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Once upon a time (six years ago), a terrible cough/sore throat combination swept the globe and forced people to get healthy, isolated outdoor exercise. As playing horseshoes and hopscotch required partners, surfing quite naturally became the obvious activity and millions upon millions of enthusiasts were born.
These adult learners, many vulnerable, purchased boards and wetsuits, leashes and wax and sent the surf hard-good market booming. Ding repair operations did brisk business as well as no one knew the rules nor cared to learn. There they paddled out, en masse, near their homes, socially distanced but one in spirit.
It appears, though, that they might be wanting a touch more social distance as new economic analysis has forecasted the surfing tourism market to explode in girth through the decade.
Currently valued at $9.58 billion, surfing tourism will blast to $12.31 billion by 2028. That is a 6.5% compound annual growth rate for the junior economists out there.
Gains will be spread across “Surf Schools And Lessons, Surf Camps And Retreats, Surf Resorts And Accommodations, Surf Tours And Expeditions, Equipment Rentals And Sales” and include “LineUpEXplorers GmbH, The Perfect Wave Travel, Channel Islands Surfboards Inc., Body Glove International LLC, World Surfaris Pty Ltd, Firewire Surfboards LLC, Costa Rica Surf Travel Company, Wavehunters Surf Travel Pty Ltd, Waterways Surf Adventures, Nomad Surfers, Atoll Travel, The Ocean Spell Surf Travel, True Blue Travel, BruSurf Inc., Great Ocean Road Surf Tours, INTRO Travel Pty Ltd, Mojosurf Pty Ltd, Go Overseas Inc., Driftwood Mentawai Surf Travel, Surf and Sun.”
Champagne corks being popped in Kelly Slater’s Thai surfboard factory today.
With this entirely bullish outlook, are you considering quitting your current job and hopping into the surfing tourism industry? Remember when bitcoin was at $27,000 and you were tempted to buy in?
Go with your gut this time.
Fuck this!
The only explosion guaranteed within five years is that of the planet itself!
Smoke ‘em if ya have em gents…
Rad!…
When they accept bitcoin at the pools, iii be cheerin.!!
The Pool is the bet. It’s what this explosive gold rush is all about. You know the score Chas and will get rich on it. More than you even believe.
I’m historically horrible with money.
This is a chance to be less horrible mate.
Whatever happened to Windsurfing? Used to be bigger culturally than surfing, but kitesurfing seemed to kill it off whilst not really becoming popular itself
Here at the former w̶i̶n̶d̶s̶u̶r̶f̶i̶n̶g̶ boardsailing epicenter, home to many grey and wrinkled pro wind-kooks, the sad truth is the old claim of “windsurfing is the sport of the 80s” has remained true.
The even sadder truth is so many settled here–Euros included–and their kids all started surfing. Hookipa is a Leftover quality wave with Pipe-level crowds.
With crowds I bet we’re going to see a Nihiwatuization of surf travel. Resort owners are going to do everything they can to make access to waves difficult to outright impossible because if you can keep people out of lineups you will be able to sell rooms for $1,000+ a night.
Very cool thing we’ve all created.
Christ have mercy.
Sometimes I acknowledge how lucky I am to have grown up surfing in a place with inconsistent waves and no surf culture.
Not enough waves for proper surf tourism. The waves may suck but the lineups are almost always empty.
But then we too have to take occasional surf trips and become fuckin tourists.
I think you meant “Surfing tourist forecasted to explode to 12 billion people in five years”…yikes!
So the exact opposite of BG, where it appears too much of a good thing (surfing) can kill the thing itself.