Global Sports Tourism Market Report 2019 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 29, 2019--The “Global Sports Tourism Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering.
The sports tourism market will register a CAGR of about 36% by 2023.
Increasing number of fan zone to emerge as major trend in the market. The stakeholders of the sports industry are focusing on attaining a wider audience to showcase tournaments and expand their reach. This is benefiting the sports tourism industry. An increasing number of sports tournaments are focusing on establishing official fan zones. These fan areas can be established in the same region or city hosting the sports event, or in various other cities and regions different from the host.
Increasing number sports events
The global sports tourism market is experiencing growth due to the rise in the number of sporting events across the world. New tournaments in existing venues are being conducted to attract more spectators, and new venues are being established for the existing tournaments to expand the reach and popularity of sports.
Cancellation of sports event due to financial constraints
Numerous sports leagues such as IPL, PSL, and Big Bash League among others, operate on a franchise basis. However, the lack of financial support for franchisee teams can lead to cancelation of events, which can have a negative impact on the sports tourism market.
The market appears to be fragmented and with the presence of several companies including MATCH Hospitality and QuintEvents, the competitive environment is quite intense. Factors such as the increasing number of fan zone and the increasing number sports events, will provide considerable growth opportunities to sports tourism manufactures.
BAC Sports, MATCH Hospitality, QuintEvents, Sports Travel & Hospitality Group, and THG Sports are some of the major companies covered in this report.
For more information about this report visit https://www.researchandmarkets.com/research/qnfbxv/global_sports?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20190129005416/en/
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Related Topics:Travel and Tourism
INDUSTRY KEYWORD: TRAVEL VACATION OTHER TRAVEL GENERAL SPORTS SPORTS
SOURCE: Research and Markets
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PUB: 01/29/2019 05:45 AM/DISC: 01/29/2019 05:45 AM