In the rough: The industry's slim revenue growth is the result of weakened golf participation

Over the five years to 2017, the Golf Courses and Country Clubs industry in New York has struggled to make par. Overambitious golf course development has resulted in some establishment closures during the five-year period, which pressured industry growth. However, the industry's long-term challenges concern how it will broaden the sport's appeal to new players. The Golf Courses and Country Clubs industry is projected to experience moderate growth over the five years to 2022 due to rising disposable income and increased consumer sentiment...read more.

Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 12-17
0.9%
Forecast Growth 17-22
Profit
Employment
9,607
Businesses
689
What Our Customers Say

Industry Threats & Opportunities

  • Declining interest in golf and overambitious development have hindered industry revenue growth
  • While golf courses are popular among retirees, golf has not achieved any steady growth in popularity among younger consumers
  • Little interest in golf participation may continue to limit the industry’s success
  • Industry Report - Industry Analysis Chapter

    Over the five years to 2017, slow growth in corporate profit and relatively subdued gains in per capita disposable income in the state stifled revenue growth for the Golf Courses and Country Clubs industry in New York. Since golf is a relatively expensive pastime compared with other sports and hobbies, many New Yorkers reign in golf course and country club spending, or cut it altogether, during economic slowdowns. While the New York economy picked up steam over the five years to 2017, the growth was slow compared with prerecessionary gains, and consumers looked to cut expensive discretionary purchases where they could. As a result, many occasional golfers cut back their visits to courses, which caused green fees to decline, and avid golfers slightly decreased country club spending. Des...purchase to read more.

    Additional Insights for the Golf Courses & Country Clubs in New York Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Golf Courses & Country Clubs in New York 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 New York and Corporate profit in the Golf Courses & Country Clubs in New York industry impact industry performance..

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    What is the Golf Courses & Country Clubs in New York 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
  • Membership
  • Green fees
  • Food and beverages
  • Equipment rental and sales
  • Other sales and services
  • 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
  • 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
  • Golf Courses & Country Clubs in Florida
  • 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 New York
  • Corporate profit
  • Inbound trips by non-US residents in New York
  • Number of adults aged 20 to 64 in New York
  • Time spent on leisure and sports

  • Current Performance
  • High supply, low enthusiasm
  • Bright spots
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand drivers
  • Tough putt
  • Table: Golf Courses & Country Clubs in New York Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Golf Courses & Country Clubs in New York 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
  • Membership
  • Food and beverages
  • Green fees
  • Equipment rental and sales
  • Other sales and services
  • Chart: Golf Courses & Country Clubs in New York Industry Products and Services Segmentation

  • Major Markets
  • Consumers aged 35 to 54
  • Consumers aged 24 and younger
  • Consumers aged 25 to 34
  • Consumers aged 55 to 64
  • Consumers aged 65 and older
  • Chart: Major Market Segmentation for the Golf Courses & Country Clubs in New York Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Depreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Golf Courses & Country Clubs in New York

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

  • There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Golf Courses & Country Clubs in New York 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 New York Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Per Capita Disposable Income in New York (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.
  • Occasional Golfer
  • A golfer who only plays up to seven times a year and does not have a significant impact on industry revenue levels.
  • Regular Golfer
  • An avid golfer who plays at least 25 rounds annually, accounts for most golf-related spending and tends to have a greater influence on the industry.
  • Why buy this report?

    The Golf Courses & Country Clubs in New York Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Golf Courses & Country Clubs in New York:
    • 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 New York 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 New York, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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