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The Significant Impact of Golf on Portugal’s Economy

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A recent study conducted by EY Parthenon has shed light on the significant economic impact of golf on Portugal's economy.A recent study conducted by EY Parthenon for the Conselho Nacional da Indústria do Golfe (CNIG) and the Confederação do Turismo de Portugal (CTP) and referenced in an article by Rodolfo Alexandre Reis for O Jornal Económico, has shed light on the significant economic impact of golf on Portugal’s economy. Between 2019 and 2023, the direct and indirect contribution of the golf sector to the Portuguese economy increased by 57.4%, reaching a remarkable €4.2 billion in 2023. Most of this impact comes from the Algarve, which alone contributed €100 million of the total €120 million directly to Portugal’s GDP.

The report highlights how golf drives tourism, particularly in regions like the Algarve, where international visitors, especially from the UK, Sweden, and Germany, make up the bulk of golfers. British golfers, in particular, account for 46% of rounds played in the region. The recovery from the COVID-19 pandemic has been strong, with 2023 showing a 12% increase in rounds played compared to pre-pandemic levels, and further growth is expected with the introduction of new direct flights to Faro, such as those from United Airlines in the coming year.

The economic contribution of golf extends beyond the golf courses, impacting sectors such as hospitality, catering, and retail. The average golfer visiting Portugal stays for around seven nights and spends approximately €165 per day, further boosting the local economy. This resurgence highlights the importance of the golf industry not only for tourism but for the broader economic landscape of Portugal.

Tee Times Golf Agency Contribution

For over 30 years, Tee Times Golf Agency has contributed to the impact of golf on Portugal’s economy, promoting Portugal as a top golf destination. By offering the best golf packages and personalised service, we have helped countless golfers worldwide experience the beauty and challenge of Portugal’s renowned courses. Our long-standing commitment to sustainability aligns with the growing global emphasis on responsible travel, and we are proud to offer eco-friendly packages that prioritise environmental preservation while delivering exceptional golfing experiences.

Sustainability has become a core value at Tee Times. As the golf industry evolves, we have adapted our offerings to support environmentally conscious practices across our partner golf courses and resorts. By promoting green initiatives and working closely with local communities, we help ensure that golf tourism remains sustainable.

The findings of the EY Parthenon study underline the impact of golf on Portugal’s economy. Tee Times Golf Agency is proud to be a driving force in this thriving industry, offering unforgettable Portugal golf holidays while championing sustainability and excellence in service. Our mission remains clear as we look to the future: to continue providing world-class golf experiences that contribute to Portugal’s economic and environmental well-being.

Expanding Horizons: Tee Times Golf Agency at IGTM 2024

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Carlos Ferreira, founder of Tee Times Golf Agency, and Jorge Diogo, participated in the International Golf Travel Market (IGTM) in Lisbon from October 14-17Carlos Ferreira, founder and CEO of Tee Times Golf Agency, and Jorge Diogo, Director of Sales and Marketing, actively participated in the International Golf Travel Market (IGTM) in Lisbon from October 14-17. As a premier event for the golf travel industry, IGTM provides a unique opportunity for professionals to connect, network, and collaborate with leading golf destinations, resorts, and tour operators worldwide. For Tee Times, this event represents an invaluable platform to showcase our expertise and long-standing commitment to delivering unforgettable golf holidays in Portugal and Spain.

Since our establishment over 30 years ago, Tee Times Golf Agency has become a leading operator in the golf travel market. With pre-scheduled meetings at the heart of IGTM, Carlos and Jorge engaged with key buyers and decision-makers, forging partnerships that will continue to grow our reputation as a trusted partner for golf fans seeking world-class destinations. IGTM’s focus on facilitating real business and valuable industry insights aligns perfectly with Tee Times’ mission to provide tailored, exclusive golf experiences.

IGTM Golf Day

The IGTM Golf Day, held on Monday at some of Lisbon’s finest courses, provided an excellent networking opportunity for all attendees. Among the courses played were Aroeira Pines Classic, Bom Sucesso Golf, Dolce Campo Real, and the iconic Penha Longa. These world-class designs highlight the growing appeal of Lisbon as a golf destination, an area that Tee Times Golf Agency is keen to promote alongside their well-established offerings in the Algarve.

We would like to extend our heartfelt thanks to all the clients, friends, and valued suppliers we met during the show in Lisbon. Their continued support and partnership drive us to consistently deliver exceptional golf holidays and experiences. It was a privilege to reconnect and explore new opportunities, and we look forward to many more successful collaborations.

By participating in IGTM, we reaffirm our dedication to innovation, excellence, and sustainability in the golf travel industry. This involvement strengthens our ability to offer top-rated golf courses and exclusive packages, ensuring that their clients continue to receive the best golf experiences in Portugal and Spain. As the event draws to a close, Tee Times looks forward to expanding its network and offering even more exceptional golf holidays to its clients worldwide.

The Old Course at Vilamoura will Unveil a Renovated Pub and Enhanced Golf Experience

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The Old Course at Vilamoura has recently unveiled a beautifully restored pub as part of a broader renovation of its clubhouse.The Old Course at Vilamoura, one of Portugal’s most iconic golf venues, will unveil a beautifully restored pub as part of a broader renovation of its clubhouse. Highlighted by Algarve Daily News, this transformation aims to enhance the overall experience for golfers visiting this renowned course. The new pub concept blends tradition with modernity, offering a cosy and welcoming atmosphere where guests can enjoy elevated British pub classics, delicious foods, and a drinks menu featuring British ales, Portuguese wines, and refreshing cocktails.

With its vintage-inspired design, the updated clubhouse creates a relaxing environment for golfers and visitors to unwind after a round or celebrate special occasions. Managed by DETAILS, the Old Course at Vilamoura has seen significant upgrades, enhancing its on-course experience and Vid off-course hospitality. The US-based hospitality consulting firm Streetsense was key in delivering a cohesive concept for the pub, ensuring a seamless fusion of history and modern convenience.

Visitors to the Old Course can benefit from premium golf packages offered by Tee Times Golf Agency. Established over 30 years ago, Tee Times has become one of Portugal’s largest operators specialising in golf holidays. The agency’s tailored golf packages ensure an unforgettable experience for those exploring the Algarve’s finest courses, including the Old Course, as part of a dream Portugal golf holiday.

The Old Course at Vilamoura Legacy

The clubhouse, set to reopen in November, will also feature a redesigned golf shop and a stylish terrace, perfectly complementing the course’s rich legacy.

“We are very proud to have such a historic and revered venue like the Old Course as part of our portfolio, and we are determined to ensure we create an authentic and relaxed venue with a unique gastronomic experience for our members, guests and the local community”, said Nuno Sepúlveda, co-CEO of DETAILS.

With the ongoing renovations and new pub, the Old Course at Vilamoura is set to continue its legacy as a premier golf destination, and we are ready to provide the perfect gateway to an exceptional golfing experience.