Published on : Mar 08, 2017
ALBANY, NY, March 08, 2017: The report is titled, “Global Golf Tourism Market 2017-2021.” The study explores the growth trajectory of the market over the last couple of years and the prospects for growth in the coming years. The research publication outlines the factors responsible for the variations in the market and evaluates them meticulously. The effect of certain developments has also been conversed in the research report. It also delivers data on the market shares, marketing strategies, and products of leading companies.
Golf tourism is witnessing rising popularity, mainly as a form of recreational sporting event rather than a more competitive one. As a result, tour package providers are coming up with ideas such as zero-price overnight stay and individual low price packages in order to attract customers. According to the report, the global golf tourism market is expected to expand at a CAGR over 14% over the forecast period. The growth of the market will be primarily driven by the launch of new airlines with comparatively low fare. It has also been observed that numerous customers highly prefer air transportation over others as it eases access to international destinations in significantly low time and also conveniently, thus also enhancing the number of people travelling for golf tourism or golf related activities. For instance, the number of tourists travelling via airways increased to 56.51% in 2015 from 54% in 2014. Thus, with all the above factors on the go, companies are being impelled to provide budget friendly airlines. Thus, the market for golf tourism is also expected to benefit from this fare cut with more tourists travelling for attending golf events.
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The growth of the market is also expected to be fuelled by the growing trend of integrated mobile solutions in the next couple of years. Numerous golf clubs and resorts provide customers and members with significant mobile services, which is not only a cross-selling solution, but also an upselling solution. These types of mobile applications enable users to follow and track golf clubs, get instant updates on social media, track their physical skills, and employ special services such as geo-location. Based on distribution channel, the market has been segmented into international and domestic. In 2016, domestic golf tourism accounted for the leading share and is expected to retain dominance over the next course of the forecast period.
Region-wise, the market has been segmented into the Americas, Asia Pacific, and Europe, the Middle East and Africa. The Americas are expected to lead the market until 2021 owing to the presence of numerous golf suppliers and golf being the one of the most preferred sport in the U.S. The companies operating in the in the global golf tourism market are Your Golf Travel, SGH Golf, PerryGolf, Golfbreaks, and Golfasian.
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