- Language: English
- 191 Pages
- Published: October 2012
- Region: Global
Golf Courses in the US
- Published: November 2013
- Region: United States
- 10 pages
- First Research
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Brief Excerpt from Industry Overview Chapter:
Companies in this industry operate public and private golf courses. Major US companies include American Golf, ClubCorp, Evergreen Alliance Golf, and KemperSports.
The US golf course industry includes about 12,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $20 billion. Land use restrictions and declines in participation in golf have challenged the industry.
Demand is driven by demographics and population growth. The profitability of individual companies depends on efficient operations and good marketing, because many costs are fixed. Large companies can have advantages in management experience. 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 15 percent of revenue.
PRODUCTS, OPERATIONS & TECHNOLOGY
Major sources of revenue for golf courses include membership dues (40 percent of industry revenue), green and guest fees (25 percent), and sales of food and drinks (20 percent). Other sources of revenue include merchandise sales.
Golf courses can be classified as private or open to the public. Private courses may be associated with country clubs, golf clubs, or real estate developments. Courses open to the public, known as daily fee courses, include commercial and municipal courses. About 75 percent of US courses are open to the public. Private courses get revenue mainly from annual memberships, public courses mainly from daily fees.
The operations of all golf courses, whether public or private, are... SHOW LESS READ MORE >
1. Industry Overview
2. Quarterly Industry Update
3. Business Challenges
4. Business Trends
5. Industry Opportunities
6. Call Preparation Questions
7. Financial Information
8. Industry Forecast
9. Web Links and Acronyms