Golf Courses Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 12/13/2021
SIC Codes: 7992, 7997
NAICS Codes: 71391
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Golf Courses Industry Profile

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, ClubCorp, Indigo Golf Partners, 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 nearly 38,000 golf courses, according to The Royal and Ancient Golf Club of St Andrews. Iceland has the most golfers per capita. Countries such as the US, Japan, the UK, Canada, and Australia are the top countries in terms of number of courses.

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 services (40%), membership (30%), green and guest fees (more than 10%), and meals, snacks and other food items ...

 
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