Golf Tourism Market Size, Trends and Insights By Destination Type (Golf Resorts, Urban Golf Courses, Scenic/Leisure Golf Retreats), By Golfer Type (Leisure Golfers, Professional Golfers, Corporate/Business Golfers), By Golfing Package (All-Inclusive Golf Vacations, Weekend Golf Getaways, Customized Golf Tour Packages), By Facility Type (Championship Golf Courses, Resort-Based Golf Facilities, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Your Golf Travel Ltd.
- PerryGolf
- com Ltd.
- Carr Golf
- Haversham & Baker Golfing Expeditions
- Others
Reports Description
As per the current market research conducted by the CMI Team, the global Golf Tourism Market is expected to record a CAGR of 6.2% from 2023 to 2032. In 2023, the market size is projected to reach a valuation of USD 19.5 Billion. By 2032, the valuation is anticipated to reach USD 33.6 Billion.
The golf tourism market involves travel for the primary purpose of engaging in or witnessing golf-related activities. Enthusiasts and tourists participate in golf vacations, visiting renowned golf courses globally.
Key factors driving this market include the popularity of golf events, the quality of golf courses, and the rise of leisure golfers.
Golf resorts, corporate golf events, and digital advancements in booking platforms contribute to the market’s growth. The industry caters to a diverse range of golfers and travelers, offering unique experiences, events, and packages centered around the sport of golf.
Golf Tourism Market – Significant Growth Factors
- Global Popularity of Golf: The global popularity of golf, driven by major tournaments and a growing number of leisure golfers, fuels the demand for golf tourism experiences and packages.
- Course Quality and Design: Well-designed and challenging golf courses attract enthusiasts, serving as a significant driver for golf tourism, as travelers seek diverse and unique golfing experiences.
- Digital Advancements: Technology integration, including online booking platforms and virtual course previews, enhances accessibility, convenience, and overall engagement, contributing to the growth of the golf tourism market.
- Emergence of Golf Resorts: The rise of golf resorts offering comprehensive golf experiences, combined with luxury accommodations, becomes a driving force in attracting travelers seeking integrated golf and leisure packages.
- Sustainability Initiatives: Embracing sustainability practices in golf tourism presents an opportunity to attract environmentally conscious travelers, contributing to responsible tourism and enhancing the industry’s long-term appeal.
- Corporate Golf Events: The growth of corporate golf events creates opportunities for collaboration and customized packages, catering to businesses organizing golf-related activities, tournaments, and retreats, expanding the market’s reach and revenue potential.
Golf Tourism Market – Mergers and Acquisitions
The Golf Tourism Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the Golf Tourism Market include:
- In 2023, Governor Justice announced a partnership with NBC Sports Next and GolfNow, introducing online tee time booking at West Virginia State Parks. Participating golf courses include Cacapon Resort State Park, Canaan Valley Resort State Park, Pipestem Resort State Park, and Twin Falls Resort State Park, enhancing accessibility and convenience for golf enthusiasts.
- In 2021, The PGA Tour, a prominent U.S. professional golf tour operator, acquired a minority stake in a European tour media company, signalling a strategic move to expand its presence in the global men’s professional golf segment. This collaboration aims to enhance the tour operator’s international reach and strengthen its position in the golf industry.
- In 2020, Global sports entertainment company TOPGOLF INTERNATIONAL INC. merged with Callaway Golf Company, combining their brand influence and financial capabilities to target emerging professional golfers on a global scale. The partnership aims to provide enhanced opportunities and support for the development of new talents in professional golf worldwide.
These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the Golf Tourism Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.
COMPARATIVE ANALYSIS OF THE RELATED MARKET
| Golf Tourism Market | Golf Simulators Market | Golf Grip Market |
| CAGR 6.2% (Approx) | CAGR 10% (Approx) | CAGR 3.5% (Approx) |
| USD 33.6 Billion by 2032 | USD 3.4 Billion by 2032 | USD 262.7 Million by 2032 |
Golf Tourism Market – Significant Threats
The Golf Tourism Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:
- Global Health Crises: Events like pandemics pose a significant threat to the golf tourism market, leading to travel restrictions, event cancellations, and safety concerns, affecting the industry’s overall revenue and operations.
- Economic Downturns: Economic recessions or downturns can limit disposable incomes and impact travel budgets, reducing the willingness of individuals to engage in golf tourism, and leading to decreased spending on golf vacations and related activities.
- Weather-Related Disruptions: Extreme weather events, natural disasters, or the long-term effects of climate change can disrupt golf tourism, damage golf courses, and hinder the overall appeal of certain destinations for golf enthusiasts.
- Technological Disruptions: Rapid technological advancements, if not adopted by the golf tourism industry, can lead to a loss of competitiveness. Failure to leverage technology for marketing, booking, and enhancing the overall golfing experience may result in reduced market share.
- Security Concerns: Political instability, terrorism, and safety concerns in certain regions can deter golf tourists from visiting destinations with major golf events or renowned golf courses, affecting attendance and participation in golf-related activities.
Category-Wise Insights
By Destination Type:
- Golf Resorts: Golf resorts are destination-type facilities offering a combination of golf courses and luxury accommodations. Trends include integrated wellness offerings, family-friendly amenities, and sustainability initiatives, providing comprehensive experiences beyond golf to attract a diverse range of travelers.
- Urban Golf Courses: Urban golf courses are situated in city settings, offering convenient access. Trends involve compact, technology-enhanced courses catering to time-conscious urban dwellers, and the rise of golf entertainment complexes, contributing to the integration of golf into urban lifestyles.
- Scenic/Leisure Golf Retreats: Scenic/leisure golf retreats are destinations set in picturesque landscapes, emphasizing relaxation and natural beauty. Trends include eco-friendly practices, personalized golf experiences, and the incorporation of cultural or wellness elements, appealing to those seeking a serene and immersive golfing getaway.
By Golfers Type
- Leisure Golfers: Leisure golfers, seeking relaxation and social experiences, drive the golf tourism market. Trends include a rise in themed golf vacations, incorporating wellness activities, and an emphasis on picturesque golf courses, offering leisure golfers diverse and enjoyable experiences.
- Professional Golfers: Professional golfers, focusing on high-quality courses and exclusive events, contribute to the golf tourism market. Trends include customized itineraries for training and play, access to renowned courses, and participation in elite tournaments.
- Corporate/Business Golfers: Corporate golfers, organizing events, retreats, and tournaments, form a significant segment in the golf tourism market. Trends involve tailored packages for business-related golf activities, including networking opportunities, team-building events, and exclusive access to premium golf facilities.
By Golfing Type
- All-Inclusive Golf Vacations: All-Inclusive Golf Vacations encompass comprehensive packages covering accommodations, meals, and golf activities. Trends show a growing preference for these packages, offering convenience and cost predictability, attracting golf tourists seeking hassle-free, all-inclusive experiences with a focus on both golf and leisure amenities.
- Weekend Golf Getaways: Weekend Golf Getaways cater to golf enthusiasts seeking short-duration trips. A trend indicates increased demand for quick, weekend golf escapes, providing an accessible and time-efficient option for individuals looking to indulge in golf experiences without a lengthy commitment.
- Customized Golf Tour Packages: Customized Golf Tour Packages offer tailored itineraries based on individual preferences. In this trend, golf tourists seek unique and personalized experiences, prompting tour operators to provide flexibility, diverse course options, and additional activities, meeting the demand for more personalized and specialized golf tourism offerings.
By Facility Type
- Championship Golf Courses: Championship golf courses are high-caliber, competitive venues hosting major tournaments. Trends include incorporating cutting-edge technology, and sustainability practices, and hosting prestigious events to attract golf enthusiasts seeking top-tier experiences and challenging play.
- Resort-Based Golf Facilities: Resort-based golf facilities are integrated into luxury resorts, offering golf as part of a comprehensive leisure experience. Trends involve combining golf with spa, fine dining, and recreational amenities, catering to travelers seeking integrated and upscale golf tourism experiences.
- Others: The “Others” category encompasses diverse facility types such as public and municipal courses, private clubs, and historic or cultural landmark courses. Trends vary widely, ranging from the incorporation of technology to enhance user experiences to the promotion of unique course features or historical significance to attract golf tourists.
Report Scope
| Feature of the Report | Details |
| Market Size in 2023 | USD 19.5 Billion |
| Projected Market Size in 2032 | USD 33.6 Billion |
| Market Size in 2022 | USD 18.4 Billion |
| CAGR Growth Rate | 6.2% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Destination Type, Golfer Type, Golfing Package, Facility Type and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Golf Tourism Market – Regional Analysis
The Golf Tourism Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:
- North America: North America is witnessing a trend towards golf and spa combinations, with resorts integrating wellness offerings to attract golf enthusiasts. There’s also a focus on technology integration for enhanced user experiences. Notable players include Your Golf Travel, PerryGolf, and Troon Golf, leveraging technology and partnerships to provide diverse golf experiences.
- Europe: Europe is experiencing a rise in historical golf tourism, emphasizing courses with cultural significance and hosting events at iconic venues. Sustainable golf practices and eco-friendly courses are gaining prominence. Leading companies include Golfbreaks.com, IAGTO, and Carr Golf, contributing to Europe’s rich golf tourism landscape through partnerships and unique offerings.
- Asia-Pacific: In the Asia-Pacific region, there’s a surge in adventure golf tourism, with a focus on courses in picturesque landscapes and the integration of unique cultural experiences. Online booking platforms and digital marketing play a crucial role. Key players like Golfasian and Tee Times Golf Agency are leading the way by providing diverse golf experiences and leveraging digital platforms for enhanced accessibility.
- LAMEA (Latin America, Middle East, and Africa): LAMEA is witnessing a trend towards luxury golf resorts, combining golf with high-end accommodations and unique cultural experiences. There’s also an emphasis on promoting golf tourism through collaborative marketing initiatives. Noteworthy companies include Premier Golf LLC and Classic Golf Tours, contributing to the region’s golf tourism growth through strategic partnerships and tailored experiences.
Competitive Landscape – Golf Tourism Market
The Golf Tourism Market is highly competitive, with a large number of manufacturers and retailers operating globally. Some of the key players in the market include:
- Your Golf Travel Ltd.
- PerryGolf
- com Ltd.
- Carr Golf
- Haversham & Baker Golfing Expeditions
- Premier Golf LLC
- Golfasian Co. Ltd.
- Golf Holidays Direct
- IAGTO (International Association of Golf Tour Operators)
- Classic Golf Tours
- Troon Golf LLC
- International Golf & Country Club
- Scottish Golf Tourism
- Tee Times Golf Agency
- Golf International Travel
- Others
These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships.
New entrants like GolfNow and Topgolf are innovating with technology and unique offerings to enter the golf tourism market. GolfNow leverages an advanced online booking platform, while Topgolf combines entertainment and golf experiences.
Dominating the market are established players like Your Golf Travel, known for its diverse golf packages, and Troon Golf, excelling in course management. These key players leverage digital platforms, strategic partnerships, and a focus on customer experiences to dominate, providing a comprehensive range of services and continually adapting to evolving trends in the competitive golf tourism sector.
The Golf Tourism Market is segmented as follows:
By Destination Type
- Golf Resorts
- Urban Golf Courses
- Scenic/Leisure Golf Retreats
By Golfer Type
- Leisure Golfers
- Professional Golfers
- Corporate/Business Golfers
By Golfing Package
- All-Inclusive Golf Vacations
- Weekend Golf Getaways
- Customized Golf Tour Packages
By Facility Type
- Championship Golf Courses
- Resort-Based Golf Facilities
- Others
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Global Golf Tourism Market, (2024 – 2033) (USD Billion)
- 2.2 Global Golf Tourism Market: snapshot
- Chapter 3. Global Golf Tourism Market – Industry Analysis
- 3.1 Golf Tourism Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Global Popularity of Golf
- 3.2.2 Course Quality and Design
- 3.2.3 Digital Advancements
- 3.2.4 Emergence of Golf Resorts
- 3.2.5 Sustainability Initiatives
- 3.2.6 Corporate Golf Events.
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Destination Type
- 3.7.2 Market Attractiveness Analysis By Golfer Type
- 3.7.3 Market Attractiveness Analysis By Golfing Package
- 3.7.4 Market Attractiveness Analysis By Facility Type
- Chapter 4. Global Golf Tourism Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Golf Tourism Market: Company Market Share, 2022
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Golf Tourism Market – Destination Type Analysis
- 5.1 Global Golf Tourism Market Overview: By Destination Type
- 5.1.1 Global Golf Tourism Market Share, By Destination Type, 2022 and – 2033
- 5.2 Golf Resorts
- 5.2.1 Global Golf Tourism Market by Golf Resorts, 2024 – 2033 (USD Billion)
- 5.3 Urban Golf Courses
- 5.3.1 Global Golf Tourism Market by Urban Golf Courses, 2024 – 2033 (USD Billion)
- 5.4 Scenic/Leisure Golf Retreats
- 5.4.1 Global Golf Tourism Market by Scenic/Leisure Golf Retreats, 2024 – 2033 (USD Billion)
- 5.1 Global Golf Tourism Market Overview: By Destination Type
- Chapter 6. Global Golf Tourism Market – Golfer Type Analysis
- 6.1 Global Golf Tourism Market Overview: By Golfer Type
- 6.1.1 Global Golf Tourism Market Share, By Golfer Type, 2022 and – 2033
- 6.2 Leisure Golfers
- 6.2.1 Global Golf Tourism Market by Leisure Golfers, 2024 – 2033 (USD Billion)
- 6.3 Professional Golfers
- 6.3.1 Global Golf Tourism Market by Professional Golfers, 2024 – 2033 (USD Billion)
- 6.4 Corporate/Business Golfers
- 6.4.1 Global Golf Tourism Market by Corporate/Business Golfers, 2024 – 2033 (USD Billion)
- 6.1 Global Golf Tourism Market Overview: By Golfer Type
- Chapter 7. Global Golf Tourism Market – Golfing Package Analysis
- 7.1 Global Golf Tourism Market Overview: By Golfing Package
- 7.1.1 Global Golf Tourism Market Share, By Golfing Package, 2022 and – 2033
- 7.2 All-Inclusive Golf Vacations
- 7.2.1 Global Golf Tourism Market by All-Inclusive Golf Vacations, 2024 – 2033 (USD Billion)
- 7.3 Weekend Golf Getaways
- 7.3.1 Global Golf Tourism Market by Weekend Golf Getaways, 2024 – 2033 (USD Billion)
- 7.4 Customized Golf Tour Packages
- 7.4.1 Global Golf Tourism Market by Customized Golf Tour Packages, 2024 – 2033 (USD Billion)
- 7.1 Global Golf Tourism Market Overview: By Golfing Package
- Chapter 8. Global Golf Tourism Market – Facility Type Analysis
- 8.1 Global Golf Tourism Market Overview: By Facility Type
- 8.1.1 Global Golf Tourism Market Share, By Facility Type, 2022 and – 2033
- 8.2 Championship Golf Courses
- 8.2.1 Global Golf Tourism Market by Championship Golf Courses, 2024 – 2033 (USD Billion)
- 8.3 Resort-Based Golf Facilities
- 8.3.1 Global Golf Tourism Market by Resort-Based Golf Facilities, 2024 – 2033 (USD Billion)
- 8.4 Others
- 8.4.1 Global Golf Tourism Market by Others, 2024 – 2033 (USD Billion)
- 8.1 Global Golf Tourism Market Overview: By Facility Type
- Chapter 9. Golf Tourism Market – Regional Analysis
- 9.1 Global Golf Tourism Market Regional Overview
- 9.2 Global Golf Tourism Market Share, by Region, 2022 & – 2033 (USD Billion)
- 9.3. North America
- 9.3.1 North America Golf Tourism Market, 2024 – 2033 (USD Billion)
- 9.3.1.1 North America Golf Tourism Market, by Country, 2024 – 2033 (USD Billion)
- 9.3.1 North America Golf Tourism Market, 2024 – 2033 (USD Billion)
- 9.4 North America Golf Tourism Market, by Destination Type, 2024 – 2033
- 9.4.1 North America Golf Tourism Market, by Destination Type, 2024 – 2033 (USD Billion)
- 9.5 North America Golf Tourism Market, by Golfer Type, 2024 – 2033
- 9.5.1 North America Golf Tourism Market, by Golfer Type, 2024 – 2033 (USD Billion)
- 9.6 North America Golf Tourism Market, by Golfing Package, 2024 – 2033
- 9.6.1 North America Golf Tourism Market, by Golfing Package, 2024 – 2033 (USD Billion)
- 9.7 North America Golf Tourism Market, by Facility Type, 2024 – 2033
- 9.7.1 North America Golf Tourism Market, by Facility Type, 2024 – 2033 (USD Billion)
- 9.8. Europe
- 9.8.1 Europe Golf Tourism Market, 2024 – 2033 (USD Billion)
- 9.8.1.1 Europe Golf Tourism Market, by Country, 2024 – 2033 (USD Billion)
- 9.8.1 Europe Golf Tourism Market, 2024 – 2033 (USD Billion)
- 9.9 Europe Golf Tourism Market, by Destination Type, 2024 – 2033
- 9.9.1 Europe Golf Tourism Market, by Destination Type, 2024 – 2033 (USD Billion)
- 9.10 Europe Golf Tourism Market, by Golfer Type, 2024 – 2033
- 9.10.1 Europe Golf Tourism Market, by Golfer Type, 2024 – 2033 (USD Billion)
- 9.11 Europe Golf Tourism Market, by Golfing Package, 2024 – 2033
- 9.11.1 Europe Golf Tourism Market, by Golfing Package, 2024 – 2033 (USD Billion)
- 9.12 Europe Golf Tourism Market, by Facility Type, 2024 – 2033
- 9.12.1 Europe Golf Tourism Market, by Facility Type, 2024 – 2033 (USD Billion)
- 9.13. Asia Pacific
- 9.13.1 Asia Pacific Golf Tourism Market, 2024 – 2033 (USD Billion)
- 9.13.1.1 Asia Pacific Golf Tourism Market, by Country, 2024 – 2033 (USD Billion)
- 9.13.1 Asia Pacific Golf Tourism Market, 2024 – 2033 (USD Billion)
- 9.14 Asia Pacific Golf Tourism Market, by Destination Type, 2024 – 2033
- 9.14.1 Asia Pacific Golf Tourism Market, by Destination Type, 2024 – 2033 (USD Billion)
- 9.15 Asia Pacific Golf Tourism Market, by Golfer Type, 2024 – 2033
- 9.15.1 Asia Pacific Golf Tourism Market, by Golfer Type, 2024 – 2033 (USD Billion)
- 9.16 Asia Pacific Golf Tourism Market, by Golfing Package, 2024 – 2033
- 9.16.1 Asia Pacific Golf Tourism Market, by Golfing Package, 2024 – 2033 (USD Billion)
- 9.17 Asia Pacific Golf Tourism Market, by Facility Type, 2024 – 2033
- 9.17.1 Asia Pacific Golf Tourism Market, by Facility Type, 2024 – 2033 (USD Billion)
- 9.18. Latin America
- 9.18.1 Latin America Golf Tourism Market, 2024 – 2033 (USD Billion)
- 9.18.1.1 Latin America Golf Tourism Market, by Country, 2024 – 2033 (USD Billion)
- 9.18.1 Latin America Golf Tourism Market, 2024 – 2033 (USD Billion)
- 9.19 Latin America Golf Tourism Market, by Destination Type, 2024 – 2033
- 9.19.1 Latin America Golf Tourism Market, by Destination Type, 2024 – 2033 (USD Billion)
- 9.20 Latin America Golf Tourism Market, by Golfer Type, 2024 – 2033
- 9.20.1 Latin America Golf Tourism Market, by Golfer Type, 2024 – 2033 (USD Billion)
- 9.21 Latin America Golf Tourism Market, by Golfing Package, 2024 – 2033
- 9.21.1 Latin America Golf Tourism Market, by Golfing Package, 2024 – 2033 (USD Billion)
- 9.22 Latin America Golf Tourism Market, by Facility Type, 2024 – 2033
- 9.22.1 Latin America Golf Tourism Market, by Facility Type, 2024 – 2033 (USD Billion)
- 9.23. The Middle-East and Africa
- 9.23.1 The Middle-East and Africa Golf Tourism Market, 2024 – 2033 (USD Billion)
- 9.23.1.1 The Middle-East and Africa Golf Tourism Market, by Country, 2024 – 2033 (USD Billion)
- 9.23.1 The Middle-East and Africa Golf Tourism Market, 2024 – 2033 (USD Billion)
- 9.24 The Middle-East and Africa Golf Tourism Market, by Destination Type, 2024 – 2033
- 9.24.1 The Middle-East and Africa Golf Tourism Market, by Destination Type, 2024 – 2033 (USD Billion)
- 9.25 The Middle-East and Africa Golf Tourism Market, by Golfer Type, 2024 – 2033
- 9.25.1 The Middle-East and Africa Golf Tourism Market, by Golfer Type, 2024 – 2033 (USD Billion)
- 9.26 The Middle-East and Africa Golf Tourism Market, by Golfing Package, 2024 – 2033
- 9.26.1 The Middle-East and Africa Golf Tourism Market, by Golfing Package, 2024 – 2033 (USD Billion)
- 9.27 The Middle-East and Africa Golf Tourism Market, by Facility Type, 2024 – 2033
- 9.27.1 The Middle-East and Africa Golf Tourism Market, by Facility Type, 2024 – 2033 (USD Billion)
- Chapter 10. Company Profiles
- 10.1 Your Golf Travel Ltd.
- 10.1.1 Overview
- 10.1.2 Financials
- 10.1.3 Product Portfolio
- 10.1.4 Business Strategy
- 10.1.5 Recent Developments
- 10.2 PerryGolf
- 10.2.1 Overview
- 10.2.2 Financials
- 10.2.3 Product Portfolio
- 10.2.4 Business Strategy
- 10.2.5 Recent Developments
- 10.3 Golfbreaks.com Ltd.
- 10.3.1 Overview
- 10.3.2 Financials
- 10.3.3 Product Portfolio
- 10.3.4 Business Strategy
- 10.3.5 Recent Developments
- 10.4 Carr Golf
- 10.4.1 Overview
- 10.4.2 Financials
- 10.4.3 Product Portfolio
- 10.4.4 Business Strategy
- 10.4.5 Recent Developments
- 10.5 Haversham & Baker Golfing Expeditions
- 10.5.1 Overview
- 10.5.2 Financials
- 10.5.3 Product Portfolio
- 10.5.4 Business Strategy
- 10.5.5 Recent Developments
- 10.6 Premier Golf LLC
- 10.6.1 Overview
- 10.6.2 Financials
- 10.6.3 Product Portfolio
- 10.6.4 Business Strategy
- 10.6.5 Recent Developments
- 10.7 Golfasian Co. Ltd.
- 10.7.1 Overview
- 10.7.2 Financials
- 10.7.3 Product Portfolio
- 10.7.4 Business Strategy
- 10.7.5 Recent Developments
- 10.8 Golf Holidays Direct
- 10.8.1 Overview
- 10.8.2 Financials
- 10.8.3 Product Portfolio
- 10.8.4 Business Strategy
- 10.8.5 Recent Developments
- 10.9 IAGTO (International Association of Golf Tour Operators)
- 10.9.1 Overview
- 10.9.2 Financials
- 10.9.3 Product Portfolio
- 10.9.4 Business Strategy
- 10.9.5 Recent Developments
- 10.10 Classic Golf Tours
- 10.10.1 Overview
- 10.10.2 Financials
- 10.10.3 Product Portfolio
- 10.10.4 Business Strategy
- 10.10.5 Recent Developments
- 10.11 Troon Golf LLC
- 10.11.1 Overview
- 10.11.2 Financials
- 10.11.3 Product Portfolio
- 10.11.4 Business Strategy
- 10.11.5 Recent Developments
- 10.12 International Golf & Country Club
- 10.12.1 Overview
- 10.12.2 Financials
- 10.12.3 Product Portfolio
- 10.12.4 Business Strategy
- 10.12.5 Recent Developments
- 10.13 Scottish Golf Tourism
- 10.13.1 Overview
- 10.13.2 Financials
- 10.13.3 Product Portfolio
- 10.13.4 Business Strategy
- 10.13.5 Recent Developments
- 10.14 Tee Times Golf Agency
- 10.14.1 Overview
- 10.14.2 Financials
- 10.14.3 Product Portfolio
- 10.14.4 Business Strategy
- 10.14.5 Recent Developments
- 10.15 Golf International Travel
- 10.15.1 Overview
- 10.15.2 Financials
- 10.15.3 Product Portfolio
- 10.15.4 Business Strategy
- 10.15.5 Recent Developments
- 10.16 Others.
- 10.16.1 Overview
- 10.16.2 Financials
- 10.16.3 Product Portfolio
- 10.16.4 Business Strategy
- 10.16.5 Recent Developments
- 10.1 Your Golf Travel Ltd.
List Of Figures
Figures No 1 to 30
List Of Tables
Tables No 1 to 102
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2032
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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Prominent Player
- Your Golf Travel Ltd.
- PerryGolf
- com Ltd.
- Carr Golf
- Haversham & Baker Golfing Expeditions
- Premier Golf LLC
- Golfasian Co. Ltd.
- Golf Holidays Direct
- IAGTO (International Association of Golf Tour Operators)
- Classic Golf Tours
- Troon Golf LLC
- International Golf & Country Club
- Scottish Golf Tourism
- Tee Times Golf Agency
- Golf International Travel
- Others
FAQs
The key factors driving the Market are Global Popularity of Golf, Course Quality and Design, Digital Advancements, Emergence of Golf Resorts, Sustainability Initiatives And Corporate Golf Events.
The “Destination Type” category dominated the market in 2022.
The key players in the market are Your Golf Travel Ltd., PerryGolf, Golfbreaks.com Ltd., Carr Golf, Haversham & Baker Golfing Expeditions, Premier Golf LLC, Golfasian Co. Ltd., Golf Holidays Direct, IAGTO (International Association of Golf Tour Operators), Classic Golf Tours, Troon Golf LLC, International Golf & Country Club, Scottish Golf Tourism, Tee Times Golf Agency, Golf International Travel, Others.
“Europe” had the largest share in the Golf Tourism Market.
The global market is projected to grow at a CAGR of 6.2% during the forecast period, 2023-2032.
The Golf Tourism Market size was valued at USD 19.5 Billion in 2023.