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World Sports Hospitality Market - Forecasts from 2023 to 2028: $21+ Billion Market Potential tmcnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tmcnet.com Daily Mail and Mail on Sunday newspapers.
Impact of COVID-19 Sports hospitality market witnessed a huge dip during the year 2020 with COVID-19 impacting all the industries globally. With no major sports events held this year and most of the world being under lockdown, the sports hospitality market witnessed a significant dip as there weren t enough opportunities for the companies to hold a sporting event for the client without going against the lockdown rules. Furthermore, with businesses being adversely hit by the pandemic, they will seek out to build better relationships after the pandemic ends and thus sports hospitality events are expected to be held a lot more often. Consequently, the market is expected to see a steady growth during the forecast period. ....
Worldwide Industry for Sports Hospitality to 2025 - Key Drivers and Restraints ResearchAndMarkets.com s offering. The global sports hospitality market is expected to grow at a rapid pace during the forecast period. Sports hospitality refers to the programs developed and designed in consideration of the corporate officials and VIPs to let them watch or play sporting events. It is majorly used as a business strategy to help the organizations build stronger relationships, provide a more unique experience to their clients, some use it as a way to reward their employees but most importantly, organizations opt for sports hospitality to increase their brand awareness in the process. The companies offering the sports hospitality also offers the opportunity to tailor the event according to the budget needs and the event can be held at any time of the year. ....