Future Market Insights (FMI) reveals that Europe Golf Tourism Market revenue is set to reach USD 3,333.7 million by the end of 2023. In 2033, the Europe golf tourism industry is estimated to reach around USD 6,865.0 million. Sales are likely to expand at 7.5% CAGRduring the forecast period 2023 to 2033.
Golf tourism in Europe attracts a diverse range of travelers from several regions. It includes domestic and international tourists, corporates, couples, families, single tourists, and youth groups.
Europe boasts a collection of globally renowned and iconic golf courses. These include St. Andrews in Scotland, the Algarve in Portugal, and Valderrama in Spain, among others. These courses offer unique and challenging experiences for golfers of all skill levels and attract numerous golf tourists to Europe each year.
Golf tourism has been steadily growing in popularity in Europe over the recent years. About 14.7 (million) travellers opted for golf tourism in 2022. Gross booking varies based on age, purpose, duration, nationality, group type, etc. Golf tourists in Europe spend a significant amount of money on golf-related activities. This includes accommodation, food, and other travel expenses.
Europe boasts a diverse range of golf courses, including championship layouts, historic links, and scenic parkland courses. Destinations such as Scotland, Ireland, England, Spain, Portugal, and France are popular among golf course tourists. This is due to their well-established golfing infrastructure and beautiful landscape.
Europe is the home of numerous golf resorts that provide a complete golfing experience. These resorts often offer luxurious accommodations, spa facilities, and dining options. They also offer recreational activities alongside their golf courses.
Europe’s well connected transportation network, including airports, train services, and roadways makes the region easily accessible for travelers from across the globe. This accessibility contributes to the growth of golf tourism in the region.
Europe hosts several prestigious golf tournaments, such as the Open Championship, the Ryder Cup, and the European Tour events. These events attract professional golfers, enthusiasts, and spectators from all over the world. These factors are further anticipated to drive demand for golf tourism in Europe over the forecast period.
Key Trends in the Europe Golf Tourism Market:
| Attribute | Key Insights |
|---|---|
| Estimated Europe Golf Tourism Market Size (2023E) | USD 3,333.7 million |
| Projected Market Valuation (2033F) | USD 6,865.0 million |
| Value-based CAGR (2023 to 2033) | 7.5% |
| Collective Value Share: Top 5 Countries (2022A) | ~80% to 90% |
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The Europe golf tourism industry is expected to witness a CAGR of 7.5% during the forecast period 2023 to 2033. In the historical period 2018 to 2022, sales were valued at ~8.6% CAGR. The demand for golf tourism in Europe is steadily growing during the forecast period. This is due to an increasing frequency of golf tourists from all over the world traveling to Europe for golfing vacations.
The demand for golf tourism in Europe is being driven by the growing popularity of the sport and the region's unique offerings in golf tourism. Golf tourists are typically high-value travelers who spend more on their vacations compared to other types of tourists. They also tend to stay longer and spend more on accommodation, transportation, and dining.
There is intense competition among golf courses and resorts in Europe to attract golf tourists, with several new courses and resorts being developed to meet the growing demand. The golf tourism market in Europe is diverse, with tourists coming from a wide range of countries and regions, each with their preferences and expectations.
Europe offers a unique blend of golfing experiences and cultural attractions. Travelers can combine their golf trips with visits to historic landmarks, museums, castles, and other renowned spots. These factors make it a well-rounded vacation.
Europe's diverse climate allows for golfing activities throughout the year. Favorable weather conditions for golf during winter months will continue to help in driving demand. European countries have also invested in developing a robust tourism infrastructure. It includes golf academics, practice facilities, and golf-specific tourism services. These facilities cater to golfers of all skill levels and enhance the overall tourism experience.
Increase in the Frequency of Young Golfers
Rising rate of young golfers in Europe has become a significant driving force in the growth of golf tourism in the region. In recent years, concerted efforts have been made to make golf more accessible and attractive to young people. This has resulted in the introduction of junior golf programs and initiatives in several countries across Europe.
The focus on young golfers is largely due to the belief that they are the future of golf, both as players and as consumers. Getting young people interested in golf early on can build a loyal customer base and generate repeat business in the future. Young golfers are also more willing to try new and innovative golfing experiences. This can drive innovation in the industry and create new growth opportunities over the forecast period.
Emphasis on Golf Infrastructure
Increasing significance of golf infrastructure is a key driving factor for the golf tourism market in Europe. Although golf courses have been primarily concentrated in leading golfing nations, their numbers are steadily rising in European countries. Several of these facilities are exclusive to private clubs, golf resorts, and golf-specific properties, limiting access for the general public. Europe currently accounts for a significant portion of the world's total golf course supply.
Growing popularity of golf in Europe is fueling the demand for enhanced golf infrastructure. Countries such as the United Kingdom, Ireland, and Germany have traditionally embraced golf, but interest in the sport in other European regions such as France, Spain, and Italy is growing. There is a growing need for additional golf courses and facilities to cater to the expanding base of golf enthusiasts.
Increased Rate of Registered Golfers
Increasing rate of registered golfers in Europe is a key factor in the growth of the golf tourism market. It indicates a growing interest in the sport and an increasing demand for golf-related activities. This offers golf courses and resorts the opportunity to meet the growing demand. It will also help in developing tailored offerings to attract and retain golf tourists.
As per theCaribbean Tourism Organization, golf participation rates are low in continental Europe, but they are rising rapidly (French participation rates are rising by 5% to 8% each year). In terms of golfing vacations, this market has the leading development potential.
Principal Consultant
| Country | Spain |
|---|---|
| Market Share (2023) | 36.0% |
| Market Share (2033) | 34.8% |
| BPS Analysis | (-) 112 |
| Country | United Kingdom |
|---|---|
| Market Share (2023) | 32.8% |
| Market Share (2033) | 27.6% |
| BPS Analysis | (-) 522 |
| Country | Germany |
|---|---|
| Market Share (2023) | 15.4% |
| Market Share (2033) | 13.8% |
| BPS Analysis | (-) 160 |
Spain Golf Tourism Sales are Benefitted from Offerings to Golfers of All Levels
Golf tourism in Spain is anticipated to accelerate with a CAGR of 7.8% during the forecast period. Spain is home to over 300 golf courses, ranging from challenging championship courses to relaxed resort courses. There are courses to suit all levels of golfers, and several of them are located in stunning settings.
Green fees in the country are typically lower than in other European countries. There are several affordable packages available that include accommodation, meals, and golf.
United Kingdom’s Presence of Advanced and Feature-rich Golf Courses Augmenting its Position in the Market
The United Kingdom offers a variety of golf courses to choose from. This ranges from championship courses to relaxed resort courses. The United Kingdom is a popular tourist destination, with a lot to offer visitors even beyond its golf courses. It includes historical sites, cultural attractions, and beautiful scenery.
The golf tourism market in the United Kingdom is a prominent contributor to the country’s economy. The industry generates billions of pounds in revenue and supports thousands of jobs. The growth of the market is a positive sign for the United Kingdom’s economy. It is expected to continue with a CAGR of 6.3% during the forecast period.
Easy Accessibility to the Country and Its Golf Courses Due to an Ideal Location Driving Sales in Germany
Germany’s golf tourism market is estimated to increase at a 7.0% CAGR throughout the projection period. The country's accessibility, scenic beauty, and well-developed tourism infrastructure contribute to its appeal. Golf tourists can enjoy a range of golfing experiences, from championship-level courses to resort and public courses.
Germany's central location in Europe makes it easily reachable to tourists from all across the globe. The presence of accommodation options, practice facilities, and coaching services enhances the overall experience. Golf events and tournaments, along with the opportunity to combine golf with cultural and historical attractions has been a key attraction in Germany. This is further adding to the attractiveness of golf tourism in Germany.
Financial Stability and Experience Making the 46 to 55 years’ Group Prominent Consumers
The 46 to 55 years’ age group is considered a prominent age group in Europe golf tourism industry. The age group 36 to 45 is likely to own a market share of 24.0% by 2022.
These age groups are prominent in the European golf tourism market due to several important factors. These include financial stability, availability of time, skill and experience in golf.
Family life considerations, a focus on health and fitness, and the social aspect of the sport are also factors making this age group a profitable segment to cater to. These individuals have the means, time, and interest to engage in golf tourism. These factors make them a key demographic in this market.
Corporate Groups Using Golf Tourism as a Team-building Activity Set to Augment Sales
The corporate groups’ category contributed a significant share of 28.9% in 2022. It is expected to continue its dominance throughout the forecast period. Attracting group and corporate events is a significant opportunity for the golf tourism market. These events can generate substantial revenue for golf courses, resorts, and local economies.
Group and corporate events, such as conferences, meetings, and team-building activities are often held in unique and appealing locations to create a memorable experience for employees.
Golf courses and resorts can generate substantial revenues and attract a wide range of visitors through tie-ups with companies. This will contribute to the growth and development of the market. Golf courses and resorts need to provide tailored services and amenities to meet the specific needs of groups and corporate events. Creating a professional and welcoming environment for attendees well bode well for providers of golf tourism.
Increasing Awareness and Grassroots-level Avenues Driving Popularity of Golf amongst Women
Increasing participation of women in golf is an important factor contributing to the expansion of the target market. In recent years, there has been a significant increase in the rate of women playing golf. It has led to a shift in the demographics of the sport.
This is due to several factors, including the great visibility of professional golf for women, and initiatives to promote women's golf at the grassroots level. Increasing recognition of golf as a sport that can be enjoyed by people of all ages and genders has also contributed to sales. The women golfers segment contributed a share of 43.8% in 2022.
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Key players are investing in designing and upgrading golf facilities, including course layout, landscaping, and clubhouse amenities. Golf resorts and clubs offer comprehensive experiences with high-quality accommodations and facilities.
Tour operators and travel agencies specialize in organizing customized golf vacations. Destination marketing organizations promote their regions as attractive golf destinations. The hosting of prestigious golf events and tournaments adds to the competition.
Key players are offering tailored golf package and experience to cater to different customer segments. They strive to create unique and personalized experiences to attract golf travelers.
For instance:
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD million/billion for Value |
| Key Countries Covered | Scotland, Ireland, United Kingdom, Germany, Spain, France, Portugal, Italy, Czech Republic, Turkey, Poland, Hungary, Romania, Bulgaria, Others (as requested) |
| Key Segments Covered | By Direct Suppliers, By Indirect Suppliers, By Number of Bookings(Purpose, Age Group, Booking Method, Demographic, Nationality Type, Group Type) |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Europe golf tourism market is estimated to secure a CAGR of 7.5% in 2023.
The market is anticipated to register a valuation of USD 6,865 million by 2033.
The alternative options are likely to limit market growth.
The rising demand for luxury golf resorts is the current market trend.
The market is estimated to secure a valuation of USD 3,333.7 million in 2023.
1. Executive Summary 2. Market Introduction 3. Spending by Key Country, (Destination) - 2023 to 2033 4. Spending by Traveler Type, 2023 to 2033 4.1. International 4.2. Domestic 5. Categorizing of Western Market 6. Categorizing of Eastern Market 7. Categorizing of Scotland Market 8. Categorizing of Ireland Market 9. Categorizing of United Kingdom Market 10. Categorizing of Portugal Market 11. Categorizing of Spain Market 12. Categorizing of France Market 13. Categorizing of Turkey Market 14. Categorizing of Czech Republic Market 15. Categorizing of Poland Market 16. Categorizing of Hungary Market 17. Categorizing of Romania Market 18. Categorizing of Bulgaria Market 19. Growth Parameters 20. Challenges & Looking Forward 20.1. Success Stories: Case Studies 20.2. FMI Recommendations 21. Golf Industry Outlook 22. Market Players Landscape (Tour Operators) 22.1. AGS Golf Vacations 22.2. British Open Golf Breaks 22.3. Carr Golf Travel 22.4. Classic Golf Tours 22.5. Club Choice Ireland 22.6. Elite Golf 22.7. Executive Golf Tours 22.8. Fairways Golf Vacations 22.9. Golf Escapes 22.10. Golf in Austria 22.11. Golfbreaks.com 22.12. Golf Explorer 22.13. Golf International 22.14. Golf Plaisir 22.15. Golf Select 22.16. Golf Tours International 22.17. Premier Golf 22.18. Scottsdale Golf 22.19. The Golf Travel People 22.20. Your Golf Travel 22.21. Other Players (As Per Request) 23. Social Media Sentimental Analysis 24. Assumptions and Acronyms Used 25. Research Methodology
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Europe Golf Tourism Market
