Feb 01, 2023
The global sports tourism market was valued at USD 587.87 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 17.5% from 2023 to 2030. The significant growth in the popularity of sporting events, such as the Olympics, the FIFA World Cup, the NBA, and others across the globe, is one of the major factors propelling the growth of the industry. In addition, the increase in spending on sports infrastructure by governments of various countries is anticipated to further boost the growth.
Provided by: Grand View Research
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