Industry Analysis & Industry Trends
Over the past five years, the Golf Driving Ranges and Family Fun Centers industry exhibited revenue growth, despite many consumers being time-strapped. While the industry contended with mounting competition from alternative leisure activities, such as fitness, many operators generated industry revenue growth on the basis of convenience. For instance, golf driving ranges attracted time-strapped individuals, due to golf driving ranges being more time-efficient compared with consumers playing nine to 18 holes on the golf course. Over the five years to 2021, industry revenue is forecast to grow as family fun centers and golf driving ranges continue to enhance their product portfolios to attract families, despite their reduced leisure time... purchase to read more
Industry Report - Industry Investment Chapter
The Golf Driving Ranges and Family Fun Centers industry has a medium level of capital intensity. The industry is labor-intensive in most areas, including administration, ticket selling, food and beverage sales and the operation and maintenance of games and equipment. Although, operators rely on machinery to generate revenue, so a significant amount is spent on capital goods. Capital requirements include sporting goods and equipment needed to furnish the establishment. Other general amusement equipment include games and racetrack asphalt; merchandise for resale; and other miscellaneous items, such as tickets, prizes and operating materials.
In 2016, for every dollar spent on wages, the industry incurred $0.22 in capital expenditures. To .. purchase to read more