Golden links: Florida's large elderly population has bolstered industry growth

The Golf Courses and Country Clubs industry in Florida has fared slightly better than the national industry over the past five years. Florida contains the highest number of golf courses in the country, largely due to the state's year-round warm weather and the prevalence of both tourists and retirees that have the leisure time to engage in rounds of golf. Nationwide, golf participation has fallen, owing largely to younger generations' lack of interest, but the Florida industry has maintained stable revenue growth due to its favorable advantages. During the five-year period to 2022, the industry is forecast to continue growing, albeit at a slower rate...read more.

Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 12-17
1.9%
Forecast Growth 17-22
Profit
Employment
46,044
Businesses
743
What Our Customers Say

Industry Threats & Opportunities

  • While older demographics benefit operators in the state, there is still concern regarding how to attract younger generations
  • Despite high barriers to entry, the number of industry enterprises has continued to grow
  • Demographic shifts will pressure operators to alter their services
  • Industry Report - Industry Products Chapter

    MembershipsMemberships provide customers with a variety of benefits including unlimited rounds of golf, use of course and club facilities, discounts on merchandise and more. In 2017, golf course and country club memberships account for an estimated 47.5% of industry revenue in Florida, which is significantly higher than the national industry average. Florida contains the most golf courses in the country, and many professional golfers live in the state. As a result, golf culture is prevalent in Florida, which drives many people to join local golf and country clubs. Moreover, the many retirees in the state can use the clubhouse and facilities to socialize and stay active. Thi...purchase to read more.

    Additional Insights for the Golf Courses & Country Clubs in Florida Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Golf Courses & Country Clubs in Florida Industry are

  • Easy access to further appropriate land for development
  • Economies of scale
  • Access to highly skilled workforce
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income in Florida and Number of adults aged 65 and older in the Golf Courses & Country Clubs in Florida industry impact industry performance..

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    What is the Golf Courses & Country Clubs in Florida Industry?

    This industry is primarily engaged in operating golf courses and country clubs that have dining and recreational facilities. These establishments typically provide food and beverage services, equipment rental services and golf instruction. Golf courses can be public, private, semiprivate or an extension of a private country club. This industry excludes golf driving ranges, miniature golf courses and resorts and hotels that have on-site golf courses.

    Industry Products
  • Memberships
  • Green fees
  • Food and beverages
  • Equipment rentals and sales
  • Industry Activities
  • Operating golf courses and country clubs
  • Providing food and beverage services
  • Providing golf equipment rental services
  • Providing golf instruction services
  • Similar Industries
  • Amusement Parks
  • Ski & Snowboard Resorts
  • Bowling Centers
  • Golf Driving Ranges & Family Fun Centers
  • Hotels & Motels
  • Casino Hotels
  • Bed & Breakfast & Hostel Accommodations
  • Golf Courses & Country Clubs in California
  • Gym, Health & Fitness Clubs in California
  • Golf Courses & Country Clubs in New York
  • Gym, Health & Fitness Clubs in New York
  • Golf Courses & Country Clubs in Illinois
  • Gym, Health & Fitness Clubs in Illinois
  • Golf Courses & Country Clubs in Texas
  • Gym, Health & Fitness Clubs in Texas
  • Gym, Health & Fitness Clubs in Florida
  • Golf Courses & Country Clubs in Massachusetts
  • Gym, Health & Fitness Clubs in Massachusetts
  • Golf Courses & Country Clubs in Ohio
  • Gym, Health & Fitness Clubs in Ohio
  • Golf Courses & Country Clubs in Pennsylvania
  • Gym, Health & Fitness Clubs in Pennsylvania
  • Golf Courses & Country Clubs in New Jersey
  • Gym, Health & Fitness Clubs in New Jersey
  • Golf Courses & Country Clubs in Georgia
  • Golf Courses & Country Clubs in Michigan
  • Gym, Health & Fitness Clubs in Michigan
  • Golf Courses & Country Clubs in Wisconsin
  • Gym, Health & Fitness Clubs in Wisconsin
  • Golf Courses & Country Clubs in Washington
  • Gym, Health & Fitness Clubs in Washington
  • Golf Courses & Country Clubs in Virginia
  • Gym, Health & Fitness Clubs in Virginia
  • Golf Courses & Country Clubs in Tennessee
  • Gym, Health & Fitness Clubs in Tennessee
  • Gym, Health & Fitness Clubs in Missouri
  • Golf Courses & Country Clubs in North Carolina
  • Gym, Health & Fitness Clubs in North Carolina
  • Golf Courses & Country Clubs in Minnesota
  • Gym, Health & Fitness Clubs in Minnesota
  • Golf Courses & Country Clubs in Maryland
  • Gym, Health & Fitness Clubs in Maryland
  • Golf Courses & Country Clubs in Colorado
  • Gym, Health & Fitness Clubs in Colorado
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita disposable income in Florida
  • Number of adults aged 65 and older
  • Time spent on leisure and sports
  • Corporate profit

  • Current Performance
  • As the economy grows, the industry tees off
  • Heavy competition
  • Demographics concern operators
  • Chart: Revenue Growth

  • Industry Outlook
  • Competition heats up
  • Looking forward
  • Table: Golf Courses & Country Clubs in Florida Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Golf Courses & Country Clubs in Florida Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Civic, Social & Youth Organizations
  • Public Administration
  • Consumers

  • Key Selling Industries
  • Beer Wholesaling
  • Car & Automobile Manufacturing
  • Farm Supplies Wholesaling
  • Footwear Wholesaling
  • Grocery Wholesaling
  • Sporting Goods Wholesaling
  • Wine & Spirits Wholesaling

  • Products & Services
  • Memberships
  • Green fees
  • Food and beverages
  • Other
  • Equipment rentals and sales
  • Chart: Golf Courses & Country Clubs in Florida Industry Products and Services Segmentation

  • Major Markets
  • Consumers aged 18 to 34
  • Consumers aged 55 to 64
  • Consumers aged 45 to 54
  • Consumers aged 35 to 44
  • Consumers aged 65 to 74
  • Consumers under 18
  • Consumers aged 75 and older
  • Chart: Major Market Segmentation for the Golf Courses & Country Clubs in Florida Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesDepreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Golf Courses & Country Clubs in Florida

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Golf Courses & Country Clubs in Florida Industry

  • Billy Casper Golf LLCCentury Golf Partners ManagementClubCorp, Inc.Troon Golf LLC
  • Table: Billy Casper Golf LLC - financial performance
  • Table: Century Golf Partners Management - financial performance
  • Table: ClubCorp, Inc. - financial performance
  • Table: Troon Golf LLC - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Golf Courses & Country Clubs in Florida Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Golf Courses & Country Clubs in Florida Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Per capita disposable income in Florida (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Green Fee
  • A fee paid to play a round of golf at a course.
  • Greenkeepers
  • Golf course employees responsible for the upkeep of the course greenery.
  • Hydrometer
  • Equipment that monitors and provides real-time data on irrigation flow rates and water usage on golf courses.
  • Why buy this report?

    IBISWorld’s industry research report on Golf Courses & Country Clubs in Florida contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

    IBISWorld industry market research reports enable you to:
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    This report on Golf Courses & Country Clubs in Florida:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Golf Courses & Country Clubs in Florida market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Golf Courses & Country Clubs in Florida, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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