Scotland was named to host in 2014, with the continent of Europe to play host between 2018 and 2030. Friday's announcement marked the first time in history that Wales has hosted the games.
Celtic Manor succeeded despite reports this week which revealed that redesign work will by done by European Course Design - a company 50 per cent owned by the European Tour. The European Tour and the British PGA jointly put on the Ryder Cup during years that is played in Europe.
Celtic Manor is owned by Sir Terry Mathews, whose worth is reported to be well in excess of $2 billion.
'This is a great moment for Wales and The Celtic Manor Resort - and a huge moment for golf,' said Mathews. 'This decision brings a new dimension to the sport by adding another nation into the golfing premier league.'
England's northeast course of Slaley Hall and the Scottish courses of Loch Lomond, Carnoustie, Gleneagles and Turnberry were the venues beaten out by Celtic Manor. Gleneagles was given the 2014 Cup.
Loch Lomond was the early favorite to win the Ryder Cup in 2010, but Ken Schofield, executive director of the European Tour, endorsed the Welsh bid in May. His endorsement caught the golf world by surprise because Celtic Manor wasn't even in existence 10 years ago.
The hilly course will have to be revamped considerably before the matches are held in 2010. Ryder Cuppers who must go round the course twice in a single day would be weary from trudging up the steep slopes if it were not considerably reworked, it is believed. A redesign is called for on nine of the holes, costing approximately $18 million for the new holes and new clubhouse.
In addition, owner Mathews has committed an additional $75 million of his telecommunications fortune to the Cup.
The European board said it decided to rotate the Ryder Cup around the European continent after 2014 to 'further stimulate to game throughout Europe.'
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