In an era when golf course closures far outweigh new openings – a market correction that’s the result of oversupply in the industry coupled with a strong demand for real estate — here’s a look at facilities that have escaped the chopping block. From the posh Wynn Golf Club on the Las Vegas Strip to a 9-hole layout in Nebraska that costs just $9 to walk on weekdays.
It’s undeniable there have been more golf course closures than openings in the U.S. over the past 13 years. But do you realize that more than 720 golf courses have opened around the country during that period? That total, during what’s looked at as a “down period” for the industry, is more than the entire golf course supply in nations such as Scotland, Ireland, Spain and South Africa.
The terms “facility” and “course” are occasionally used interchangeably both in and out of the golf industry, but they can be quite different. Throughout the years, many media outlets have taken the NGF’s total number for facilities and conflated that with courses even though these two counts are more than 2,000 apart. Why are there two different measures?
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.
Quick question: are there more McDonald’s, Starbucks or golf courses worldwide? NGF’s Greg Nathan gives that answer and more in this Golf Channel appearance, discussing the golf business and golf travel alongside Ship Sticks CEO Nick Coleman.
Over the past 25 years, Tom Cox has grown Golfballs.com from a startup that sold used golf balls found in lakes to a world leader in the online sale of customized golf products – most notably, new golf balls. Golfballs.com now exceeds $33 million in annual sales, with 80% of its business customized in some way.
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