Golf Tourism Market Projected To Reach USD 41.87 Billion By 2030
San Francisco, 21 July 2023: The Report Golf Tourism Market Size, Share & Trends Analysis Report By Application (Domestic, International), By Region (Asia Pacific, North America, Europe), And Segment Forecasts, 2022 - 2030 The global golf tourism market size is expected to reach USD 41.87 billion by 2030, registering a CAGR of 7.6% over the forecast period, according to a new report by Grand View Research, Inc. The growth of the global market is mainly driven by a rise in the number of franchise games and increasing government involvement to develop suitable infrastructure. For instance, in August 2022, Gauntlet Golf Club received USD 8,804 from the County American Rescue Plan Act Sports Marketing Incentive Program. The amount has been received as a part of a USD 1.45 million COVID-19 Revitalization Project spearheaded by the Virginia Tourism Corporation (VTC) to attract new competitive sporting events and spur economic activity and travel across Virginia. In addition, a larg