The World Travel & Tourism Council (WTTC) has launched its 2024 Economic Impact Trends Report, which has revealed the U.S. as the world’s most powerful Travel & Tourism market, contributing a record-breaking $2.36 TN to the nation’s economy last year. Despite the slow return of spending from international travellers, the U.S. keeps pole position, with almost double the economic contribution of its nearest rival. Following a record-breaking year for Travel & Tourism, the sector continues to be the backbone to many country economies, while supporting millions of jobs globally. Surfers walking along the shore in Cocoa Beach on Florida's Space Coast. The latest report from the global tourism body reveals China as the world’s second most powerful market with a GDP contr...
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Growing emphasis on golf infrastructure worldwide to boost the market growth The global golf tourism market size is estimated to grow by USD 9.09 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 6.72% during the forecast period. Growing emphasis on golf infrastructure worldwide is driving market growth, with a trend towards advent of integrated mobile solutions in golf clubs and other equipment. However, increasing threat from fantasy sports poses a challenge. Key market trends fuelling growth The golf tourism market has experienced growth in the past decade, with approximately 26 million people in the US playing golf occasionally. This trend is driving the need for golf clubs to offer integrated mobile solutions, provid...
Read MoreGlobal extreme Tourism market to reach $91 Billion by 2032, says a new research The rise in travel enthusiasts looking for excitement and thrill surged the market demand for the extreme tourism market. As more individuals seek unconventional travel experiences, the market is responding with high-energy activities such as extreme sports and daring adventures. People are eager for unique and memorable journeys, leading tour operators to come up with innovative packages that cater to the growing number of adventure enthusiasts seeking extraordinary and unforgettable experiences. Allied Market Research has published a report, titled, "Extreme Tourism Market by Adventure Type (Mountain Climbing, Skydiving, Cave Exploration, Scuba Diving, and Others), Type of Traveler (Solo, Friends/G...
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