Golf Tourism Market, Trends, Dynamics, Market Analysis, Industry Analysis

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Presents a Research Report on
Golf Tourism Market
The report on Global Golf Tourism Market is
segmented By Type (Domestic, International), and
Region. This market research report provides
in-depth information on trends, dynamics, revenue
opportunities, competitive landscape, and recent
developments in the global golf tourism market.
The historic years considered for the study are
2016-2019, the base year is 2020, the estimated
year is 2021, and the forecast period is
2022-2026.


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Golf Tourism Market Growth and Forecast
Highlights Drivers

• The Global Golf Tourism Market is projected to
  grow from USD 4.6 billion in 2020 to USD 5.9
  billion by 2026 at a healthy CAGR of 4.2 during
  the forecast period.
• Golf tourism is referred to trips undertaken by
  people to play golf.
• Golf is typically considered a secondary
  activity.
• It is more than just a game as golf tourism
  generates a hefty amount of revenue.
• Golf is generally assumed as a game of rich
  people.
• Generally, golf lovers spend appreciably on the
  game and the hospitality services associated with
  the game.
• Growing purchasing power across the globe is
  increasing the economic status of the people.
• Also, the nature of jobs has changed and people
  are getting an increased amount of leisure time
  for activities such as golf.
• These factors drive the demand for golf tourism.
• Also, significant developments in technology
  especially in developed countries in western
  societies are encouraging people to engage in
  golf activities, thus offering ample
  opportunities to the market players.
• However, the expensive nature of gold is a
  restraining factor affecting market growth.

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Market Insights

• By Type
• The market is segmented as into domestic and
  international.
• The domestic segment held a substantial share and
  is likely to grow at a healthy CAGR during the
  review period.
• This is mainly ascribed to the benefits of the
  local population such as the familiarity with the
  countrys sports tourism and rules and the lesser
  financial tax imposed.
• Moreover, the domestic consumers are more likely
  to engage in the local golf tourism activities
  for family vacations or corporate events as it
  will be relatively less expensive and more
  convenient, thus driving the segment growth.
• By Region
• North America witnessed the largest market share
  in 2020 and is likely to grow at a steady CAGR in
  the coming years.
• Factors such as high standards of living,
  increasing adoption of golf as a leisure activity
  among the high-income population, as well as the
  strong presence of golf-playing areas.
• Of the 56 million golf players worldwide, around
  26.7 million are from the U.S. and 5 million in
  Canada, thus the region witnessed strong
  dominance in the golf tourism market.

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Competitive Insights
Golf Tourism Market, regional expansion, and
execution of mergers acquisitions are the key
strategies adopted by the major players to gain a
competitive edge in the market. Key Companies
Analysed

• Golf Tours International (UK),
• Golf Tours Worldwide (India),
• Golfasian Co. Ltd. (Thailand),
• Golfbreaks Ltd. (UK),
• Liberty Travel Tours (M) Sdn Bhd (Malaysia),
• Palatinate Group Ltd. (UK),
• Perry Travel Inc. (The U.S.),
• Premier Golf Tours (Australia),
• Scottish Golf Holidays Inc. (Scotland),
• The Haversham Baker Co. (The U.S.).

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Research Methodology
Data Analysis Top Down and Bottom Up Approach)
Data Triangulation Data Evaluation and Multiple
Data Triangulation)
Final Deliverables Final Report with All Findings)
Stratview Research follows a rigorous methodology
with high emphasis on primary research and
multiple ways of data triangulation. We conduct
primary research across the value chain to
provide 360 degree view of the market.
Secondary Research
Stratview Research Internal Knowledgebase
Primary Research

• Annual Reports / Fact Book
• Company Websites
• Magazines / Publications
• Press Releases Journals
• Industry News
• Association Articles
• Government Documents
• Social Media
• Others

• Robust database across value chain
• In-house industry veterans as advisors
• Project based subject matter experts

• Industry Players
• Industry Experts
• Suppliers
• Customers
• Associations
• Government Institutions
• Others

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Report Features

• This report provides market intelligence in the
  most comprehensive way. The report structure has
  been kept such that it offers maximum business
  value. It provides critical insights on the
  market dynamics and will enable strategic
  decision making for the existing market players
  as well as those willing to enter the market. The
  following are the key features of the report
• Market structure Overview, industry life cycle
  analysis, supply chain analysis.
• Market environment analysis Growth drivers and
  constraints, Porters five forces analysis, SWOT
  analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics Market share,
  product portfolio, product launches, etc.
• Attractive market segments and associated growth
  opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing
  and new players.
• Key success factors.

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