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The sports tourism market will witness a negative impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio's pandemic-focused market research, market growth decreased in 2020 as compared to 2019.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renew phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
This post-pandemic business planning research will aid clients to:
- Adjust their strategic planning to move ahead once business stability kicks in.
- Build Resilience by making effective resource and investment choices for individual business units, products, and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
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Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
Related Report on Consumer Discretionary Include:
Global Adventure Tourism Market - Global adventure tourism market is segmented by type (domestic adventure tourism and international adventure tourism), category (thrill tourism, eco-tourism, accessible tourism, and ethno-tourism), contribution toward GDP (indirect contribution, direct contribution, and induced contribution), and geography (APAC, Europe, MEA, North America, and South America).
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Global Sustainable Tourism Market - Global sustainable tourism market is segmented by type (domestic and international) and geography (Europe, North America, APAC, South America, and MEA).
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Major Three Sports Tourism Market Participants:
BAC Sports Ltd.
BAC Sports Ltd. operates its business through the Sports segment. The company offers packages for sports events.
DTB Sports Hospitality and Event Management Ltd.
DTB Sports Hospitality and Event Management Ltd. operates its business through the Events segment. The company offers packages for sports events.
Great Atlantic Sports Travel
Great Atlantic Sports Travel operates its business through the Packages segment. The company offers packages for sports events.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown:
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Sports Tourism Market 2020-2024: Segmentation
Sports tourism market is segmented as below:
- Product
- Soccer Tourism
- Cricket Tourism
- Tennis Tourism
- Others
- Type
- Domestic Sports Tourism
- International Sports Tourism
- Geography
- Europe
- APAC
- North America
- South America
- MEA
The sports tourism market is driven by the increasing number of sporting events. In addition, other factors such as the rising focus on seating capacity expansion are expected to trigger the sports tourism market toward witnessing a CAGR of over 12% during the forecast period.
Get more insights about the global trends impacting the future of the sports tourism market, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR44823
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