Golf Courses
Description
Companies in this industry operate public and private golf courses as well as recreational facilities known as country clubs. Major companies include American Golf, Arcis Golf, Invited, KemperSports, and Troon Golf (all based in the US); as well as Accordia Golf (Japan), Bluegreen Golf (France), ClubLink (Canada), and Pacific Golf Management (New Zealand).
The world has about 40,000 golf courses, according to Golf Monthly. Countries such as the US, Japan, Canada, England, and Australia are the top countries in terms of number of courses. The US has the most golfers in the world, according to Golf Monthly.
The US industry includes about 11,000 golf course facilities with combined annual revenue of about $23 billion.
COMPETITIVE LANDSCAPE
Demand is driven by demographics and population growth. The profitability of individual companies depends on efficient operations and good marketing. Large companies can have advantages in management experience and the ability to leverage investments in administrative infrastructure. Small companies can compete successfully by operating in favorable locations or through superior marketing. The US industry is highly fragmented: the 50 largest companies account for about 20% of revenue.
As a recreational activity, golf competes for consumers' time with numerous outdoor and indoor leisure pursuits.
PRODUCTS, OPERATIONS & TECHNOLOGY
Major sources of revenue for golf courses include golf course and country club membership services (50%), golf course and country club greens and guest fees (more than 20%), and meal, snacks, other food items, and nonalcoholic beverages (about 15%).
Golf courses can be classified as private or open to the public. Private courses may be associated with country clubs, golf clubs, or real estate developments. Courses open to the public, known as "daily fee" courses, include commercial and municipal courses. A significant number of US courses are open to the public. Private courses get revenue mainly from annual memberships, public courses mainly from daily fees.
The operations of all golf courses, whether public or private, are similar and include activities such as scheduling of customer tee times, food service and merchandise sales, and grounds keeping such as mowing, fertilizing, tree care, watering, and maintenance. Access to enough water is a major consideration and can be a major cost. In warm and dry areas like Florida, Arizona, or Southern California, where golf can be played year-round, a popular course can host between 80,000 and 100,000 rounds per year. But the average course in the US hosts an average of 30,000 rounds per year, mainly because of adverse winter weather. Private courses are used even more lightly.
The world has about 40,000 golf courses, according to Golf Monthly. Countries such as the US, Japan, Canada, England, and Australia are the top countries in terms of number of courses. The US has the most golfers in the world, according to Golf Monthly.
The US industry includes about 11,000 golf course facilities with combined annual revenue of about $23 billion.
COMPETITIVE LANDSCAPE
Demand is driven by demographics and population growth. The profitability of individual companies depends on efficient operations and good marketing. Large companies can have advantages in management experience and the ability to leverage investments in administrative infrastructure. Small companies can compete successfully by operating in favorable locations or through superior marketing. The US industry is highly fragmented: the 50 largest companies account for about 20% of revenue.
As a recreational activity, golf competes for consumers' time with numerous outdoor and indoor leisure pursuits.
PRODUCTS, OPERATIONS & TECHNOLOGY
Major sources of revenue for golf courses include golf course and country club membership services (50%), golf course and country club greens and guest fees (more than 20%), and meal, snacks, other food items, and nonalcoholic beverages (about 15%).
Golf courses can be classified as private or open to the public. Private courses may be associated with country clubs, golf clubs, or real estate developments. Courses open to the public, known as "daily fee" courses, include commercial and municipal courses. A significant number of US courses are open to the public. Private courses get revenue mainly from annual memberships, public courses mainly from daily fees.
The operations of all golf courses, whether public or private, are similar and include activities such as scheduling of customer tee times, food service and merchandise sales, and grounds keeping such as mowing, fertilizing, tree care, watering, and maintenance. Access to enough water is a major consideration and can be a major cost. In warm and dry areas like Florida, Arizona, or Southern California, where golf can be played year-round, a popular course can host between 80,000 and 100,000 rounds per year. But the average course in the US hosts an average of 30,000 rounds per year, mainly because of adverse winter weather. Private courses are used even more lightly.
Table of Contents
- Industry Overview
- Quarterly Industry Update
- Business Challenges
- Business Trends
- Industry Opportunities
- Call Preparation Questions
- Financial Information
- Industry Forecast
- Web Links and Acronyms
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