The golf tourism market will register a growth of USD 41.04 billion
The data has been revealed by Technavio in its latest report that includes size, trends, analysis report by type, application, region and segment forecast 2021-2025
The growing importance of golf infrastructure around the world is one of the main elements influencing the golf tourism business. Most of these facilities are inaccessible to the general public, as they are located in private clubs, golf resorts, and golf-focused real estate. Most of the world's golf courses were located in North America, followed by Europe and Asia. Throughout the forecast period, the global golf tourism market is expected to see significant growth as a result of the expansion of golf courses in these regions.
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Geographical perspectives of the golf tourism market
North America will account for 53% of the market growth. The main markets for golf tourism in North America are the United States and Canada. Compared to the MEA and South American markets, the market in this region will grow faster. Throughout the projection period, the growth of the golf tourism market in North America will be aided by the presence of well-developed economies, pleasant weather conditions, the availability of a variety of terrains, and extensive media coverage of the sport. Plan and Strengthen your commercial and marketing strategies, Request a Sample Report.