how many rounds of golf does an average golf course sell

Full Answer

How many rounds of golf are played on a golf course?

In total there were about 0 Million Rounds of golf played on golf courses throughout the U.S. in 2020,

What is average rate per round in golf?

Average rate per round is another very simple calculation: all revenue generated from green fee related sales divided by rounds played. This metric is helpful when showing the amount paid by golfers, especially during certain days of the week, certain times of the day and by specific rate categories of golfers.

What percentage of a golf course is used for the driving range?

The fairway occupies almost 29% of a golf course. 6% of the golf course is usually reserved for the driving range on a golf course. The average size of a driving range occupies approximately 7.1 acres of the total golf course. In smaller golf courses where space is limited, the driving range is not feasible and is left out.

How many golf courses are there in the US?

Now the course is 18 holes, and you can see hole 12 in the upper left corner. How many golf courses are there in the US, and what is their state breakdown? There are a total of 18,514 golf courses in America. This is according to an article published on ESPN Golf on July 22, 2009 which quoted a story from the Golf Digest.

How many rounds does the average golf course?

How many rounds does the average golfer play? In 2019, according to the National Golf Foundation, golfers played an average of 18.2 rounds. This number varies greatly by age however. Golfers over the age of 65 played an average of 36 rounds a year while those ages 18-34 only play an average of 12 rounds.

What is the average revenue for a golf course?

According to the National Golf Foundation's 2010 Operating & Financial Performance Profiles of 18-hole golf facilities in the U.S., private 18-hole golf clubs had average total revenue of $3,277,000 in 2009, but with total expenses of $3,204,500.

How many acres does the average golf course cover?

150 acresAt the individual level, an average 18-hole golf course covers 150 acres, approximately 100 (67 percent) of which is maintained turfgrass. This area is predominantly comprised of rough (51 acres) and fairways (30 acres).

Is golf Losing popularity?

Golf surged in popularity in 2020 by nearly every metric, as people sought out the socially distanced outdoor activity amid the pandemic. More than 24.8 million people played golf in the U.S. in 2020, up more than 2% year-over-year and the largest net increase in 17 years, according to the National Golf Foundation.

What is the profit margin on golf clubs?

After all expenses, the best golf retailers rarely profit more than 2-3% of the total cost of a club. However, as a whole, we can say that around 33.33% of the cost of a golf club is the markup from the retailer.

How do golf courses stay in business?

Ways To Raise Money For Your Golf Course. The most common income streams are green fees, membership fees, pro shop sales, and food and beverage sales. While increasing membership fees or green fees might seem like a good way to increase revenue, it might put off more golfers than the additional income earned.

What is the world's largest golf course?

From the tips, Erin Hills -- the site of this year's U.S. Open -- spans over 7,800 yards.

How many acres is Augusta golf course?

345-acreSince 1934, once a year in the spring, eyes around the world focus on a 345-acre plot of grass, trees and greenery in Augusta, Georgia.

How much land is needed for a golf course?

“This means an 18-hole course of all short par 3s could be built on as little as 30 acres, while an intermediate length or executive course of 18 holes of par 3s and 4s would require 75-100 acres, and a full size par 72 course would need 120-200 acres.

What country is golf most popular?

Countries Where Golf Is Most PopularIRELAND. Despite the fact that golf was invented in Scotland, their next door neighbor, Ireland, is the most popular country for the sport. ... CANADA. ... UNITED KINGDOM. ... UNITED STATES. ... SOUTH AFRICA. ... JAPAN.

What is the average age of a golfer?

54While in recent years the popularity of golf among younger people has grown, the majority of players are still of an older age. The median age of a golfer in the U.S. is 54, continuing to draw in an older crowd.

How many golfers can break 80?

Only about 2 percent of all golfers ever break 80, which generally is considered the Holy Grail of scoring. To legitimately break 80 — no improved lies; no 3-foot gimmes; no free drop from out of bounds — is to breathe the rarefied air of good, if not great golf.

How do you make money owning a golf course?

Green fee play, memberships, food & beverage, and pro shop sales are the four main levers that can lead to an increase in revenue at a golf course. Of course, within each revenue stream, many specific opportunities exist for golf courses to produce more revenue.

How do you value a golf course?

As with most property types, golf courses can be valued via the income approach, sales approach, or cost approach. Each method has its limitations. Given the specialized nature of golf course properties, the application of the comparable sales approach is preferred.

Are municipal golf courses profitable?

The lack of profitability at some municipal golf courses isn't surprising, and it also isn't representative of the overall health of the U.S. golf industry. The reality is that an estimated 67 percent of all public-agency golf facilities make enough revenue to cover all on-site expenses.”

How can I make my golf clubs profitable?

Strategies to Boost Revenue at Your Course This SeasonSell packages.Custom memberships.A well-designed loyalty rewards program.Branded merchandise.Sponsorships.Add an eCommerce page to your website.Open up an online booking channel.Upselling and cross-selling.More items...•

What are benchmarks in golf?

Benchmark uses four important key performance indicators. Key Performance Indicators are a business metric used to evaluate factors that are crucial to the success of an organization. The understanding of these four KPI’s is critical to your ability to successfully manage the tee sheet. Your tee time inventory is the most valuable asset any golf ...

What is direct channel golf?

Golf course, or direct channels, can be your phone, a call center that answers your phone, your website or your mobile app. Indirect channels can be wholesalers and third-party marketing entities. The calculation is rounds booked direct divided by all rounds played.

What are the key performance indicators used in benchmarking?

Key Performance Indicators are a business metric used to evaluate factors that are crucial to the success of an organization. The understanding of these four KPI’s is critical to your ability to successfully manage the tee sheet.

What is the numerator in golf?

The numerator, or the number that is divided by capacity , is all of the rounds played on your golf course. All rounds should be included: 18-hole, 9-hole, back nine start, as well as comp rounds, employee rounds … all rounds. And, for the moment, we won’t make it any more complicated than that.

How much does it cost to maintain a golf course?

A very quick (and non-scientific) analysis of daily-fee golf courses we’ve surveyed in the past couple years shows that the average daily-fee golf course maintenance budget for the courses surveyed was about $467,000 per 18 holes. This worked out to about $15 per round JUST FOR MAINTENANCE. Golf 2020 says that the average round of golf costs $37. Thus, golf course maintenance is about 40% of the cost. From the operator’s perspective, that leaves just $22 per round to pay for staff, clubhouse, marketing, mortgage, insurance real estate taxes and a reasonable operating profit. If the course does 25,000 rounds ($925,000) that leaves a limited amount of cash for everything else. The question is not whether golf is expensive, but rather whether it’s too cheap. It often seems like competitive market pressures motivate golf courses to provide the product (golf) for less than it costs to produce, obviously a recipe for disaster.

How many people play golf in 2020?

The Golf 2020 report states: Contrary to belief, golf is fun, young and cool. There are 6.3 million millennials (ages 18-34) playing 14.7 rounds or more than 93 million rounds of golf annually. They represent roughly 25% of the golf population and spend about $5 billion annually in equipment, merchandise and playing fees.

How many rounds were played in 2016?

Nine-hole rounds comprised an average of one third of rounds played in 2016, according to the USGA. Women, casual golfers and individuals under age 55 are driving the increase in nine-hole rounds.

How much has junior golf grown?

In addition, junior golf has grown considerably. As an example (according to Golf 2020) there’s been an 11.4% growth in the number of high schools fielding competitive golf teams, which, in turn has led to a 13.1% increase (72,582 participants) in girls participation. The PGA Tour has experienced significant TV ratings increases and Golf Channel ratings reportedly increased by 60% since 2011.

What does golf hold for the future?

What does this hold for the future? It depends on whether the (grand and ancient) game can evolve with society. Of course, there will be clubs that choose tradition over progress, and many of them will be just fine. If those clubs were to “lighten up” would it help (or hurt) them? Would it help the growth of the game? Like any business, golf’s future depends on its ability to respond to the market (s). With many different market segments, time will tell which ones respond best to various changes in policy. In order for the game to grow, we need to do a better job of reaching the “3 M’s” to preserve the health of golf for future generations.

How many golf courses are there in the US in 2005?

This continues a trend that began in 2005 when there were 16,052 courses nationwide to where we sit now with 15,014. This is a decline of 6.5% and an average decline of .6% per year. The ratio of private clubs to public access courses remained steady at about 25%.

What is economic feasibility?

The Dictionary of Real Estate Appraisal defines economic feasibility as: A condition that exists when prospective earning power is sufficient to pay a requisite rate of return on the completion cost (including indirect costs). In other words, the estimated value at completion equals or exceeds the estimated cost.

What percentage of golfers are women?

0 %. of on-course golfers are women. Females represent a disproportionately higher percentage of juniors (34%), beginners (36%) and off-course participants (45%) than they do in the overall golf population. Latent Demand.

What is golf participation?

Golf participation is a core measure of golf’s vitality. NGF closely tracks how many people play the game, as well as the demographic composition of golfing America.

How many people will play golf in 2020?

played golf – both on-course and off-course – in 2020. This includes 24.8 million people who played on a golf course and another 12.1 million who participated exclusively in off-course golf activities at places like driving ranges, indoor golf simulators or golf entertainment venues like Topgolf and Drive Shack.

What are the most expensive areas to operate a golf course?

Golf course pros look at added issues that separate courses from other types of real estate. One owner with courses in California and Mexico — among the most expensive areas to operate a golf course, given the climate — says when he looks at a new course, he thinks what could break and need costly repairs over the next three years.

Which golf courses are worth more than anything else?

There are a few exceptions. “There are two golf courses in the world that are worth more as a course than anything else,” Woolson says. “Augusta and St. Andrews. Most are rarely worth anything close. Cypress Point? Think of the homes you could put on that!”

Is buying a golf course a profitable business?

Buying a golf course is often a passion play. But with the right business savvy, it can also be a profitable enterprise.

Is $100 a good tee time?

A $100 tee time in the evening could be way more profitable than a $200 tee time in the middle of a time slot when a company wants to host a large and profitable corporate outing.

Can a bank finance a golf course?

Given the risk of operating a golf course profitably, there are not many lenders — and few traditional bank lenders — willing to finance the purchase of a golf course, particularly by a first-time owner.

Is buying a golf course a real estate transaction?

While buying a golf course is a real estate transaction, golf courses aren’t like traditional real estate. “Golf is a business opportunity attached to a piece of land if the land has no other use,” says Jeff Woolson, managing director of CBRE’s Golf & Resort Group.

How big is a golf fairway?

According to the GCSAA, about 31.8 acres is the required size to design a fairway. The fairway occupies almost 29% of a golf course.

Why is a par 3 golf course considered a par 3?

A hole is given a Par 3 ranking because the course designer believes a total of 3 strokes are definitely achievable with enough skill.

How much of a golf course is tees and greens?

5% of the total golf course is allotted to the most significant part of the golf course known as the tees and the greens. This area scales around 6 acres. After the main elements of the course are planned, the golf course should also account for the clubhouse, storage, and parking areas.

What is a PGA tour?

PGA tours are considered the ultimate professional golf tournaments. PGA tours generally follow all the USGA rules to a tee.

What is a golf course?

A golf course is a field or a ground in which the game of golf is played. The grounds enclose a series of holes each consisting of a ‘fairway’ surrounded by the green. The rough and several ‘hazards’ included in the out of play area, the greens and tees, occupy approximately 5% of the total space. Seemingly simple, golf courses vary not only in ...

What is a Project X HZRDUS shaft?

What is the Project X HZRDUS Black Fairway Wood shaft? Project X HZRDUS Black Fairway Wood shaft is a low spin golf shaft design. It comes with enhanced firmness over the entire length of the shaft....

What is rough golf?

Rough is an area that every golf player tries to avoid having their ball in. Only superintendents and the maintenance crew deal with the rough on a regular basis. It’s very important to maintain the roughs properly and in perfect condition.

What generation is golf?

According to a 2013 National Golf Foundation Survey, the demographics of golf break down as follows: 11% of golfers are members of the Silent Generation (born before 1946), 27% of golfers are Boomers (born 1946-1964), 27% of golfers are members of Generation X (born 1965-1979), 29% of golfers are members of Generation Y (1980-1999) and 6% of golfers are members of Generation Z (born after 1999).

Why do golf clubs offer special packages?

Many golf clubs offer special packages for midweek, weekend, or senior golfers to boost their membership numbers. The purpose of these packages is to draw golfers to your course during slow times.

What did Mark Twain say about golf?

As Mark Twain said when reading his obituary, “rumors of my death have been greatly exaggerated.” So too with the death of golf. Golf is one of the few sports that people can pick up in childhood and play well past the time their bodies have failed them in the sports of their youth. I can’t tell you how many golfers with repaired rotator cuffs, replaced knees and artificial hips I play golf with.

What does it mean to look at a well-manicured golf course?

Looking at a well-manicured golf course creates a peaceful feeling until you play some challenging golf. Being an owner of a golf course can fill you with loads of pride but can lead to financial difficulties.

Why are golf courses abandoned?

Many a golf course has been abandoned during economic downturns due to the high cost of keeping it alive and prospering.

What would happen if you had honest hard working people in charge and the right golf course for the population base?

If you have honest hard working people in charge and the right golf course for the population base you could do very well and have fun doing it.

What are the most common income streams?

The most common income streams are green fees, membership fees, pro shop sales, and food and beverage sales.

Why do people join the NGF?

People join the NGF because they believe in being smarter about the golf industry.   They want to stay on top of trends and have access to the industry’s most accurate and objective measures of the game’s vitality. Joining the NGF means connecting with a community of like-minded individuals who support the NGF’s efforts to influence golf’s ...

How many months were golf down in 2018?

2018 Reports. Rounds of golf in the U.S. were down, year-over-year, in 11 of 12 months in 2018, affected in large part by colder weather and heavier precipitation than normal during the busiest months for golf... Click here to read more.

What is golf report?

Track the changes in golf rounds played each month. Reports include year-over-year changes for national, regional and local rounds.