)
33. Australia golf tourism market estimates and forecast, 2017 - 2030 (USD Million)
34. Australia golf tourism market estimates and forecast by application, 2017 - 2030 (USD Million)
35. South Korea golf tourism market estimates and forecast, 2017 - 2030 (USD Million)
36. South Korea golf tourism market estimates and forecast by application, 2017 - 2030 (USD Million)
37. Central & South America golf tourism market estimates and forecast, 2017 - 2030 (USD Million)
38. Central & South America golf tourism market estimates and forecast by application, 2017 - 2030 (USD Million)
39. Brazil golf tourism market estimates and forecast, 2017 - 2030 (USD Million)
40. Brazil golf tourism market estimates and forecast by application, 2017 - 2030 (USD Million)
41. Middle East & Africa golf tourism market estimates and forecast, 2017 - 2030 (USD Million)
42. Middle East & Africa golf tourism market estimates and forecast by application, 2017 - 2030 (USD Million)
43. South Africa golf tourism market estimates and forecast, 2017 - 2030 (USD Million)
44. South Africa golf tourism market estimates and forecast by application, 2017 - 2030 (USD Million)
45. Vendor landscape
List of Figures
1. Golf Tourism Market Snapshot
2. Golf Tourism Market Segmentation & Scope
3. Golf Tourism Market Penetration & Growth Prospect Mapping
4. Golf Tourism Market Value Chain Analysis
5. Golf Tourism Market Dynamics
6. Golf Tourism Market Porter's Analysis
7. Golf Tourism Market: Application Movement Analysis
8. Golf Tourism Market: Regional Movement Analysis

Companies Mentioned

  • Golfasian Co. Ltd.
  • Premier Golf Tours
  • The Haversham and Baker Co.
  • Perrygolf
  • Carr Golf
  • Celtic Golf
  • Sgh Golf
  • Golfbreaks Ltd.
  • Golf Tours International
  • Travelosports

Methodology

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Table Information

Report AttributeDetails
No. of Pages80
PublishedNovember 2022
Forecast Period2022 - 2030
Estimated Market Value ( USD ) in 2022 $ 22.74 Billion
Forecasted Market Value ( USD ) by 2030 $ 41.87 Billion
Compound Annual Growth Rate7.6%
Regions CoveredGlobal
No. of Companies Mentioned10

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