Published on : Wednesday, August 7, 2019
Market.us releases the publication of its recently generated research report – “Global Sports Tourism Market by Type (International sports tourism and Domestic sports tourism), By Application (Teenagers, Middle-aged people and Elder), and by Region – Global Forecast to 2028.” This report provides a holistic view of the global Sports Tourism market via systematic segmentation that touches the target market’s every feature. The global Sports Tourism market is projected to be US$ 1,413.7 Mn in 2018 to reach US$ 2,936.4 Mn by 2028 at a CAGR of 7.6%.
Sports tourism talks about travelling as well as observing and participating in various sporting events. Sports tourism is the most rapid growing sector of the global travel industry. So far, sports tourism has not been very popular, during the recent decades. However, lately the sector is witnessing tremendous boom because of the rise in public interest in national as well as international sports tournaments. Customers from far countries are travelling to attend their favorite sports event. The fan following emotion, side by side with travelling-vacationing culture, enthuses unexpected spike in terms of popularity. Of late, technology advancement has appeared to make a tremendous effect on the sports industry, as a result of the availability of online tickets through the various site. Moreover, customers are also aware of when and where sports events will take place in advance.