Global Golf Tourism Market 2019-2023
About this market
Rising adoption of golf tourism in developing countries to drive growth in the market. The penetration of golf tourism in developing countries is also increasing with the popularity of the game in these countries. improved living standards, increased interest in golf, and enhancement of sports facilities are driving the popularity of the game in the region. Technavio’s analysts have predicted that the golf tourism market will register a CAGR of close to 11% by 2023.
Rising government support for the promotion of golf tourism
Globally golf tourism is gaining traction in North America and Europe. The governments of various countries are extending support for the growth and development of golf tourism in their countries. For example, to cater to this growing interest in golf tourism, the government is creating an exhaustive and coordinated framework.
Golf's dependence on weather conditions
Since golf is an outdoor sport that needs good infrastructure. the game depends on weather conditions. Rain or fog can reduce visibility and accuracy of the golfers to hit the ball. These factors make the sport a seasonal one.
For the detailed list of factors that will drive and challenge the growth of the golf tourism market during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies including PerryGolf and SGH Golf the competitive environment is quite intense. Factors such as the rising adoption of golf tourism in developing countries and the rising government support for the promotion of golf tourism, will provide considerable growth opportunities to golf tourism manufactures. Golfasian, Golfbreaks.com, Palatinate Group, PerryGolf, and SGH Golf are some of the major companies covered in this report.
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