Sports Tourism Market Size, Trends and Insights By Sports Type (Football, Cricket, Basketball, Golf, Motor Sports, Mountain Biking, Rock Climbing, White-Water Rafting, Others), By Event Type (Major Sporting Events, Regular Sports Seasons), By Location (Domestic, International), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI40682

Published Date: February 2024

Pages: 320+

Category: Hospitality & Tourism

Report Snapshot

CAGR: 7.2%
412.2B
2022
441.9B
2023
826.2B
2032

Source: CMI

Study Period: 2023-2032
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Expedia Group
  • Booking Holdings Inc.
  • com Group
  • Flight Centre Travel Group
  • Carlson Wagonlit Travel (CWT)
  • Others

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Reports Description

As per the current market research conducted by the CMI Team, the global Sports Tourism Market is expected to record a CAGR of 7.2% from 2023 to 2032. In 2023, the market size is projected to reach a valuation of USD 441.9 Billion. By 2032, the valuation is anticipated to reach USD 826.2 Billion.

The sports tourism market refers to the industry centered around travel and tourism activities associated with sports events, competitions, and related experiences. Encompassing both participants and spectators, it involves the movement of individuals to destinations for purposes such as attending major sporting events, participating in recreational sports, or engaging in adventure activities.

The market is influenced by factors like the globalization of sports, technological advancements, health and wellness trends, and recovery strategies post-COVID-19. Key players provide services ranging from travel packages to accommodation, contributing to the growth of this dynamic sector with diverse offerings catering to various sporting interests.

Sports Tourism Market – Significant Growth Factors

The Sports Tourism Market presents significant growth opportunities due to several factors:

  • Global Sporting Events: Major international sporting events, such as the Olympics and FIFA World Cup, drive the sports tourism market by attracting a global audience. The allure of witnessing these events firsthand draws spectators from around the world, boosting travel and tourism in host cities.
  • Technology and Digital Platforms: Advances in technology have transformed the sports tourism landscape, making it easier for fans to access event information, purchase tickets, and plan travel arrangements online. Digital platforms enhance the overall experience, contributing to the growth of sports-related travel.
  • Health and Wellness Trends: The increasing focus on health and wellness has spurred interest in sports tourism, with travelers seeking destinations that offer opportunities for physical activities, fitness retreats, and wellness experiences.
  • Collaboration Between Sports and Tourism Industries: Strategic collaborations between sports organizations, tourism boards, and local governments drive the development of sports infrastructure, promotion of events, and effective destination marketing, contributing to the overall growth of the sports tourism market.
  • Diversification of Sports Offerings: Expanding the range of sports offerings and experiences, including niche and emerging sports, presents an opportunity to attract a broader audience. Catering to diverse sporting interests allows destinations to tap into new markets and demographics.
  • Sustainable Sports Tourism: The growing emphasis on sustainable practices provides an opportunity for the sports tourism market to adopt eco-friendly initiatives. Incorporating sustainable tourism practices not only aligns with global environmental concerns but also attracts environmentally conscious travelers, creating a positive impact on the market.

Sports Tourism Market – Mergers and Acquisitions

The Sports Tourism Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the Sports Tourism Market include:

  • In 2023, Destinations International collaborate with Sports ETA, elevating sports events and tourism education and advocacy. Sports ETA serves as the exclusive partner for sports tourism-related education content, enhancing Destinations International’s commitment to advancing knowledge and expertise in the field.
  • In 2022, In a collaboration with Cricket Scotland starting January 2023, inspire sport, the leading UK provider of youth sports development tours, introduces The R66T Festival of Cricket and The R66T Dubai Cup. Additionally, they offer domestic tours, including experiences with Lancashire Cricket, expanding their offerings in sports tourism and development opportunities.

These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the Sports Tourism Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Sports Tourism Market Conference Tourism Market Tourism Market
CAGR 7.2% (Approx) CAGR 10.1% (Approx) CAGR 3.7% (Approx)
USD 826.2 Billion by 2032 USD 1,487.2 Billion by 2032 USD 12,313.5 Billion by 2032

Sports Tourism Market – Significant Threats

The Sports Tourism Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:

  • Global Economic Uncertainty: Economic downturns or uncertainties can impact discretionary spending on travel, affecting the sports tourism market. During challenging economic periods, individuals may prioritize essential expenses over non-essential activities like attending sports events or participating in sports tourism activities.
  • Public Health Crises and Pandemics: Events such as the COVID-19 pandemic have demonstrated the vulnerability of the sports tourism market to public health crises. Travel restrictions, event cancellations, and safety concerns can significantly disrupt the normal flow of sports-related travel and pose a substantial threat to the industry.
  • Security Concerns and Terrorism: Security threats and acts of terrorism can have a profound impact on the sports tourism market. Safety concerns may discourage travelers from attending events or visiting specific destinations, leading to a decline in tourism associated with sports activities.
  • Climate Change and Natural Disasters: Increasing occurrences of extreme weather events due to climate change pose a threat to outdoor sports tourism activities. Natural disasters, such as hurricanes or wildfires, can disrupt events and infrastructure, negatively impacting the appeal of certain destinations for sports tourism.
  • Competitive Landscape and Overcrowding: Intense competition among destinations to attract sports tourists may lead to overcrowding and increased costs. The saturation of popular events or destinations may dilute the unique experiences for travelers, affecting the overall attractiveness of sports tourism and creating challenges for market sustainability.

Global Sports Tourism Market 2023–2032 (By Location)

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Category-Wise Insights

By Sports Type:

  • Football: Football sports tourism involves traveling to witness or participate in football matches globally. The fervor for major football events like the FIFA World Cup drives international travel, with fans converging on host cities. A significant trend is the integration of technology to enhance fan engagement, from virtual experiences to interactive apps. The immersive nature of football, coupled with the sense of community, propels the growth of football sports tourism.
  • Cricket: Cricket sports tourism pertains to travel associated with cricket matches, tournaments, and events. Popular especially in cricket-centric nations like India, the trend revolves around the attraction of major leagues and international tournaments. Destination marketing plays a crucial role, leveraging the popularity of cricket to boost tourism. The market also experiences growth through innovative fan experiences and increased digital engagement.
  • Basketball: Basketball sports tourism involves travel for basketball games, tournaments, and events. The NBA and other international leagues significantly contribute to the appeal of basketball sports tourism. Host cities witness increased tourism during major basketball events. Trends include interactive fan experiences at events and leveraging digital platforms for fan engagement, thereby supporting the overall growth of basketball sports tourism.
  • Golf: Golf sports tourism encompasses travel for golf tournaments, events, and leisure. Popular during major tournaments like The Masters, golf tourism is driven by destination marketing that emphasizes golf-friendly facilities. The rise of golf resorts also contributes to the growth of golf sports tourism. Technological advancements and a focus on creating unique golf experiences enhance the market’s attractiveness.
  • Motor Sports: Motorsports tourism involves travel for events like Formula 1, NASCAR, and MotoGP. Iconic races attract global spectators, and destination marketing plays a pivotal role in promoting race experiences. Technological innovations, such as virtual reality experiences and digital content, contribute to enhanced fan engagement in motorsports tourism. The dynamic and thrilling nature of motorsports sustains its appeal for travelers.
  • Mountain Biking: Mountain biking sports tourism pertains to travel for mountain biking competitions and adventures. Growing interest in adventure sports is a significant trend driving mountain biking tourism. Destinations with challenging trails attract enthusiasts seeking exhilarating experiences. Collaboration with biking communities, hosting events, and promoting eco-friendly practices contribute to the sustained growth of mountain biking sports tourism.
  • Rock Climbing: Rock climbing sports tourism involves travel for climbing competitions and recreational climbs. The rising popularity of rock climbing fuels sports tourism, attracting enthusiasts to destinations with renowned climbing sites. Safety measures and sustainable practices are key trends, enhancing the market appeal by ensuring a secure and eco-conscious experience for participants.
  • White-Water Rafting: White-water rafting sports tourism includes travel for rafting adventures and competitions. The increasing demand for adventure experiences drives the trend in white-water rafting tourism. Destinations with thrilling rivers and safety-conscious operations attract enthusiasts. Sustainable practices, including river conservation efforts, further enhance the market’s attractiveness for environmentally conscious travelers.
  • Others: The broad category of other sports tourism encompasses various sports and activities not specified in the mentioned segments. This diverse segment experiences growth through emerging sports, esports events, and unique recreational experiences. The trend in this category includes a continual exploration of new and unconventional sports, providing a dynamic and ever-evolving landscape within the sports tourism market.

Global Sports Tourism Market 2023–2032 (By Event Type)

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By Event Type

  • Major Sporting Events: Major sporting events in sports tourism refer to global spectacles like the Olympics and FIFA World Cup. Fans travel worldwide to witness these iconic competitions. A key trend involves destination marketing, leveraging the event’s global appeal. Enhanced digital experiences, including virtual participation, further engage fans, contributing to sustained growth.
  • Regular Sports Seasons: Regular sports seasons in sports tourism involve attending league games and matches throughout the year. Fans follow their favorite teams or players, contributing to consistent tourism. A trend is the utilization of technology for fan engagement, such as virtual season passes and interactive experiences, fostering year-round sports tourism.

By Location

  • Domestic: Domestic sports tourism involves travel within one’s own country to attend or participate in sports events. The trend in domestic sports tourism reflects a growing preference for local experiences and community engagement. Post-COVID-19, there’s an increased focus on exploring and promoting sports-related activities within one’s home country.
  • International: International sports tourism encompasses travel across borders for sports-related activities. The trend in international sports tourism highlights the globalization of major events and the appeal of diverse sports cultures. Technological advancements facilitate seamless cross-border travel arrangements, contributing to the sustained growth of international sports tourism.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 441.9 Billion
Projected Market Size in 2032 USD 826.2 Billion
Market Size in 2022 USD 412.2 Billion
CAGR Growth Rate 7.2% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Sports Type, Event Type, Location 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.

Sports Tourism Market – Regional Analysis

The Sports Tourism Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:

  • North America: North America experiences a trend of sports tourism diversification, with a rise in interest in niche and specialized sports events. Cities hosting major leagues, such as the NFL and NBA, continue to attract a significant influx of sports tourists. Technological innovations in fan engagement, including augmented reality experiences, contribute to the overall growth of sports tourism in the region.
  • Europe: In Europe, a prevalent trend is the integration of sports tourism with cultural experiences. Travelers seek destinations that offer a blend of iconic sports events and rich cultural heritage. Cities hosting major football tournaments or Grand Slam tennis events capitalize on this trend by promoting historical and cultural attractions alongside sporting activities, enhancing the overall visitor experience.
  • Asia-Pacific: The Asia-Pacific region sees a surge in adventure sports tourism, driven by a growing interest in outdoor activities and unique experiences. Countries like New Zealand and Japan attract adventure enthusiasts with offerings like mountain biking, hiking, and water sports. Collaborations between tourism boards and adventure sports organizations contribute to the region’s reputation as an adventure sports hub.
  • LAMEA (Latin America, Middle East, and Africa): LAMEA showcases a trend of leveraging sports tourism for economic development. Hosting major sporting events, such as the FIFA World Cup in Qatar, drives tourism infrastructure investments and fosters economic growth. The region also emphasizes sustainable practices, promoting eco-friendly sports tourism experiences that align with global environmental concerns.

Global Sports Tourism Market 2023–2032 (By Billion)

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Competitive Landscape – Sports Tourism Market

The Sports Tourism Market is highly competitive, with a large number of manufacturers and retailers operating globally. Some of the key players in the market include:

  • Expedia Group
  • Booking Holdings Inc.
  • com Group
  • Flight Centre Travel Group
  • Carlson Wagonlit Travel (CWT)
  • TUI Group
  • Fareportal
  • ATPI Group
  • HRG North America
  • FROSCH
  • Kuoni Global Travel Services
  • EF Education First
  • Golfasian Co. Ltd.
  • Roadtrips Inc.
  • Sports Travel & Tours
  • Others

These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships.

New players entering the sports tourism market, such as travel tech startups and specialized experience providers, leverage innovation and development to carve a niche. These entrants often embrace digital platforms, advanced technologies, and unique offerings to attract a modern and diverse consumer base.

Dominant key players like Expedia Group, Booking Holdings Inc., and Trip.com Group maintain market leadership through their extensive networks, established partnerships, and comprehensive services. Their dominance is reinforced by strategic collaborations, robust technology integration, and a global presence, allowing them to cater to a broad spectrum of sports tourism needs.

The Sports Tourism Market is segmented as follows:

By Sports Type

  • Football
  • Cricket
  • Basketball
  • Golf
  • Motor Sports
  • Mountain Biking
  • Rock Climbing
  • White-Water Rafting
  • Others

By Event Type

  • Major Sporting Events
  • Regular Sports Seasons

By Location

  • Domestic
  • International

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

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Sports Tourism Market, (2023 – 2032) (USD Billion)
    • 2.2 Global Sports Tourism Market: snapshot
  • Chapter 3. Global Sports Tourism Market – Industry Analysis
    • 3.1 Sports Tourism Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Global Sporting Events
      • 3.2.2 Technology and Digital Platforms
      • 3.2.3 Health and Wellness Trends
      • 3.2.4 Collaboration Between Sports and Tourism Industries
      • 3.2.5 Diversification of Sports Offerings
      • 3.2.6 Sustainable Sports Tourism.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Sports Type
      • 3.7.2 Market Attractiveness Analysis By Event Type
      • 3.7.3 Market Attractiveness Analysis By Location
  • Chapter 4. Global Sports Tourism Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Sports Tourism Market: Company Market Share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaboration, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Sports Tourism Market – Sports Type Analysis
    • 5.1 Global Sports Tourism Market Overview: By Sports Type
      • 5.1.1 Global Sports Tourism Market Share, By Sports Type, 2022 and 2032
    • 5.2 Football
      • 5.2.1 Global Sports Tourism Market by Football, 2023 – 2032 (USD Billion)
    • 5.3 Cricket
      • 5.3.1 Global Sports Tourism Market by Cricket, 2023 – 2032 (USD Billion)
    • 5.4 Basketball
      • 5.4.1 Global Sports Tourism Market by Basketball, 2023 – 2032 (USD Billion)
    • 5.5 Golf
      • 5.5.1 Global Sports Tourism Market by Golf, 2023 – 2032 (USD Billion)
    • 5.6 Motor Sports
      • 5.6.1 Global Sports Tourism Market by Motor Sports, 2023 – 2032 (USD Billion)
    • 5.7 Mountain Biking
      • 5.7.1 Global Sports Tourism Market by Mountain Biking, 2023 – 2032 (USD Billion)
    • 5.8 Rock Climbing
      • 5.8.1 Global Sports Tourism Market by Rock Climbing, 2023 – 2032 (USD Billion)
    • 5.9 White-Water Rafting
      • 5.9.1 Global Sports Tourism Market by White-Water Rafting, 2023 – 2032 (USD Billion)
    • 5.10 Others
      • 5.10.1 Global Sports Tourism Market by Others, 2023 – 2032 (USD Billion)
  • Chapter 6. Global Sports Tourism Market – Event Type Analysis
    • 6.1 Global Sports Tourism Market Overview: By Event Type
      • 6.1.1 Global Sports Tourism Market Share, By Event Type, 2022 and 2032
    • 6.2 Major Sporting Events
      • 6.2.1 Global Sports Tourism Market by Major Sporting Events, 2023 – 2032 (USD Billion)
    • 6.3 Regular Sports Seasons
      • 6.3.1 Global Sports Tourism Market by Regular Sports Seasons, 2023 – 2032 (USD Billion)
  • Chapter 7. Global Sports Tourism Market – Location Analysis
    • 7.1 Global Sports Tourism Market Overview: By Location
      • 7.1.1 Global Sports Tourism Market Share, By Location, 2022 and 2032
    • 7.2 Domestic
      • 7.2.1 Global Sports Tourism Market by Domestic, 2023 – 2032 (USD Billion)
    • 7.3 International
      • 7.3.1 Global Sports Tourism Market by International, 2023 – 2032 (USD Billion)
  • Chapter 8. Sports Tourism Market – Regional Analysis
    • 8.1 Global Sports Tourism Market Regional Overview
    • 8.2 Global Sports Tourism Market Share, by Region, 2022 & 2032 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America Sports Tourism Market, 2023 – 2032 (USD Billion)
        • 8.3.1.1 North America Sports Tourism Market, by Country, 2023 – 2032 (USD Billion)
    • 8.4 North America Sports Tourism Market, by Sports Type, 2023 – 2032
      • 8.4.1 North America Sports Tourism Market, by Sports Type, 2023 – 2032 (USD Billion)
    • 8.5 North America Sports Tourism Market, by Event Type, 2023 – 2032
      • 8.5.1 North America Sports Tourism Market, by Event Type, 2023 – 2032 (USD Billion)
    • 8.6 North America Sports Tourism Market, by Location, 2023 – 2032
      • 8.6.1 North America Sports Tourism Market, by Location, 2023 – 2032 (USD Billion)
    • 8.7. Europe
      • 8.7.1 Europe Sports Tourism Market, 2023 – 2032 (USD Billion)
        • 8.7.1.1 Europe Sports Tourism Market, by Country, 2023 – 2032 (USD Billion)
    • 8.8 Europe Sports Tourism Market, by Sports Type, 2023 – 2032
      • 8.8.1 Europe Sports Tourism Market, by Sports Type, 2023 – 2032 (USD Billion)
    • 8.9 Europe Sports Tourism Market, by Event Type, 2023 – 2032
      • 8.9.1 Europe Sports Tourism Market, by Event Type, 2023 – 2032 (USD Billion)
    • 8.10 Europe Sports Tourism Market, by Location, 2023 – 2032
      • 8.10.1 Europe Sports Tourism Market, by Location, 2023 – 2032 (USD Billion)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Sports Tourism Market, 2023 – 2032 (USD Billion)
        • 8.11.1.1 Asia Pacific Sports Tourism Market, by Country, 2023 – 2032 (USD Billion)
    • 8.12 Asia Pacific Sports Tourism Market, by Sports Type, 2023 – 2032
      • 8.12.1 Asia Pacific Sports Tourism Market, by Sports Type, 2023 – 2032 (USD Billion)
    • 8.13 Asia Pacific Sports Tourism Market, by Event Type, 2023 – 2032
      • 8.13.1 Asia Pacific Sports Tourism Market, by Event Type, 2023 – 2032 (USD Billion)
    • 8.14 Asia Pacific Sports Tourism Market, by Location, 2023 – 2032
      • 8.14.1 Asia Pacific Sports Tourism Market, by Location, 2023 – 2032 (USD Billion)
    • 8.15. Latin America
      • 8.15.1 Latin America Sports Tourism Market, 2023 – 2032 (USD Billion)
        • 8.15.1.1 Latin America Sports Tourism Market, by Country, 2023 – 2032 (USD Billion)
    • 8.16 Latin America Sports Tourism Market, by Sports Type, 2023 – 2032
      • 8.16.1 Latin America Sports Tourism Market, by Sports Type, 2023 – 2032 (USD Billion)
    • 8.17 Latin America Sports Tourism Market, by Event Type, 2023 – 2032
      • 8.17.1 Latin America Sports Tourism Market, by Event Type, 2023 – 2032 (USD Billion)
    • 8.18 Latin America Sports Tourism Market, by Location, 2023 – 2032
      • 8.18.1 Latin America Sports Tourism Market, by Location, 2023 – 2032 (USD Billion)
    • 8.19. The Middle-East and Africa
      • 8.19.1 The Middle-East and Africa Sports Tourism Market, 2023 – 2032 (USD Billion)
        • 8.19.1.1 The Middle-East and Africa Sports Tourism Market, by Country, 2023 – 2032 (USD Billion)
    • 8.20 The Middle-East and Africa Sports Tourism Market, by Sports Type, 2023 – 2032
      • 8.20.1 The Middle-East and Africa Sports Tourism Market, by Sports Type, 2023 – 2032 (USD Billion)
    • 8.21 The Middle-East and Africa Sports Tourism Market, by Event Type, 2023 – 2032
      • 8.21.1 The Middle-East and Africa Sports Tourism Market, by Event Type, 2023 – 2032 (USD Billion)
    • 8.22 The Middle-East and Africa Sports Tourism Market, by Location, 2023 – 2032
      • 8.22.1 The Middle-East and Africa Sports Tourism Market, by Location, 2023 – 2032 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 Expedia Group
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Booking Holdings Inc.
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Trip.com Group
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 Flight Centre Travel Group
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 Carlson Wagonlit Travel (CWT)
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 TUI Group
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 Fareportal
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 ATPI Group
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 HRG North America
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 FROSCH
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 Kuoni Global Travel Services
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
    • 9.12 EF Education First
      • 9.12.1 Overview
      • 9.12.2 Financials
      • 9.12.3 Product Portfolio
      • 9.12.4 Business Strategy
      • 9.12.5 Recent Developments
    • 9.13 Golfasian Co. Ltd.
      • 9.13.1 Overview
      • 9.13.2 Financials
      • 9.13.3 Product Portfolio
      • 9.13.4 Business Strategy
      • 9.13.5 Recent Developments
    • 9.14 Roadtrips Inc.
      • 9.14.1 Overview
      • 9.14.2 Financials
      • 9.14.3 Product Portfolio
      • 9.14.4 Business Strategy
      • 9.14.5 Recent Developments
    • 9.15 Sports Travel & Tours
      • 9.15.1 Overview
      • 9.15.2 Financials
      • 9.15.3 Product Portfolio
      • 9.15.4 Business Strategy
      • 9.15.5 Recent Developments
    • 9.16 Others.
      • 9.16.1 Overview
      • 9.16.2 Financials
      • 9.16.3 Product Portfolio
      • 9.16.4 Business Strategy
      • 9.16.5 Recent Developments
List Of Figures

Figures No 1 to 29

List Of Tables

Tables No 1 to 77

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2032

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2032
  • Market revenue estimates and forecasts up to 2032, by technology
  • Market revenue estimates and forecasts up to 2032, by application
  • Market revenue estimates and forecasts up to 2032, by type
  • Market revenue estimates and forecasts up to 2032, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • Expedia Group
  • Booking Holdings Inc.
  • com Group
  • Flight Centre Travel Group
  • Carlson Wagonlit Travel (CWT)
  • TUI Group
  • Fareportal
  • ATPI Group
  • HRG North America
  • FROSCH
  • Kuoni Global Travel Services
  • EF Education First
  • Golfasian Co. Ltd.
  • Roadtrips Inc.
  • Sports Travel & Tours
  • Others

FAQs

The key factors driving the Market are Global Sporting Events, Technology and Digital Platforms, Health and Wellness Trends, Collaboration Between Sports and Tourism Industries, Diversification of Sports Offerings And Sustainable Sports Tourism.

The “Football” category dominated the market in 2022.

The key players in the market are Expedia Group, Booking Holdings Inc., Trip.com Group, Flight Centre Travel Group, Carlson Wagonlit Travel (CWT), TUI Group, Fareportal, ATPI Group, HRG North America, FROSCH, Kuoni Global Travel Services, EF Education First, Golfasian Co. Ltd., Roadtrips Inc., Sports Travel & Tours, Others.

“North America” had the largest share in the Sports Tourism Market.

The global market is projected to grow at a CAGR of 7.2% during the forecast period, 2023-2032.

The Sports Tourism Market size was valued at USD 441.9 Billion in 2023.

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