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 Analysis Chapter
A drop in consumer and business spending during the recession has negatively affected the Golf Courses and Country Clubs industry's financial performance over the past five years. Because the industry relies solely on its consumer base, declining participation has hindered growth, largely due to a collapse in consumer sentiment and household wealth in late 2008. According to IBISWorld and National Golf Foundation estimates, the total number of people who went golfing dropped 1.3% to 29.4 million in 2009. Over the five years to 2013, industry revenue has remained virtually flat, growing at an estimated annualized rate of 0.1% to $22.9 billion... purchase to read more