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Golf Courses & Country Clubs in the US - Industry Market Research Report

Golf Courses & Country Clubs in the US - Industry Market Research Report

  • March 2018
  • 32 pages
  • ID: 209221

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Join the club: The industry’s slim revenue growth is the result of weakened golf participation

Abstract

Golf Courses & Country Clubs in the US
Over the five years to 2018, the Golf Courses and Country Clubs industry has struggled to be up to par due to waning interest in golf among all but its eldest target demographics. Overambitious development resulted in some course closures during the five-year period, but the industry’s long-term challenges concern how it will broaden the sport’s appeal to new players. Golf courses and clubs have particularly struggled to attract younger players, with many finding the clubs to be too conservative in respect to etiquette and the sport too difficult to learn. Since the cost of maintaining a golf course or country club remains fairly constant regardless of customer participation, a decline in the number of individuals visiting golf courses or paying club fees significantly threatens industry establishments. Moreover, massive development of golf facilities in the 1990s and early 2000s created an excess of golf courses in the United States that has since proven to be unstable. The Golf Courses and Country Clubs industry is projected to record moderate growth over the five years to 2023 due to rising corporate profit and disposable income. These factors will likely stimulate demand for industry establishments, as cash-rich consumers turn to golf courses and country clubs as a form of entertainment.

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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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