Global Sports Tourism Market

Sports Tourism Market Size, Share, Growth Analysis, By Product(Football, Cricket), By Type(Domestic and International), By Category(Active and Passive) - Industry Forecast 2024-2031

Report ID: SQMIG25P2013 | Region: Global | Published Date: March, 2024
Pages: 223 | Tables: 88 | Figures: 76

Sports Tourism Market News

  • In February 2024, Sri Lanka’s Sports and Tourism Minister, announced the initiation of comprehensive plans aimed at promoting sports tourism in the country. Minister Fernando highlighted the positive impact of these measures on both tourism and sports.

     

  • In February 2024, the Loves Park city, Illinois, entered a new deal with the Rockford Park District to promote sports tourism and bring thousands of athletes and visitors to Loves Park. The city will pay the Park District a maximum of $250,000 a year from its hotel taxes this year and in 2025 under the terms of the agreement.

     

  • In February 2024, JETSETLIFE officially launched the world's premier sports travel marketplace. The company's technology opened up access to pre-booked inventory not available elsewhere and exclusive access to prestigious sporting events around the world.

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Sports Tourism Market size was valued at USD 587.87 billion in 2022 and is poised to grow from USD 690.75 billion in 2023 to USD 2509.70 billion by 2031, growing at a CAGR of 17.5% in the forecast period (2024-2031).

The competitive landscape of the sports tourism market is marked by a diverse array of players spanning various sectors. Established travel agencies, tour operators, hospitality chains, and event management companies vie for market share by offering tailored sports-centric travel packages and experiences. 'TPI Ltd. (UK)', 'BAC Sports Ltd. (UK)', 'DTB Sports Management Ltd. (UK)', 'Fanatic Sports Pvt. Ltd. (India)', 'Gala Management Services Ltd. (UK)', 'Sports Travel and Tours Pty Ltd. (Australia)', 'International Sports Management Inc. (USA)', 'ITC Travel Group (UK)', 'JTB India Pvt. Ltd. (India)', 'KNT CT Holdings (Japan)', 'Match Hospitality AG (Switzerland)', 'QuintEvents LLC (USA)', 'Sports Tours International Ltd. (UK)', 'Sports Travel and Hospitality Group Ltd. (UK)', 'Sportsnet Corp. Pty Ltd. (Australia)', 'The Hospitality Group (USA)', 'Thomas Cook India Ltd. (India)', 'Travel sports (USA)', 'Veda Sports Marketing Pvt. Ltd. (India)', 'Victory Sports Tours (USA)'

The magnetic allure of experiencing live sporting events firsthand stands out as a major driving force in the dynamics of the sports tourism market. The electrifying atmosphere, emotional engagement, and the opportunity to witness top athletes competing on an international stage entice enthusiasts from around the world. This immersive experience fosters a deep connection between fans and their favorite sports, propelling them to travel across borders to partake in the spectacle. As the demand for authentic and unforgettable experiences grows, the draw of live sporting events continues to fuel the expansion of sports tourism, making it a pivotal force in the industry's dynamics.

Sustainable Sports Tourism: Sustainable sports tourism is emerging as a major trend in the market. Travelers are increasingly seeking environmentally responsible and socially conscious experiences. Host cities and event organizers are focusing on reducing the ecological footprint of sports events, integrating eco-friendly practices into venues, transportation, and accommodations. This trend aligns with growing consumer preferences for destinations that prioritize conservation, community engagement, and ethical considerations, driving the evolution of sports tourism toward more sustainable and impactful experiences.

Europe stands out as a dominant force in the sports tourism market. With a rich history in various sports disciplines and a plethora of iconic venues, Europe offers a compelling blend of cultural heritage and top-tier sporting events. The continent hosts a diverse range of tournaments, from soccer and rugby to tennis and motorsport, attracting millions of fans who are drawn to witness the high-caliber competition in historic locations. The accessibility of various countries in proximity makes it easier for fans to attend multiple events within a single trip, enhancing the overall sports tourism experience.

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Global Sports Tourism Market

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