Categories: Sports

Sports Tourism Boosts Economy with Record $52.2 Billion in Direct Spending in 2023

The sports travel industry generated a record $52.2 billion in direct spending in 2023, with Americans taking a staggering 204.9 million sports event-related trips. This information was presented at the Sports ETA conference in Portland, attended by over 700 members.

According to the State of the Industry Report by Sports ETA, a sports traveler is someone who participated or attended adult or youth amateur events, collegiate sports tournaments, races, or other events. Professional sports and collegiate regular season games were excluded from the analysis.

The study was conducted by Tourism Economics and Northstar Meetings Group Sports, using data gathered from multiple sources including the Bureau of Economic Analysis, Bureau of Labor Statistics, Bureau of Transportation Statistics, U.S. Travel Association, STR and official event attendance figures. It found that youth and amateur sporting events were the top generator of room nights in 2023, with 73.5 million room nights generated representing a 6.5% increase from 2019.

Lodging accounted for 21% of all sports-related travel spending and lodging taxes serve as a primary funding source for destination marketing organizations. According to Sports ETA President & CEO John David, sports tourism has been a significant support to the tourism industry in recent years. Additionally, over $1.5 billion was invested in building youth and amateur sports facilities from 2020-2023 and an additional $1.6 billion is expected to be completed by the end of next year.

SETA membership has grown significantly in the past two years indicating the growth of the sports travel segment which accounts for 757,600 jobs and generates $20.1 billion in total tax revenue highlighting its significant impact on local economies and communities across the country

Samantha Johnson

As a dedicated content writer at newsool.com, I immerse myself in the dynamic world of journalism, crafting stories that engage, inform, and inspire our readers. With a background in creative writing and a passion for staying abreast of current events, I bring both flair and accuracy to each piece I create. Drawing on my expertise in research and storytelling, I strive to deliver content that resonates with our audience and keeps them coming back for more. In a fast-paced digital landscape, I am committed to delivering quality content that captivates and informs, making a meaningful impact in the ever-evolving realm of online journalism.

Share
Published by
Samantha Johnson

Recent Posts

Sports Illustrated Celebrates 60th Anniversary with Iconic Women’s Covers: Diversity, Empowerment, and a Commitment to Inclusion.

To mark the 60th anniversary of Sports Illustrated, a group of legends came together to…

10 seconds ago

Empowering the Future of Water Conservation: The Youth Water Summit and Confluence Project Join Forces to Educate and Inspire

The Kootenai County Fairgrounds will host the Youth Water Summit, which aims to connect students…

13 mins ago

Hepatitis A Outbreak at Whole Foods Market: Public Health Encourages Immediate Vaccination for Exposed Customers

In light of a possible hepatitis A infection detected at the Whole Foods Market on…

14 mins ago

Boosting Bilateral Trade through Enhanced Commercial Shipping and Investment: Saudi Arabia and Libya’s Meeting with Minister of Economy and Trade, Mohamed Al-Hwej”.

On Wednesday, 16th May, at the Ministry's Tripoli headquarters, Minister of Economy and Trade, Mohamed…

26 mins ago

Renewed Roots: How Tornadoes Forced Owner Katherine Helms to Reimagine Her Business and Life

Katherine Helms, the owner of Renewed Roots Collective, is facing challenges after Friday morning’s tornadoes…

58 mins ago

Beyond Surface Kamikaze Drones: The Race to Develop the World’s Most Advanced Autonomous Underwater Vehicles

The war between Russia and Ukraine has served as a platform for testing out surface…

58 mins ago