Surfing is one of the fastest growing sports
People around the globe flock to the coast to relax, exercise, and enjoy the ocean. Growing exponentially at 12% per year, the current surfing population is estimated at approximately 23 million participants.
Surfing is an important driver for the economic development of local industry and destination tourism. In fact, surf tourism is one of the most dynamic and fastest growing tourist sectors today. It has been proven that surf breaks inject significant revenue to local economies by increasing property values and boosting tourism. Studies undertaken at several surf destinations reveal a significant economic impact annually: $24m at Trestles, $4.5m at Mundaka, $23.9m at Mavericks
In 2014 alone, the global boardsports industry increased by 6%, giving it a 16% share of the global sports market –more than $45 billion.
Wavegarden allows the creation of new surf destinations anywhere in the world, regardless of their proximity to the ocean, and fulfills the local demand for new recreational areas at a very competitive price. The economic impact generated by a Wavegarden for its immediate environment is estimated to be at least €3 million annually.