Industry Analysis & Industry Trends
Over the five years to 2015, the Golf Courses and Country Clubs industry has struggled to make par due to the lingering effects of the recession and a declining interest in golf, specifically among the younger generation. High unemployment and lower consumer spending pushed down membership and golf course usage through 2011, causing industry revenue to decline. In the coming years, despite the diminishing popularity of golf, the industry is set to experience slow but steady growth... purchase to read more
Industry Report - Starting a New Business Chapter
The industry's barriers to entry are high. There are various costs for new entrants associated with purchasing land and developing a golf course or country club. It is very costly to build, develop and maintain a golf course and the associated country club facilities, and the industry has high machinery and equipment costs.
New firms also have difficulty establishing their golf course and country club services in the marketplace because of the high number of competitors promoting their existing facilities. The industry is somewhat saturated at the moment, so it is difficult for a new player to gain market share. Additionally, the high number of operators marketing their facilities makes it difficult to break through the clutter... purchase to read more