Sports tourism involves traveling to different locations to engage in active or passive sports for leisure and business purposes. It includes tourists participation in sports events, competitions, and training. Popular sports events that attract spectators include tennis, cricket, football, golf, and basketball tournaments. Additionally, adventure sports tourism is also gaining popularity where tourists participate in recreational activities like trekking, mountaineering, skiing, bungee jumping, water sports, and several other sports related activities. The global sports tourism market offers memorable experiences to sports enthusiasts through various spectator events, recreational activities, and adventure sports.
The Global Sports Tourism Market is estimated to be valued at US$ 769.37 Bn in 2024 and is expected to exhibit a CAGR of 12.% over the forecast period from 2024 to 2031.
Key Takeaways
Key players operating in the sports tourism market are Victory Sports Tours, BAC Sports Ltd., DTB Sports Management Ltd, Fanatic Sports Pvt. Ltd. , Gala Management Services Ltd., Global Sports Travel and Tours Pty Ltd., International Sports Management Inc., ITC Travel Group, JTB India Pvt. Ltd., KNT CT Holdings , Match Hospitality AG, QuintEvents LLC , Sports Tours International Ltd., Sports Travel and Hospitality Group Ltd., Sportsnet Corp. Pty Ltd., The Hospitality Group, Thomas Cook India Ltd., Travel sport, Veda Sports Marketing Pvt. Ltd., and TPI Ltd.
The growing popularity of various sporting leagues and tournaments at the international level is fueling the demand for Sports Tourism Market Trends. Popular international leagues like the Indian Premier League, English Premier League, NBA, and others are attracting tourism from sports enthusiasts globally.
Get More Insights On- Sports Tourism Market Trends
Explore More Related Topic- Scaffold Technology