Golf Tourism Market Research Report 2024-2032 - Growing Retiree Demographic Fuels Demand For Premium Golf Tourism Destinations In North America, Europe, And Asia

(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Nov. 06, 2024 (GLOBE NEWSWIRE) -- The "Golf tourismmarket Report and Forecast 2024-2032" report has been added to ResearchAndMarkets.com's offering.
The global golf tourism market attained a value of approximately USD 24.22 billion in 2023. Aided by the increasing popularity of experiential travel, the market is projected to grow at a CAGR of 7.4% in the forecast period of 2024-2032, reaching a value of around USD 46.05 billion by 2032.

The global golf tourism market has been experiencing notable growth, driven by several key trends that reflect broader changes in consumer preferences, advancements in tourism infrastructure, and the evolving dynamics of the global travel industry. One of the most significant trends is the increasing popularity of experiential travel. Modern travellers are seeking more than just a vacation; they desire unique, memorable experiences that align with their personal interests and hobbies. Golf tourism fits perfectly into this trend, offering enthusiasts the chance to play on world-famous courses, participate in exclusive tournaments, and enjoy luxury amenities in scenic locations.
Another major golf tourism market trend is the growing number of retirees and older adults who have the time and disposable income to invest in golf tourism. As populations age, especially in developed regions like North America, Europe, and parts of Asia, there is a burgeoning market of affluent retirees who view golf not only as a recreational activity but as a key component of their lifestyle. This demographic is willing to travel to exotic destinations to experience premium golf resorts and enjoy the social and health benefits associated with the sport.
The development and expansion of golf courses and related infrastructure in emerging markets are also propelling the golf tourism market growth. Countries such as Vietnam, Thailand, and Mexico are investing heavily in building high-quality golf courses and resorts to attract international tourists. These destinations offer attractive packages that include not only access to championship-level courses but also luxury accommodations, gourmet dining, and cultural excursions, making them appealing to a broad audience of golf enthusiasts.
Technological advancements and the integration of digital solutions are significantly influencing the golf tourism market value. Online booking platforms, virtual tours of golf courses, and mobile apps that provide real-time information on course conditions, weather forecasts, and tee-time availability have made planning and booking golf trips more convenient and accessible. Additionally, technology-enhanced training facilities and simulators are attracting tech-savvy golfers who are interested in improving their skills using the latest innovations.
Sustainability is becoming an important consideration for the golf tourism market expansion. Golf courses are often criticised for their environmental impact, particularly in terms of water usage and maintenance of vast green spaces. In response, many golf resorts and courses are adopting sustainable practices, such as using recycled water for irrigation, planting native vegetation, and implementing eco-friendly maintenance techniques. These efforts are aimed at reducing the environmental footprint of golf tourism and appealing to environmentally conscious travellers who prioritise sustainability in their travel choices.
The marketing and promotion strategies for golf tourism are evolving as well. Destination marketing organisations and golf resorts are leveraging social media, influencer partnerships, and targeted digital advertising to reach potential customers. Highlighting unique selling points such as exclusive membership offers, celebrity-endorsed courses, and destination-specific attractions helps to create a compelling narrative that resonates with the target audience. Personalised marketing approaches that cater to the specific preferences and behaviours of golf tourists are proving effective in driving engagement and bookings.
The integration of golf tourism with wellness and spa tourism is another golf tourism market trend gaining momentum. Many high-end golf resorts now offer comprehensive wellness programmes, including spa treatments, fitness classes, and health-oriented dining options. This combination of golf and wellness appeals to tourists looking for a holistic vacation experience that balances physical activity with relaxation and rejuvenation.
Market Segmentation
The global golf tourism market can be divided based on type, service type, and region.
Market Breakup by Type

• Domestic
• International

Market Breakup by Service Type

• Personal Tours
• Professional Tours

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global golf tourism market. Some of the major players explored in the report are as follows:

• Golf Tours International Ltd.
• GruppeCosta Rica's Golf Vacation
• GolfinSouthAfrica Ltd.
• EFR Leisure Travel
• travelOsports
• My Golf Tours
• Golf Tourism England
• Golf International
• International Golf Specialists
• Golftripz

Key Attributes

Report Attribute	Details
No. of Pages	217
Forecast Period	2024-2032
Estimated Market Value (USD) in 2024	$26.01 Billion
Forecasted Market Value (USD) by 2032	$46.05 Billion
Compound Annual Growth Rate	7.4%
Regions Covered	Global

Key Topics Covered
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Golf Tourism Market Analysis
8.1 Key Industry Highlights
8.2 Global Golf Tourism Historical Market (2018-2023)
8.3 Global Golf Tourism Market Forecast (2024-2032)
8.4 Global Golf Tourism Market by Type
8.5 Global Golf Tourism Market by Service Type
8.6 Global Golf Tourism Market by Region

9 North America Golf Tourism Market Analysis
9.1 United States of America
9.2 Canada

10 Europe Golf Tourism Market Analysis
10.1 United Kingdom
10.2 Germany
10.3 France
10.4 Italy
10.5 Others

11 Asia Pacific Golf Tourism Market Analysis
11.1 China
11.2 Japan
11.3 India
11.4 ASEAN
11.5 Australia
11.6 Others

12 Latin America Golf Tourism Market Analysis
12.1 Brazil
12.2 Argentina
12.3 Mexico
12.4 Others

13 Middle East and Africa Golf Tourism Market Analysis
13.1 Saudi Arabia
13.2 United Arab Emirates
13.3 Nigeria
13.4 South Africa
13.5 Others

14 Market Dynamics
14.1 SWOT Analysis
14.2 Porter's Five Forces Analysis
14.3 Key Indicators for Demand
14.4 Key Indicators for Price

15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles

16 Key Trends and Developments in the Market

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Attachment

• Global Golf Tourism Market

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