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 Locations Chapter
The geographic distribution of industry establishments falls broadly in line with population distribution; without sufficient population sizes, country clubs and golf courses will remain empty and industry operations will fail. Another factor that determines establishment distribution is a region's weather profile; states with warmer climates are more likely to have country clubs and golf courses than colder northern states. More temperate climates also reduce groundskeeping costs relative to colder climates, where owners may need to replace large stretches of greens after very cold or very dry seasons. Other factors that influence establishment concentration include availability and cost of sufficient land to develop club houses and courses and a region's golf participation rate... purchase to read more