Industry Analysis & Industry Trends
Over the five years to 2016, the Golf Courses and Country Clubs industry has struggled to make par due to waning interest in the sport among all but its eldest target demographics.Overambitious development resulted in some course closures and waning revenue over the five years to 2016, but the industry's long-term challenges concern how it will broaden the sport's appeal to new players. Despite a few inconsistent years, the Golf Courses and Country Clubs industry is projected to return to moderate growth due to higher corporate profit, rising disposable income and increased consumer sentiment. These factors will likely stimulate demand for industry clubs as people return to golf courses and country clubs.
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Industry Report - Industry Investment Chapter
The Golf Courses and Country Clubs industry has a moderate level of capital intensity; in 2016, the industry is expected to spend about $0.23 on capital for every dollar spent on labor. The nature of this industry requires courses to invest a significant amount of money into both capital and labor to maintain the properties they manage. Maintenance and other staffing requirements (e.g. kitchen hands, gardeners, groundskeepers, golf instructors and managerial and administrative staff) are key contributors to labor costs, which generally account for nearly 40.0% of industry revenue... purchase to read more