The study found that golf – a sport popular with the corporate travel and events sector – was worth €1.55bn to the European tourism market.
Spain was found to be the most popular destination for golf, with 28.4% of European golfers heading there to play. Elsewhere, 17% of golfers head to Portugal and 16.1% to the UK and Ireland.
The 'European Spotlight on Golf Tourism to Spain' report also revealed that 12.7% of European golfers visiting Spain to play golf favoured the Costa del Sol, 3.9% the Costa Brava region and 3.2% the Canary Islands.
International Golf Travel Market is taking place this week (11-14 November) at Cost Daurada in Catalonia. It is organised by Reed Travel Exhibitions, which commissioned the research.
Peter Grimster, IGTM's exhibition manager, said: "These top-line findings underpin the scale of the golf tourism industry in Europe, and how it represents an important 10% of the total economic impact of golf on the economy of Europe, which stands at €15.12bn per annum."