Golf Tourism Market Set to Hit a Hole-in-One with $8.27 Billion by 2028

Saturday, March 9, 2024

The Business Research Company’s report predicts the global golf tourism market to surge to $8.27B by 2028, fueled by enthusiasm and government backing. The Business Research Company has refreshed its collection of global market analyses with the most recent figures for 2024 and forward-looking estimates through 2033.

In its “Golf Tourism Global Market Report 2024,” The Business Research Company offers an exhaustive examination of the industry, touching on all aspects of the market. According to the latest projections by TBRC, the golf tourism industry is anticipated to expand to $8.27 billion by 2028, advancing at a compound annual growth rate (CAGR) of 8.9%.

This surge in the golf tourism sector is attributed to enhanced governmental backing for the promotion of golf as a tourist activity. The North American region is forecasted to dominate the market in terms of share. Key participants in the golf tourism landscape include Fairway Escapes, Goway Travel, Golfbreaks Ltd., Greenscape Holidays, Par Excellence Getaways, Carr Golf, and Premier Golf Tours.

Key Market Segments:

1. Category: Domestic, International
2. Service Offerings: Individual Tours, Professional Tours
3. Distribution Strategy: Direct Sales, Indirect Sales
4. Consumer Demographic: Male, Female
5. Regional Analysis: The market is dissected into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East, and Africa.

Golf tourism is characterized by travel specifically for engaging in golf, a sport where individuals use clubs to hit balls into a sequence of holes on a course in as few strokes as possible. This niche forms a segment of sports tourism, which stands as one of the quickest expanding sectors within the tourism industry. Golf trips, whether domestic or international, are made by individuals who engage in playing golf at least once during their journey.

Read The Golf Tourism Global Market Report At:
https://www.thebusinessresearchcompany.com/report/golf-tourism-global-market-report

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