Topgolf CEO Dolf Berle discusses the company’s new one-floor venue concept that will debut in Augusta during Masters week, including what prompted the approach and how it will impact engagement in the golf industry.
The start of a new decade brings the second installment of the National Golf Foundation’s Top 100 Businesses in Golf initiative, an effort that highlights the vitality, size and diversity of the $84 billion golf industry.
The equipment industry is the most commercially visible sector in golf, with clubs and balls accounting for an almost $2.9 billion annual market that’s driven by golf being one of the nation’s leading participation sports.
Almost two-thirds of golfers say they played a round of golf with a family member last year.
NGF research shows that approximately one out of every 10 people in the U.S. expects to purchase a golf-related gift for a friend or family member this holiday season.
Rounds of golf played in October 2019 were up 4% compared to a year ago, buoyed by significant increases in golf-rich states such as Ohio, Michigan, New York, New Jersey and Pennsylvania. As 2019 draws to a close, the national rounds-played total is up 0.9% year-over-year.
While investment in the U.S. golf market is focused almost entirely on golf course renovations and restorations, a limited number of new courses are being built. Here’s a closer look at some layouts that debuted in 2019.
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