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Sports tourism market increasing CAGR 41.45% during the period of 2017 to 2021 according to new research report

The following companies as the key players in the Global Sports Tourism Market: BAC Sport, Great Atlantic Sports Travel, ITC Sports Travel, and TUI

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Other Prominent Vendors in the market are: Fanatic Sports, Sportsnet Holidays, Sports Tours India, Sports Tours International, Sports Travel, T4S, and Victory Sports Tour.

Sports Tourism Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.

The analysts forecast Global Sports Tourism Market to grow at a CAGR of 41.45% during the period 2017-2021.

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The latest trend gaining momentum in the market is Increasing number of sporting events.

Passion for sports has led to the emergence of several sports. Olympics, FIFA World Cup, Super Bowl, and Cricket World Cup are among the popular sporting events with the highest viewership globally.

The viewer base of these sporting events ranges in billions, and events, such as Super Bowl, the annual championship sport of the National Football League, has a viewer base of millions. On the other hand, Cricket World Cup and FIFA are played once in four years.

UEFA Champions League, Formula One Racing, Rugby World Cup, and Wimbledon Tennis are some of the other sports with the highest viewer traction. Therefore, with increasing interest and passion for sports, there is an increase in the number of sports travelers every year, leading to the higher revenue generation in the global sports tourism market during the forecast period.”

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The report also includes a discussion of the key vendors operating in this market.

Key vendors

  • BAC Sport
  • Great Atlantic Sports Travel
  • ITC Sports Travel
  • TUI

According to the report, one of the major drivers for this market is Growing contribution toward GDP and employment. Sports tourism, directly and indirectly, supports the global economy in terms of GDP and employment.

Companies are offering sports tourism goods and services from their suppliers, forming the tourism supply chain. The purchasing decisions are made by the frontline companies that deal with accommodation, hospitality, and transportation services.

These frontline companies determine the consumption need of visitors or tourists, a post that the orders are given to the suppliers, who deliver products and services for the maximum comfort of the sports tourists. Some of the other services that have a direct impact on the GDP are hotels, airlines, airports, and services by travel agents that deal directly with tourists.

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This report covers the present scenario and the growth prospects of the Global Sports Tourism Market For 2017-2021. To calculate the market size, the report considers the revenue generated from domestic and international sports tourism.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA

Further, the report states that one of the major factors hindering the growth of this market is High impact of terrorism. Terrorism has increased over the recent years and is impacting the tourism industry directly.

Terrorism aims to inspire fear among people leading to change in their behavior. Terrorism has an adverse effect on tourism.

The series of terror attacks in 2016 in the UK has led to a decline in international tourist. The recent Manchester Arena bombing on May 22, 2017 terror threats and series of terror threats has led to the cancellation of Chelsea Football Club's Premier League victory parade.


The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
 

Sports tourism refers to a traveler's involvement with a country or region's sporting events. The involvement can be in an active or passive form.

These sporting events include sports like soccer, cricket, hockey, tennis, golf, baseball, rugby, and basketball. The tourism industry has experienced an outstanding growth in the last six decades, especially in regions such as Europe, which receives a large number of international travelers for short breaks.

Tourists usually have a good budget and look for good food and accommodation.

Other prominent vendors

  • Fanatic Sports
  • Sportsnet Holidays
  • Sports Tours India
  • Sports Tours International
  • Sports Travel
  • T4S
  • Victory Sports Tour

Market driver

  • Growing contribution toward GDP and employment
  • For a full, detailed list, view our report

Market challenge

  • High impact of terrorism
  • For a full, detailed list, view our report

Market trend

  • Increasing number of sporting events
  • For a full, detailed list, view our report

Key questions answered in this report

  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?

 

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