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SBD/January 15, 2013/Research and Ratings
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U.S. Golf Economy Down During Period Of '05-11, With New Course Construction Slowing
The U.S. golf economy generated $68.8B worth of goods and services in ’11, down from an estimated $75.9B in ’05, according to data compiled by SRI Int’l in its Golf Economy Report. The 9.4% drop primarily reflects a contraction in golf real estate and capital investment, which includes new course construction. Relative strength during the ’05-11 period included core golf facility operations, tournaments/associations and golf-related travel. Since SRI’s previous report in ’05, the total number of traditional golf facilities contracted slightly from 16,052 to 15,751 in ’11 (SRI Int’l).
SIZE OF THE U.S. GOLF ECONOMY BY INDUSTRY SEGMENTCATEGORY '00'05'11Golf facility operations $20.50B$28.05B$29.85BGolf course capital investment $7.81B$3.58B$2.07BGolfer supplies $5.98B$6.15B$5.64BEndorsements, tournaments, associations $1.29B$1.68B$2.05BCharities $3.20B$3.50B$3.90BReal estate $9.90B$14.97B$4.75BHospitality/tourism $13.48B$18.00B$20.56BTOTAL GOLF ECONOMY $62.17B$75.94B$68.81B
