Worldwide Surfing Adventure Sports Are Becoming More And More...

Worldwide Surfing Adventure Sports Are Becoming More And More Popular

Postado 2024-05-22 10:05:43

719

The vacation packages and surfing tours that cater to both professional and recreational surfing activities make up the global surfing tourism market. Across the world, surfing is mainly done as an outdoor recreational activity or competitive sport. It involves riding waves using a surfboard. Transportation, lodging, equipment rentals, and other auxiliary services for surfers and aficionados traveling for surfing holidays or competitions are all included in surfing tourism. The market is intimately related to the travel and tourism sector as a whole since well-known surfing locations draw large numbers of visitors each year. Certain areas have become important hubs for surfing due to factors including beautiful coasts, warm waters, and year-round surf conditions.

The Global Surfing Tourism Market is estimated to be valued at US$ 16.19 Bn in 2024 and is expected to exhibit a CAGR of 6.1% over the forecast period 2024 to 2031.

Key Takeaways
Key players operating in the Global Surfing Tourism Market Size are Driftwood Mentawai, 360° Travel - Sports Travel Agency, Perfect Wave, ZOCOTRAVEL, Wavehunters, Global Surf, Waterways Surf Adventures, Nomad Surfers, Atoll Travel, The Ocean Spell Surf Travel Agency, LUEX, Surf The Earth, World Surfaris, True Blue Travel, and CR Surf Travel Co. The growing popularity of surfing as an adventure sport and lifestyle has been fueling the demand for specialized surfing tour packages and services globally. Several popular destinations across countries such as Indonesia, Australia, USA, Peru, Mexico, Portugal etc. are witnessing significant tourist arrivals primarily for surfing. Leading players are expanding their global footprint by collaborating with local partners to tap new untapped markets and provide customized surfing experiences.

Market Drivers
The key driver for the global surfing tourism market is the growing inclination towards adventure sports and experiences among millennial and generation Z travelers. Surfing offers a unique combination of adventure, lifestyle and connection with nature that appeals to this demographic. Additionally, factors such as rising global travel, overall growth of the tourism industry and preferences towards niche and experiential vacations are also fueling the demand for surfing tourism globally. Social media influences have further popularized the sport and surfing destinations, driving more participants and spectators towards the market.

Geopolitical Situation Impacting Global Surfing Tourism Market Growth

The current geopolitical tensions and rising cost of travel are impacting the growth of the global surfing tourism market. The ongoing Russia-Ukraine conflict and tensions in the South China Sea region have disrupted travel and tourism in those areas. Surfing destinations like Mentawai Islands in Indonesia and Todos Santos in Mexico that attracted many international surfers have witnessed declining tourist arrivals due to rising travel costs and restrictions. This has hampered the revenue growth of surf camps, tour operators and other businesses involved in surfing tourism in these regions.

Furthermore, rising fuel costs and inflation have substantially increased airfare and other travel expenses worldwide. This has made international surfing trips expensive for many enthusiasts, especially those from non-Asian markets like North America and Europe that drive a major portion of the surf tourism industry currently. Tour operators will need to effectively bundle attractive packages and pass on some additional costs to maintain tourist volumes. Collaboration with low-cost airlines can potentially make destinations more accessible. Operators should also focus on promoting less explored domestic markets to offset declining numbers from geopolitically volatile regions in the short term. Emphasis on shorter multi-destination itineraries within countries or regions could attract more budget travelers.

Concentration of Surfing Tourism Market by Geographical Regions

Geographically, North America currently holds the largest share of the global surfing tourism market in terms of revenue. Popular surf destinations like Hawaii, California, Florida and Mexico attract thousands of surfing enthusiasts from within the United States and abroad every year due to their reliable surf breaks and infrastructure. The presence of international airports in major surfing hubs aids accessibility. Australia and Indonesia follow North America in market value, driven by icons like Bali, Gold Coast and Byron Bay that receive high tourist footfalls. Upcoming destinations in countries like El Salvador and Nicaragua in Central America are witnessing fastest revenue growth.
Get more insights on Global Surfing Tourism Market