Golf Travel Market Report 2024 (Global Edition)

Global Golf Travel Market Report 2024 Market Size Split by Booking Method (Travel Agent, Online Direct), by Demographic (Male, Female), by Nationality (Domestic, International), by Group Type (Corpora...

Golf Travel Market Report Description

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Golf Travel Market Insights Video

Competitive Landscape of the Golf Travel Market

In the Golf Travel Market 's competitive landscape, numerous key competitors are driving innovation and growth. Various business strategies, such as collaborations, mergers and acquisitions, and tour launches, are also a focus for key Markets. Their customer base and product portfolio should develop as a result of these significant players' actions. Market rivalry is encouraging technological and design innovations to create Golf Travel that fulfill both consumer wants and sustainability goals, keeping the Market dynamic and competitive.

In November 2020, The European Tour Media Company was acquired by the PGA Tour, an American professional golf tour operator, in order to broaden its company into the global men's professional golf Market . (Source: https://en.wikipedia.org/wiki/PGA_Tour) In October 2020, Global sport entertainment firm TOPGOLF INTERNATIONAL INC. joined with Callaway Golf firm in order to take advantage of the partner's financial stability and brand to further target the world's emerging professional golfers. (Source: https://www.topgolfcallawaybrands.com/news-releases/news-release-details/callaway-and-topgolf-combine-creating-global-golf-and) In November 2022, To improve the golfing experience for Indian aficionados in Thailand, the Tourism Authority of Thailand (TAT) launched "Season 4" in India. In the years to come, it is projected that rising knowledge of the health advantages of sports will increase participation in the activity. (Source: https://www.globenewswire.com/en/news-release/2024/03/26/2852606/0/en/Latest-Global-Golf-Tourism- Market -Size-Share-Worth-USD-33-6-Billion-by-2032-at-a-6-2-CAGR-Custom- Market -Insights-Analysis-Outlook-Leaders-Report-Trends-Forecast-Segmentation-Growth.html#:~:text=In%202022%2C%20The%20Tourism%20Authority,popularity%20in%20the%20years%20ahead.)

Top Companies Market Share in Golf Travel Industry: (In no particular order of Rank)

• Golf Asian Co. Ltd
• Premier Golf Tours
• The Haversham and Baker Company
• Perry Golf
• Carr Golf
• Celtic Golf
• SGH Golf
• Golf Breaks Limited
• Golf Tours International
• Travelosports
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Golf Travel Market

Which Region Dominates the Golf Travel Market in 2024?

According to Cognitive Market Research, North America currently dominates the Golf Travel Market, and the region is expected to have significant growth during the projected period. This is due to the region's younger generations' increased interest in golf and the expanding trend of experience travel.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The execution of numerous tourism Marketing and events to attract golfers, the growing consumer demand for outdoor leisure activities, and the expansion of the local hospitality business are some of the growth drivers.

The current report Scope analyzes Golf Travel Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Golf Travel

According to Cognitive Market Research, the global Golf Travel Market size was estimated at USD 2215.2 Million, out of which North America held the major Market share of more than 40% of the global revenue with a Market size of USD 886.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Golf Travel Market with a Market size of USD 699.12 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. The U.S. Market's Stringent governmental regulations against sports.
• The Canada Golf Travel Market had a Market share of USD 106.33 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. Canada’s rising awareness among the population.
• The Mexico Golf Travel Market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a Market size of USD 80.06 million in 2024.

Europe Golf Travel

According to Cognitive Market Research, the global Golf Travel Market size was estimated at USD 2215.2 Million, out of which Europe held the Market share of more than 30% of the global revenue with a Market size of USD 664.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.

• The United Kingdom Golf Travel Market had a Market share of USD 111.65 million in 2024 and is projected to grow at a CAGR of 7.3% during the forecast period. In the UK, Golf Travel sales witness an upswing due to the increasing focus on golf.
• The France Golf Travel Market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a Market size of USD 61.14 million in 2024.
• According to Cognitive Market Research, the German Golf Travel Market size was valued at USD 131.58 million in 2024 and is projected to grow at a CAGR of 6.7% during the forecast period. In Germany, Golf Travel surged due to the Increased focus of the manufacturers and major Market players.
• The Italy Golf Travel Market is projected to witness growth at a CAGR of 5.9% during the forecast period, with a Market size of USD 57.15 million in 2024.
• The Russia Golf Travel Market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a Market size of USD 103.01 million in 2024.
• The Spain Golf Travel Market is projected to witness growth at a CAGR of 5.6% during the forecast period with a Market size of USD 54.49 million in 2024
• The Luxembourg Golf Travel Market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a Market size of USD 20.60 million in 2024.
• The Portugal Golf Travel Market is projected to witness growth at a CAGR of 6.3% during the forecast period, with a Market size of USD 13.96 million in 2024.
• The Greece Golf Travel Market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a Market size of USD 7.97 million in 2024.
• The Rest of Europe's Golf Travel Market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a Market size of USD 103.01 million in 2024.

Asia Pacific Golf Travel

According to Cognitive Market Research, the global Golf Travel Market size was estimated at USD 2215.2 Million, out of which Asia Pacific held the Market share of around 23% of the global revenue with a Market size of USD 509.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Golf Travel Market size was valued at USD 229.27 million in 2024 and is projected to grow at a CAGR of 9.5% during the forecast period. Golf Travel surged in China due to Increased focus of the manufacturers and major Market players.
• The Japan Golf Travel Market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a Market size of USD 70.31 million in 2024.
• The India Golf Travel Market had a Market share of USD 61.14 million in 2024 and is projected to grow at a CAGR of 11.8% during the forecast period. India's rising awareness among the populations .
• The South Korean Golf Travel Market is projected to witness growth at a CAGR of 9.1% during the forecast period, with a Market size of USD 50.95 million in 2024.
• The Australian Golf Travel Market is projected to witness growth at a CAGR of 9.7% during the forecast period, with a Market size of USD 26.49 million in 2024.
• The South East Asia Golf Travel Market is projected to witness growth at a CAGR of 11.0% during the forecast period, with a Market size of USD 35.16 million in 2024.
• The Rest of Asia Pacific Golf Travel Market is projected to witness growth at a CAGR of 9.8% during the forecast period, with a Market size of USD 36.17 million in 2024.

South America Golf Travel

According to Cognitive Market Research, the global Golf Travel Market size was estimated at USD 2215.2 Million, out of which the Latin America held the Market share of around 5% of the global revenue with a Market size of USD 110.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Golf Travel Market size was valued at USD 47.41 million in 2024 and is projected to grow at a CAGR of 8.0% during the forecast period. Golf Travel flourished in Brazil due to increasing demand for attractive destinations.
• Argentina's Golf Travel Market had a Market share of USD 18.61 million in 2024 and is projected to grow at a CAGR of 8.3% during the forecast period. Argentina's rising personal disposable income .
• Colombia Golf Travel Market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a Market size of USD 9.86 million in 2024.
• Peru Golf Travel Market is projected to witness growth at a CAGR of 7.6% during the forecast period, with a Market size of USD 9.08 million in 2024.
• Chile Golf Travel Market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a Market size of USD 7.97 million in 2024.
• The Rest of Latin America's Golf Travel Market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a Market size of USD 17.83 million in 2024.

Middle East and Africa Golf Travel

According to Cognitive Market Research, the global Golf Travel Market size was estimated at USD 2215.2 Million, out of which the Middle East and Africa held the major Market share of around 2% of the global revenue with a Market size of USD 44.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031..

• The GCC Countries Golf Travel Market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a Market size of USD 18.96 million in 2024. Golf Travel sales flourish due to the presence of major Market players.
• The Egypt Golf Travel Market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a Market size of USD 4.65 million in 2024.
• The South Africa Golf Travel Market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a Market size of USD 7.00 million in 2024. Golf Travel sales flourished in South Africa due to increasing demand and regulatory support.
• The Turkey Golf Travel Market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a Market size of USD 3.81 million in 2024.
• The Nigeria Golf Travel Market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a Market size of USD 4.65 million in 2024.
• The Rest of the MEA Golf Travel Market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a Market size of USD 5.23 million in 2024.

Golf Travel Market Analysis

Golf Travel Market Booking Method Segment Analysis

According to Cognitive Market Research, online direct booking golf travel are likely to dominate the Golf Travel Market over the forecast period. With the ease of use and flexibility that online platforms provide, golfers may evaluate different options, study places, and make bookings at their own leisure. Golfers may choose from a greater selection of golf packages and resorts thanks to online platforms, which also give them access to clear pricing, thorough information, and in-depth evaluations.

The travel agent is the fastest-growing segment in the Golf Travel Market. Golfers who use the Travel Agent Booking method portion of the Golf Travel Market receive individualized trip planning and booking services from travel agents. These services guarantee smooth golf travel experiences by offering golfers personalized packages, tee times, and lodging. This Market delivers knowledge, practicality, and customized solutions.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Golf Travel Industry. Request a Free Sample PDF!

Golf Travel Market Demographic Segment Analysis

According to Cognitive Market Research, the male travelers segment holds the largest share of the Market. Rich professionals between the ages of 35 and 55 travel with friends or colleagues to indulge in opulent golf activities. High-end amenities, difficult courses, and networking opportunities are prioritized by this Market segment, which fuels demand for expensive golf vacation packages.

In the Golf Travel Market, the Female travelers has been expanding at a rapid pace. Women aged 25-50, with increasing disposable income, seek relaxing, scenic golf experiences, often traveling with spouses or girlfriends. This segment prioritizes wellness, leisure, and socializing, driving demand for family-friendly and spa-inclusive golf resorts.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Golf Travel Nationality Segment Analysis

Golf Travel Market Nationality Segment Analysis

According to Cognitive Market Research, The domestic segment holds the largest Market share. Comparing domestic travel to foreign travel, the former frequently offers more accessibility and convenience. Because of this, it is a desirable choice for golfers looking for a relaxing vacation without the hassles of traveling to far-off places.

In the Golf Travel Market, the rapidly growing sector is the international category. Golfers who are taking international trips are served by the International Nationality area of the Golf Travel Market. While Europeans travel to the US, Asia, and Africa, Americans travel to Scotland, Ireland, and Canada.

• Domestic
• International

Golf Travel Group Type Segment Analysis

Golf Travel Market Group Type Segment Analysis

According to Cognitive Market Research, Youth groups segment holds the largest Market share. In order to promote skill development and camaraderie among young golf aficionados, this sector looks for reasonably priced instructional packages that include coaching, training facilities, and competitive events

In the Golf Travel Market, the rapidly growing sector is the Corporate category, serves businesses looking for ways to amuse clients and foster teamwork. These vacations, which take place at opulent resorts and top courses, mix golf with networking, conferences, and social gatherings to promote corporate partnerships and staff camaraderie.

• Corporate
• Family
• Couples
• Youth Groups
• Single Tourist

Golf Travel Service Type Segment Analysis

Golf Travel Market Service Type Segment Analysis

According to Cognitive Market Research, the professional tour service type segment dominates the Market. Golf travel experiences that are planned and escorted by knowledgeable tour directors are offered by the Professional Tours service type sector. These tours cater to serious golf lovers looking for organized, top-notch experiences by providing access to prestigious courses, pro-am competitions, and golf clinics.

Personal tour service type is projected to be the fastest-growing segment in the Golf Travel Market. Golf travel experiences that are personalized and led according to personal preferences are provided by the Personal Tours service type section. Experienced advisors guarantee unique, upscale golf vacations by giving special access to renowned courses, lodgings, and local customs.

• Personal Tours
• Professional Tours

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

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I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

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