PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1481321
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1481321
Sports Tourism Market size is projected to expand at over 10% CAGR from 2024 to 2032, attributed to the growing interest in sports-related travel experiences along with the strong desire for active and experiential vacations. Major sporting events, such as the Olympics, FIFA World Cup, and international tournaments are attracting millions of tourists, further boosting the tourism revenue in host countries. As per a report of UN tourism, the sports tourism sector worldwide is estimated to grow at 17.5% between 2023 and 2032.
The rise of adventure sports and niche sporting activities like golf tourism, skiing trips, and wellness retreats is appealing to a diverse range of travelers seeking unique experiences. The increasing accessibility of travel destinations, rapid developments in transportation infrastructure as well as digital platforms is also facilitating easy bookings. Rising collaborations between tourism boards, sports organizations, and travel agencies will promote destination marketing and offer tailored experiences to travelers, adding to the market growth.
The sports tourism industry is categorized into sports, tourism, sporting activity, booking channel, and region.
Based on tourism, the market value from the active tourism segment is estimated to grow at substantial rate until 2032, due to the increasing popularity of adventure sports and outdoor activities among travelers seeking adrenaline-filled experiences. The rise of health and wellness tourism is encouraging individuals to incorporate physical activities into their vacations, further promoting the growth of sports-related travel. Several destinations are also promoting active tourism by attracting tourists that are looking for immersive and engaging experiences.
Sports tourism industry share from the soccer/football segment will rise at significant CAGR from 2024 to 2032, on account of the global popularity and appeal of soccer tournaments and leagues. Major events like the FIFA World Cup and UEFA Champions League are attracting millions of fans worldwide, driving tourism in the host countries. The passion and loyalty of soccer fans will further encourage travel to iconic stadiums and cities, subsequently opening new opportunities for sports-related tourism.
Regionally, the Asia Pacific sports tourism market will depict over 13% CAGR between 2024 and 2032, This is due to the burgeoning middle class population and the rising disposable incomes. A large number of people in the region are engaging in leisure and recreational activities, including sports-related travel. The hosting of major sporting events and the development of world-class sports infrastructure is attracting tourists from around the globe. The rollout of government initiatives to promote sports tourism, coupled with advancements in transportation and digital connectivity will drive the regional industry progression.