3-Minute Business Insights
With increases in golf participation, play and popularity in recent years, one of the questions we've gotten recently is whether there’s been a rise in new U.S. course construction since the onset of the pandemic.
Tracking New Golf Course Development
Among the U.S. golf courses in construction or in-planning, almost one-third of the projects are located in two states. But as history shows, not every project in golf's developmental pipeline opens for play.
Off-Course Golf Facility Growth
Play in October still trended ahead of recent pre-pandemic years
Rounds of golf for October 2022 were relatively flat nationally compared to a year ago, with a slight change within the range of typical weather-related fluctuation.
A summer resurgence showed 2022's slow start was attributable to poor golf weather rather than a softening in demand
“We were down significantly in April and not exactly sure what to expect... and then it came roaring back.”
The peak-season, summer months of June, July and August are disproportionately important for the golf industry -- a make-or-break period for most golf facilities. This summer, the industry climbed out of the hole that Mother Nature dug early in the year.
An Inside Look at the Golf Management Space
The evolution and growth of MCOs in the U.S. golf market
An Update on the Golf Management Space
More than one in seven U.S. golf facilities are now being managed by an MCO, or multi-course operator. It's a market penetration that's risen 18% in the past decade-plus.
June, July Rebound Suggest Rounds Retention
Play continues to trend ahead of recent pre-pandemic years
After strong play totals in June and July, YTD play entering August was trailing the record pace of 2021 by only 4%. And there are clear signs of retaining recent gains.
8 best practices to help your business
The past several years have been generally very positive for golf operators, thanks to the "Covid boom." But how should we be improving the customer experience to ensure we're prepared and positioned for the future?
Each time a recession looms, the question arises, “Is Golf Recession Proof?” Perhaps a more important question, however, is what can golf do to prepare for the next inevitable recession?
