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          1. Golf Courses Industry Profile

            Report Page Length: 10-12
            Last Quarterly Update: 8/31/2020
            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. Major companies include American Golf, Arcis Golf, Billy Casper Golf, ClubCorp, KemperSports, and Troon Golf (all based in the US); as well as Accordia Golf (Japan), Bluegreen (France), ClubLink (Canada), and Pacific Golf Management (New Zealand).

            The world has nearly 39,000 golf courses. The US has the most courses and the most golfers. Other countries with high levels of golf participation include the UK, Japan, Canada, Australia, Germany, and France.

            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 15% 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 membership dues (40% of industry revenue), green and guest fees (20%), and sales of food and drinks (20%). Other sources of revenue include merchandise sales and equipment rentals.

            Golf courses can be classified as private or open to the public. Private courses may be associated with ...

             
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