As per the current market research conducted by the CMI Team, the global Golf Tourism Market size is expected to record a CAGR of 6.2% from 2023 to 2032. In 2023, the market size is projected to reach a valuation of USD 19.5 Billion. By 2032, the valuation is anticipated to reach USD 33.6 Billion.
Golf Tourism Market: Growth Factors and Dynamics
- Global Popularity of Golf: The worldwide popularity of golf, fueled by major tournaments like the Masters and The Open, contributes to the growth of golf tourism as enthusiasts seek to experience renowned golf courses and events.
- Rise of Leisure and Recreational Golfers: The increasing number of leisure and recreational golfers, drawn to the sport for relaxation and social experiences, drives demand for golf tourism packages that offer diverse courses and destinations.
- Golf Course Quality and Design: The quality and design of golf courses play a crucial role, in influencing travel decisions. Destinations with well-designed and challenging courses attract golf tourists seeking unique and memorable experiences.
- Destination Marketing and Promotion: Effective marketing and promotion of golf destinations through digital platforms, travel agencies, and partnerships contribute to the growth of golf tourism by attracting a broader audience and creating destination awareness.
- Emergence of Golf Resorts: The rise of golf resorts, offering a combination of golf facilities and luxury accommodations, appeals to travelers seeking comprehensive golf experiences, contributing to the overall growth of the golf tourism market.
- Innovation in Golf Packages: The introduction of innovative golf tour packages, including themed tours, golf and spa combinations, and customized itineraries, caters to diverse preferences and encourages repeat visits, fostering sustained growth in the golf tourism market.
- Corporate Golf Tourism: The growth of corporate golf tourism, where businesses organize golf-related events, tournaments, and retreats, fosters a unique segment within the market. Corporate partnerships and incentives contribute to increased golf tourism, blending business objectives with leisure activities.
- Technology Integration: The integration of technology, including online booking platforms, virtual course previews, and golf-related apps, enhances the accessibility and overall experience for golf tourists. Technology-driven innovations contribute to the ease of planning and participating in golf tourism activities.
Golf Tourism Market: Partnership and Acquisitions
- In 2022, Troon introduced the Troon Partners Network, a strategic partnership program connecting companies/brands with over 850,000 golfers at 650-plus Troon-affiliated golf courses globally. This network offers premier lifestyle and hospitality experiences, complemented by extensive media and marketing assets, providing unparalleled opportunities for collaboration and engagement.
- In 2023, Golf management leaders, Troon, and Invited formed a strategic partnership where Troon acquired 18 club management and consulting agreements from Invited. This collaboration aims to reshape the future of membership hospitality and drive growth for both organizations, fostering a long-term relationship between the two entities.
- In 2022, The Tourism Authority of Thailand (TAT) launches ‘Season 4’ in India, enhancing the golfing experience for Indian enthusiasts in Thailand. Simultaneously, growing awareness of the health benefits associated with sports is anticipated to further elevate the sport’s popularity in the years ahead.
Report Scope
| Feature of the Report | Details |
| Market Size in 2023 | USD 19.5 Billion |
| Projected Market Size in 2032 | USD 33.6 Billion |
| Market Size in 2022 | USD 18.4 Billion |
| CAGR Growth Rate | 6.2% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Destination Type, Golfer Type, Golfing Package, Facility Type and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Golf Tourism Market: COVID-19 Analysis
The COVID-19 pandemic has had a significant impact on the Golf Tourism Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:
- Travel Restrictions and Cancellations: Stringent travel restrictions and lockdowns led to widespread cancellations of golf trips and events, affecting the overall golf tourism market as travelers faced limitations on mobility.
- Closure of Golf Courses and Facilities: Temporary closures of golf courses and facilities due to safety concerns hindered the ability of golf tourists to engage in the sport, causing a decline in bookings and revenue for golf destinations.
- Economic Downturn and Spending Cuts: The economic fallout from the pandemic led to reduced disposable incomes, impacting golf tourism as potential travelers cut back on non-essential spending, including golf vacations and related activities.
- Safety Protocols and Hygiene Standards: Implementing and communicating stringent safety protocols and hygiene standards to assure golf tourists of a secure and healthy environment, fostering confidence and encouraging a return to golf-related travel.
- Domestic Golf Tourism Promotion: Promoting domestic golf tourism by emphasizing local destinations and courses. Travelers, cautious about international travel, may prefer exploring golf opportunities closer to home, contributing to the recovery of local golf tourism.
- Digital Marketing and Online Booking Incentives: Leveraging digital marketing strategies and offering online booking incentives to attract golf tourists. Special packages, discounts, and flexible booking policies can entice travelers to plan and book golf trips through digital platforms.
- Golf Events and Tournaments: Hosting and promoting golf events and tournaments with safety measures in place. These events not only attract participants but also serve as marketing tools, generating interest in the destination and reviving golf tourism.
- Collaborations and Packages: Collaborating with airlines, hotels, and other stakeholders to create attractive golf packages. Bundling services, offering discounts, and collaborating with travel partners can make golf tourism more appealing and cost-effective for potential travelers.
In conclusion, the COVID-19 pandemic has had a mixed impact on the Golf Tourism Market, with some challenges and opportunities arising from the pandemic.
List of the prominent players in the Golf Tourism Market:
- Your Golf Travel Ltd.
- PerryGolf
- com Ltd.
- Carr Golf
- Haversham & Baker Golfing Expeditions
- Premier Golf LLC
- Golfasian Co. Ltd.
- Golf Holidays Direct
- IAGTO (International Association of Golf Tour Operators)
- Classic Golf Tours
- Troon Golf LLC
- International Golf & Country Club
- Scottish Golf Tourism
- Tee Times Golf Agency
- Golf International Travel
- Others
The Golf Tourism Market is segmented as follows:
By Destination Type
- Golf Resorts
- Urban Golf Courses
- Scenic/Leisure Golf Retreats
By Golfer Type
- Leisure Golfers
- Professional Golfers
- Corporate/Business Golfers
By Golfing Package
- All-Inclusive Golf Vacations
- Weekend Golf Getaways
- Customized Golf Tour Packages
By Facility Type
- Championship Golf Courses
- Resort-Based Golf Facilities
- Others
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America