Share This Article Sports tourism is defined as travel that includes either observing or participating in a sporting event while away from the tourists’ usual surroundings. Traveling from one region, country, or state to another to watch a sporting event or game is known as sports tourism. While sports tourism has not always been extremely […]
Share This ArticleSports tourism is defined as travel that includes either observing or participating in a sporting event while away from the tourists’ usual surroundings. Traveling from one region, country, or state to another to watch a sporting event or game is known as sports tourism. While sports tourism has not always been extremely popular, the number of people attending sporting events has increased dramatically in the last decade. People are now travelling long distances to attend their favorite events, fueling sports tourism’s sudden surge in popularity. There are three types of sports tourism: sports event tourism, celebrity and nostalgia sport tourism, and active sport tourism.
WILMINGTON, DE, UNITED STATES, December 26, 2024 /EINPresswire.com/ — The global sports tourism market size was valued at $323,420.0 million in 2020, and is projected to reach $1,803,704.0 million by 2030, registering a CAGR of 16.1% from 2021 to 2030 An increase in the number of fan zones is expected to emerge as a major market trend. The sports industry’s stakeholders are focusing on reaching a larger audience in order to showcase tournaments and expand their reach. This is advantageous to the sports tourism industry. An increasing number of sporting events are emphasizing the establishment of official fan zones. These fan zones can be established in the same region or city that is hosting the sporting event, or in a variety of other cities and regions that are not the host. David Correa
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XEurope Sports Equipment and Apparel Market https://www.alliedmarketresearch.com/europe-sports-equipment-and-apparel-market By type, the domestic segment was the highest contributor to the market, with 1,415.6 million in 2020, and is estimated to reach 7,090.7 million by 2030, at a CAGR of 16.1% during the forecast period. Reasons to Buy this Sports Tourism Market Report: News Provided By> To develop effective R&D strategies, gather information, analysis, and strategic insight from competitors Enotourism Market https://www.alliedmarketresearch.com/enotourism-market-A13687 > To increase and grow business potential and reach, develop and plan licencing and licencing strategies by finding possible partners with the most appealing projects. Related Article: The global sports tourism industry is witnessing growth as the number of sporting events held around the world has increased. To increase spectator engagement, new tournaments are being held in existing venues, and new venues for existing tournaments are being built to broaden the reach and appeal of sports. Increased sporting events will help the tourism industry attract more tourists to sporting venues, which will eventually accelerate future demand for hotel and resort services. An increase in the number of sporting events will help to attract more tourists to sporting venues, leading to the expansion of the sports tourism industry. The increasing number of sporting events held around the world will drive the global sports tourism market. The global sports tourism market is segmented on the basis of product, type, category, and region. On the basis of product, the market is categorized as football/soccer, cricket, motorsport, tennis, and others. As per type, it is divided into domestic and international. Based on category, the sports tourism market is segmented as active and passive. Region-wise, the sports tourism market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. As per the sports tourism market trends, by product, the football/soccer segment was the highest revenue contributor in 2020, due to enormous popularity and love for football among the global population. By type, the domestic segment held the largest market share. Government development policies and large investments in sports infrastructure such as playing fields, stadiums, and sports clubs, have significantly contributed to the growth of the domestic segment. Based on category, the passive segment garnered the highest sports tourism market share due to increase in sports activities and events across various countries. Key findings of the study The global sports tourism market was valued at 3,420.0 million in 2020, and is projected to reach ,803,704.0 million by 2030, registering a CAGR of 16.1% from 2021 to 2030. Procure Complete Report (290 Pages PDF with Insights, Charts, Tables, and Figures) @ https://www.alliedmarketresearch.com/checkout-final/9de9b41b80be53a0160980152feb76e1 Sports Apparel Market COVID-19 has the potential to impact the global economy in three ways: directly affecting production and demand, causing supply chain and market disruption, and having a financial impact on businesses and financial markets. The COVID-19 outbreak had a wide-ranging impact, resulting in flight cancellations, travel bans and quarantines, restaurant closures, and a ban on all indoor events in over forty countries. As a result, there has been a significant reduction in the volatility of the sports tourism market demand, a drop in business, a rise in panic among the people, and uncertainty about the future. > Suitable for providing dependable and high-quality data and analysis to assist your internal and external presentations.
December 26, 2024, 14:12 GMT
Sports Tourism Market Size, Share, Competitive Landscape and Trend Analysis Report, by Product, Type> Develop tactical initiatives by gaining a better grasp of the areas in which huge corporations can intervene.
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> Recognize newcomers with potentially strong product portfolios and devise effective counter-strategies to acquire a competitive edge. > Mergers and acquisitions should be well-planned by identifying the best manufacturer. By type, the domestic segment is the highest contributor to the market and is estimated to reach 7,090.7 million by 2030, at a CAGR of 16.1%Request The Sample PDF Of This Report: https://www.alliedmarketresearch.com/request-sample/13441 By region, Europe was the highest revenue contributor, accounting for 9,018.6 million in 2020, and is estimated to reach 4,081.6 million by 2030, with a CAGR of 15.7%. Related Reports: The key players in the global sports tourism market include BAC Sports, QuintEvents, Sports Travel & Hospitality Group, MATCH Hospitality, THG Sports, Club Europe Holidays Ltd., Gullivers Sports Travel Limited, Inspiresport, DTB Sports Hospitality and Event Management Ltd., and Great Atlantic Sports Travel.
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Sports Equipment and Apparel Market With an increase in the number of sports tourists, there is a greater demand for more seating space at sporting venues all over the world. Because a larger number of visitors can be accommodated in sporting event facilities, larger seating capacities result in higher ticket revenue collection. The increase in revenue from tickets and sports packages will help the sports tourism industry to grow. Many sports organizations and events are working hard to expand their capacity to accommodate sports fans. A lack of financial support for franchisee teams, on the other hand, may result in event cancellation, harming the sports tourism market and acting as a restraint factor for the global sports tourism market. By product, the football/soccer segment was the highest contributor to the market, with ,891.6 million in 2020, and is estimated to reach 6,691.3 million by 2030, at a CAGR of 15.8% during the forecast period. Travel Accommodation Market https://www.alliedmarketresearch.com/travel-accommodation-market
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