Industry Analysis & Industry Trends
While adverse conditions have plagued the industry in recent years, demand for golf courses and country clubs will return, as participation increases. As more baby boomers reach retirement and demand for golfing increases, the industry will experience modest growth. Nevertheless, improved demand will heighten competition among operators, and demand for other outdoor sporting activities will likely limit growth... purchase to read more
Industry Report - Industry Products Chapter
Golf course memberships typically entitle the member to unlimited golf games throughout the year, and, if included, access to the associated country club facilities and events. This segment generates about 40.0% of industry revenue. In 2009 and into 2010, there was a steady decline in membership numbers as a result of the recession; faced with rising unemployment and declining disposable income, consumers were unable to afford memberships. However, as the economy improved in 2010 membership rates began to increase. As a result, membership rates have slightly grown as a portion of industry revenue in the past five years.
Golf course green fees comprise the second-largest source of revenue for the industry, generating about 25.0%... purchase to read more