Over the five years to 2016, the Golf Courses and Country Clubs industry has struggled to make par due to the lingering effects of the recession and a declining interest in golf, specifically among the younger generation. However, as per capita disposable income recovered, the industry benefited from increased spending on golfing, boosting revenue. In the coming years, despite the diminishing popularity of golf, the industry is set to experience slow but steady growth.
This industry operates golf courses as its primary activity and may also include country clubs that have private dining and recreational facilities. These establishments often provide food and beverage services, equipment rental services and golf instruction. Golf courses can be public, private, semiprivate or part of a country club. This industry excludes golf driving ranges, miniature golf facilities and golf courses located on resorts and hotels.
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.