Industrial, Manufacturing & Heavy Industry Market News

Sports tourism market estimated to be worth US$800 billion globally according to new research report

Industrial Market Research added latest 22 pages report “Exploring Sports Tourism-Insight into sporting holidays, sport events, and what the future holds for the industry” in its store.

Sports tourism industry faces a number of challenges. Prime examples include the high expense involved with a number of sporting holidays which prices out millennials. As well as the growing reluctance of cities to host major sporting events due to the major cost and limited long-term economic benefit. A number of sporting holidays face a number of challenges including a shrinking boomer generation, who these holidays are most popular amongst.

Tourists who undertake sporting holidays commonly fall under a certain demographic and income band and hence have unique needs which industry players need to understand.



Sports tourism falls into two categories: sporting holidays and sports events.

Sports tourism often relates to people going on holiday in order to undertake a sport or related activity. Some of the most popular forms of sporting holidays include golfing, skiing, hiking, biking, mountain climbing, and water sports such as scuba diving and surfing. Sporting holidays most commonly require particular physical or natural aspects (such as mountains or waves), which mean these activities occur in a few common locations and tourist accommodation and services in the area cater almost entirely to the needs of the tourists undertaking the sport.

Sports travel also includes sporting events and the subsequent tourism surrounding these events. Prime examples include the Olympic Games and FIFA World Cup, which attract large numbers of tourists both domestically and internationally. Cities around the world have commonly competed intensely to host these competitions because of the large expected economic benefits, including a surge in tourism. However, the recent and significant cost of hosting such events has been called into question.

Read the more details at…-for-the-industry 

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