The Sports Tourism Market size is expected to at a Compound Annual Growth Rate of +5% during the forecast period 2019-2025.
Sports tourism refers to travel which involves either observing or participating in a sporting event while staying apart from the tourists’ usual environment. Sport tourism is a fast-growing sector of the global travel industry and equates to $7.68 billion.
Report Consultant proclaims the addition of new informative study titled as Sports Tourism Market. In order to get a complete analysis of the existing business scenario, researchers take a closer look at the global market by using industry-specific methodologies such as primary and secondary research.
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Sports tourism refers to a traveler’s involvement with a country or region’s sporting events. The involvement can be in an active or passive form. These sporting events include sports like soccer, cricket, hockey, tennis, golf, baseball, rugby, and basketball. The tourism industry has experienced an outstanding growth in the last six decades, especially in regions such as Europe, which receives a large number of international travelers for short breaks. Tourists usually have a good budget and look for good food and accommodation.
Top Key Players:
Expedia Group, Priceline Group, China Travel, China CYTS Tours Holding, American Express Global Business Travel, Carlson Wagonlit Travel, BCD Travel, HRG North America, Travel Leaders Group, Fareportal/Travelong, AAA Travel, Corporate Travel Management, Travel and Transport, Altour, Direct Travel, World Travel Inc., Omega World Travel, Frosch, JTB Americas Group, Ovation Travel Group
Global Sports Tourism Market: Product Segment Analysis:
- International Sports Tourism
- Domestic Sports Tourism
Global Sports Tourism Market: Application Segment Analysis:
For the purpose of the study, the global Sports Tourism Market has been analyzed across the global regions such as North America, Latin America, Asia-Pacific, Middle East, Africa, and Europe. It gives more focus on developing countries for the detailed elaboration of global market demand.
The increase in employment opportunities is one of the primary growth factors for the sports tourism market. The growth in sport tourism will increase a country’s GDP and employment. The increase in spending capacity from the global population has resulted in the rising participation in sports tourism. This in turn, increases the growth of the service industry and provides increased employment opportunities.
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This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
It helps in making informed business decisions by having complete insights of market and by making an in-depth analysis of market segments
Sports Tourism Market 2025 segmentation by technology, applications, and five major geographical regions. This Report covers the Major Players’ data, including shipment, revenue, gross profit, interview record, business distribution, etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size.