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SBD/January 15, 2013/Research and Ratings
U.S. Golf Economy Down During Period Of '05-11, With New Course Construction Slowing
Published January 15, 2013
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).
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SIZE OF THE U.S. GOLF ECONOMY BY INDUSTRY SEGMENT
|
|||
| CATEGORY |
'00
|
'05
|
'11
|
| Golf facility operations |
$20.50B
|
$28.05B
|
$29.85B
|
| Golf course capital investment |
$7.81B
|
$3.58B
|
$2.07B
|
| Golfer supplies |
$5.98B
|
$6.15B
|
$5.64B
|
| Endorsements, tournaments, associations |
$1.29B
|
$1.68B
|
$2.05B
|
| Charities |
$3.20B
|
$3.50B
|
$3.90B
|
| Real estate |
$9.90B
|
$14.97B
|
$4.75B
|
| Hospitality/tourism |
$13.48B
|
$18.00B
|
$20.56B
|
| TOTAL GOLF ECONOMY |
$62.17B
|
$75.94B
|
$68.81B
|
