Golf Tourism Market: Challenges, Opportunities, and Growth Drivers and Major Market Players forecasted for period from 2029

According to TechSci Research report, “Global Golf Tourism Market – Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Golf Tourism Market stood at USD 23.14 Billion in 2023 and is anticipated to grow with a CAGR of 7.4% in the forecast period, 2025-2029. The global golf tourism market has emerged as a significant segment within the broader travel and tourism industry, driven by the increasing popularity of golf as a sport and the desire for unique travel experiences.

Golf tourism encompasses a range of activities, including travel to golf destinations, participation in golf events and tournaments, and the exploration of golf courses around the world. The golf tourism market has witnessed steady growth in recent years, fueled by factors such as rising disposable incomes, an aging population with a keen interest in golf, and the globalization of the sport.

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Golf tourism extends beyond traditional golfing hotspots, with enthusiasts seeking diverse and exotic destinations that offer a combination of high-quality golf courses and unique travel experiences. The market encompasses a wide range of offerings, including golf resorts, destination packages, golf events, and specialized tours catering to golf enthusiasts. The market’s growth is fueled by increasing participation in golf worldwide, coupled with a growing trend of golf-related travel. The expanding middle class in emerging economies is contributing to the market’s growth, as more individuals have the financial means to pursue golf tourism experiences. Additionally, the market benefits from the globalization of golf, with enthusiasts willing to travel internationally to play on renowned courses and attend major events.

The rise of experiential travel is influencing golf tourism, with travelers seeking more than just a golfing experience. Destinations are diversifying their offerings to include cultural, culinary, and wellness experiences, creating a comprehensive and immersive travel experience for golf enthusiasts. Technology is playing a crucial role in enhancing the overall golf tourism experience. Online booking platforms, mobile apps, and virtual reality (VR) are being used to streamline travel planning, provide real-time information, and offer virtual tours of golf courses. The emergence of golf cruises is a unique trend, combining luxury cruising with golfing experiences. These specialized cruises provide onboard golf simulators, professional instruction, and access to top-notch courses at different ports of call, offering a convenient and novel way to experience multiple destinations.

The hosting of major golf events and tournaments has a significant impact on golf tourism. Destinations that host prestigious events experience increased tourist inflow, contributing to economic growth and global visibility. Golf tourism is aligning with the wellness tourism trend by promoting the physical and mental health benefits of golf. Resorts and courses are incorporating wellness amenities, positioning golf tourism as a holistic wellness experience. The increasing popularity of golf as a sport globally is a major driver of the golf tourism market. As more individuals take up golf, there is a corresponding rise in the demand for golf-related travel experiences. The growth of the global middle class, particularly in emerging economies, has led to an increase in disposable income. This financial stability enables individuals to pursue leisure activities such as golf tourism. The globalization of golf, with major tournaments attracting a diverse international audience, has contributed to the popularity of golf tourism. Enthusiasts are motivated to travel to experience iconic courses and witness renowned events.

Effective marketing and promotion strategies by golf destinations, resorts, and tour operators play a crucial role in driving awareness and attracting golf tourists. Strategic marketing efforts highlighting unique offerings and experiences contribute to market growth. An aging population, particularly in developed economies, has a higher prevalence of golf enthusiasts. This demographic trend supports the growth of golf tourism, as older individuals often have the time and resources to indulge in travel for golf experiences.

The global Golf Tourism market is segmented into service type, application, end user and region.

Based on type, the domestic application segment accounted for largest share of the total revenue, capturing the greatest share. In the upcoming years, it is anticipated to continue to dominate. The business’s concerns around the pandemic have persisted, leading them to focus heavily on domestic travel in their marketing efforts and target market tactics.

Based on region, North America held a market share in the market on account of the rising number of professional golfing tours & tournaments and the ever-grown number of international and domestic golfers visiting golf courses in the U.S. According to the International Association of Golf Tour Operators (IAGTO), the U.S. market has significant capacity for growth and is expected to develop as an attractive market for international visitors across the globe.

Major companies operating in global Golf Tourism market are:

• Golfasian Co., Ltd.
• Premier Golf Tours
• The Haversham and Baker Co.
• PerryGolf
• Carr Golf
• Celtic Golf
• SGH Golf
• Golfbreaks Ltd.
• Golf Tours International
• travelOsports

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“The golf tourism market is poised for robust growth in the coming years, driven by increasing global interest in golf, rising disposable incomes, and a growing middle class. As golf continues to gain popularity as both a recreational activity and a spectator sport, the demand for unique golf travel experiences is on the rise. The globalization of golf events, coupled with innovative offerings such as golf cruises and experiential travel, further contribute to the market’s expansion. With golf tourism destinations continually enhancing their offerings and embracing sustainability, the market is expected to see sustained growth, catering to a diverse and expanding customer base.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“Golf Tourism Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Service Type (Personal Tours, Professional Tours), By Application (Domestic, International), By End User (Male, Female), By Region, By Competition, 2019-2029, has evaluated the future growth potential of global Golf Tourism market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global Golf Tourism market.

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