Global sports tourism market to hit $2.4 trillion by 2030 – report
The global market for sports tourism was estimated at $1.1 trillion in 2023 and is projected to reach $2.4 trillion by 2030, growing at a compound annual growth rate (CAGR) of 11.8% from 2023 to 2030, according to the Sports Tourism - Global Strategic Business Report published by ResearchAndMarkets.com.
The growth in the sports tourism market is driven by several factors, including the rising popularity of international sports events and competitions, technological advancements in travel planning, booking platforms, and customer experience, and the increasing focus on promoting adventure sports, ecotourism, and experiential travel. The need to provide unique, engaging, and culturally enriching sports tourism experiences for diverse traveller demographics is driving the demand for sport...