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 Key Buyers Chapter
The Golf Courses and Country Clubs industry is highly fragmented. The industry is made up of a few large holding companies that operate hundreds of courses, several medium-size companies that own and operate between five and 20 courses, dozens of companies that operate two to four courses and thousands of independent or public establishments that operate a single course. In fact, over 99.0% of industry clubs and courses have fewer than 500 employees. The four largest golf course and country club operators will account for less than 10.0% of industry revenue in 2016.
The low level of industry concentration is not expected to change significantly in the future... purchase to read more