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The Golf Tourism Market is likely to witness an impressive CAGR of 6.7% during the forecast period. The prime factor that is contributing to the demand for Golf Tourism is the increasing demand for Golf Tourism in various industries.
This report on the Golf Tourism Market has been put together covering various companies of the industry from different geographies. The study is a perfect blend of qualitative and quantitative research highlighting vital market developments, challenges and competition that the industry might face, along with opportunities and trends available in the Golf Tourism Market. The report intends to present a thorough analysis of the Golf Tourism Market and provide cutting-edge market intelligence to help decision makers undertake a sound investment evaluation. Besides, the report also classifies and analyses the emerging trends along with major growth drivers.
Golf Tourism Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges act as extrinsic factors affecting the market. The report aims at answering several key questions concerning the overall profitability in the market.
Few key players operating in the Golf Tourism Market are-
• Golf Tours International (UK),
• Golf Tours Worldwide (India),
• Golfasian Co. Ltd. (Thailand),
• Golfbreaks Ltd. (UK),
• Liberty Travel & Tours (M) Sdn Bhd (Malaysia),
• Palatinate Group Ltd. (UK),
• Perry Travel Inc. (The U.S.),
• Premier Golf Tours (Australia),
• Scottish Golf Holidays Inc. (Scotland),
• The Haversham & Baker Co. (The U.S.).
Growth drivers and Market Value:
This report, from Stratview Research Golf Tourism Market value and growth drivers over the trend period of 2022-27. According to the report -
The Global Golf Tourism Market is projected to grow from USD 4.6 billion in 2021 to USD 5.9 billion by 2026 at a healthy CAGR of 4.2% during the forecast period.
Segment Analysis:
Based on by Application Type:
• The domestic segment held a substantial share and is likely to grow at a healthy CAGR during the review period.
• This is mainly ascribed to the benefits of the local population such as the familiarity with the country’s sports tourism and rules and the lesser financial tax imposed.
• Moreover, the domestic consumers are more likely to engage in the local golf tourism activities for family vacations or corporate events as it will be relatively less expensive and more convenient, thus driving the segment growth.
Based on Regional:
Factors such as high standards of living, increasing adoption of golf as a leisure activity among the high-income population, as well as the strong presence of golf-playing areas. Of the 56 million golf players worldwide, around 26.7 million are from the U.S. and 5 million in Canada, thus the region witnessed strong dominance in the golf tourism market.
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