Golf Tourism Market to Grow with a CAGR of 7.4% Globally through 2029
Rising number of golfers, increasing disposable income, and a
growing desire for unique travel experiences are factors driving the global
golf tourism market in the forecast period 2025-2029.
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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