Industry Analysis & Industry Trends
The industry has rebounded slowly after the recession kept golf clubs collecting dust in the garage. This trend will continue through 2019 as disposable income continues to increase and corporate profit continues to rise. However, as Canadians resume work, their leisure time will decline, which may slow revenue growth... purchase to read more
Industry Report - Industry Analysis Chapter
Demand for the Golf Courses and Country Clubs industry has fluctuated over the past five years. The recession that continued through 2009 hindered some demand. Industry companies rely on households and businesses as their major markets. Therefore, when consumer spending and corporate profit are low, demand for playing golf or acquiring a country club membership diminishes. Because industry products and services are discretionary goods, during economic downturns, households and businesses attempt to reduce their spending by eliminating nonessential purchases, such as golf outings.
That said, the Canadian economy began to stabilize in mid-2009, which helped offset greater revenue declines... purchase to read more