GOLF TOURISM IN SPAIN GENERATES 16 BILLION EUROS

Justin N. Froyd - Dec 8, 2024
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Golf tourism is thriving in Spain. A study conducted by IE University highlights that Spain is solidifying its status as a top European destination for golf tourism, welcoming 1.4 million visitors in 2022 - a 17% increase compared to 2018. This analysis was presented during an event organized by the Royal Spanish Golf Federation (RFEG) and the Spanish Association of Golf Courses (AECG).

The golf segment generated a total economic impact of €15.9 billion and created 132,994 quality jobs, significantly contributing to the deseasonalization of tourism. Furthermore, the direct and indirect spending associated with golf benefits sectors such as hospitality, catering, and transport, reinforcing the economic multiplier effect.

Unlike many other sectors, golf plays a crucial role in the deseasonalization of tourism in Spain. Additionally, the impact of golf tourism is evident in foreign real estate investment, with golf tourists acquiring 382,755 homes in Spain, valued at €82.3 billion, enhancing Spain's appeal as a holiday and sports destination.

Regarding Spanish golf courses and their water use, the University of Cádiz reveals that 56% of these courses utilize non-conventional water sources, such as reclaimed and desalinated water. Furthermore, 92% of these courses adopt water-saving practices.

Spain is a leader in using reclaimed water in Europe, particularly noted in the Costa del Sol, the Balearic Islands, and the Canary Islands where over 75% of the courses utilize this sustainable resource. Furthermore, each cubic meter of water used generates an economic return of 147 euros, with 89% of this benefit positively impacting sectors beyond golf.

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