Need to Know Numbers About Golf Course Closures

In 2021, total golf supply in the U.S. experienced a net decline of about 1%. There were 130.5 course closures, as measured in 18-hole equivalents -- the 16th straight year the nationwide total has topped 100. In fact, every year since 2006, when the real estate bubble began to deflate and a subprime mortgage crisis followed, the number of annual golf course closures in the U.S. has significantly outpaced new openings. Rather than an indicator of the health and popularity of golf, however, this correction has helped restore equilibrium to the market after an unprecedented 20-year period (1986-2005) during which the U.S. ...