The analysis of the Tourism Gross Value Added (GVA) of sports and recreation activities in Australia indicates steady growth from 2013 to 2019, with minor fluctuations in 2015. The data reveals that the sector reached 1,040.0 million AUD in 2023, representing a value-based metric. The year-on-year variations have shown modest yet consistent growth, averaging an annual Compound Annual Growth Rate (CAGR) of 2.86% over the past five years. Forecasts from 2024 predict a gradual increase, with a projected CAGR of 1.57% through 2028.
Future trends to watch for:
- Integration of new technologies and digital experiences in sports and recreation.
- Growing interest in sustainable and eco-friendly sports tourism.
- Potential impacts of global events and economic changes on international tourism demand.