It’s always game day somewhere for sports tourism, now one of the globe’s fastest-growing travel sectors.
According to a recent report published by the World Economic Forum, the sector is set for runaway growth. Valued at $609 billion in 2023, it is predicted to be worth more than $1.7 trillion by 2032. Sports tourism is a broad field that encompasses activities where tourists either attend an event as spectators or actively participate in a competition .
Yet in an era of inflation and tighter budgets, one big question looms: is sports travel a worthwhile splurge or a financial foul? Financial advisors speculate on what’s driving this spending trend and what Americans can do to ensure their sports travel budgets don’t result in a penalty flag.
More Than a Game
Sports tourism typica