• Sat. May 4th, 2024

Record-Breaking Spending in Sports Travel Industry: 204.9 Million Trips and $52.2 Billion Directly Spent in 2023

BySamantha Jones

Apr 25, 2024
Sports travel resulted in a spending of $52.2 billion.

The sports travel industry experienced a total direct spending of $52.2 billion in 2023, with Americans taking a record 204.9 million sports event-related trips. The State of the Industry Report, shared by the Sports Events and Tourism Association (Sports ETA) at their conference in Portland, defines a sports traveler as someone attending an adult or youth amateur event or collegiate sports tournament, race, or other event.

The analysis, based on data from various sources, found that 63% of respondents considered youth and amateur sporting events as their top room night generator. With 73.5 million room nights generated in 2023, a 6.5% increase from 2019, the lodging sector accounted for 21% of all sports-related travel spending. This is significant as lodging taxes are a major funding source for most destination marketing organizations.

Sports ETA President & CEO John David highlighted the importance of sports tourism in the tourism industry, stating that sports have played a crucial role in sustaining the industry over the past few years. He emphasized the long-term impacts of sports tourism on communities and expressed optimism about the future of the sector. According to SBJ research, over $1.5 billion was spent on building youth and amateur sports facilities from 2020-2023, with an additional $1.6 billion expected to be invested by the end of next year. The report also mentioned that the industry created 757,600 jobs and generated $20.1 billion in total tax revenue.

The study underscores the growth of the sports travel industry, as evidenced by the increase in Sports ETA membership in recent years

By Samantha Jones

As a dedicated content writer at newszxcv.com, I bring a passion for storytelling and a keen eye for detail to every piece I create. With a background in journalism and a love for crafting engaging narratives, I strive to deliver informative and captivating content that resonates with our readers. Whether I'm covering breaking news or delving into in-depth features, my goal is to inform, entertain, and inspire through the power of words. Join me on this journey as we explore the ever-evolving world of news together.

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