Golf courses around the world generate billions of dollars in revenue each year. According to a report by IbisWorld, global golf course and country club revenues are estimated at $30 billion annually. In the US alone, this industry generates about $22 billion per year according to Statista. The Asia-Pacific region is projected to reach golf course revenues of over $3.7 billion by 2027 as reported by Research on Indonesia.
Green fees account for 36% of total golf revenue while annual dues make up 30%. Food and beverage services contribute significantly with 55% of US courses offering such services, resulting in increased overall revenue for these facilities. Golf also has an economic impact beyond just its own sector; it contributes approximately $84 billion into the economy every year in America alone according to We Are Golf's research findings from 2019/2020 season data analysis reports .
The average annual revenue per golf course varies across countries - McKinsey & Company found that it was approximately 1$252 million in the United States whereas Deloitte’s European Golf Course Operators Report revealed that 5.5% gross revenues were derived from weddings and other events held at UK clubs or courses . Canada’s IBIS World Market Size report estimates 2021 segmental revenues at 3$billion whilst Mallorca Spotlight states 15-20k tourists visit Spain generating 25million euros yearly through their visits . Online tee time reservation platforms have seen growth rates exceeding 20%, contributing further towards higher income levels within this sector , however due to travel restrictions caused by Covid 19 Australian Courses saw a drop off international tourism related earnings amounting too roughly 30%. UAE recorded 73 million AED (approx 18m USD) worth of business during 2019 with 50Million attributed directly too member dues whilst South Africa earned 565 Million USD back 2010 when last surveyed officially . Ireland experienced 8 % increase since 2014 where German counterparts suffered 11 % decrease between 2011 – 14 period respectively .. Finally NGF statistics show number rounds played increasing 25 percent leading greater returns despite pandemic conditions.. All evidence points toward continued success if not accelerated growth potential especially those who offer hotel accommodations which can result upto 30 percent uplift compared non lodging venues..
This statistic is a testament to the immense popularity of golf courses worldwide. It speaks to the sheer size of the industry and the amount of money that is generated from it. It is a powerful indicator of the economic impact of golf courses and the importance of the industry to the global economy.
The US golf course industry generates about $22 billion each year.
This statistic is a testament to the immense economic impact of the US golf course industry. It highlights the sheer magnitude of the revenue generated by golf courses each year, demonstrating the industry’s importance to the US economy.
Golf Course Revenue Statistics Overview
36% of total golf revenue is derived from green fees.
This statistic is a key indicator of the importance of green fees to the overall golf revenue. It demonstrates that green fees are a major source of income for golf courses, and that golf courses rely heavily on them to generate revenue. This is an important point to consider when discussing golf course revenue statistics, as it highlights the importance of green fees to the industry.
Golf course revenues, along with other golf-related businesses, have a total economic impact of $84 billion in the US.
This statistic is a testament to the immense economic power of the golf industry in the US. It highlights the fact that golf courses and related businesses are a major contributor to the US economy, generating a staggering $84 billion in revenue. This figure is a clear indication of the importance of golf courses and related businesses to the US economy, and serves as a reminder of the need to ensure their continued success.
The average annual revenue per golf course in the US is approximately $1.252 million.
This statistic is a valuable insight into the financial success of golf courses in the US. It provides a clear indication of the average revenue generated by golf courses in the US, which can be used to compare the performance of individual courses and to identify trends in the industry. This information can be used to inform decisions about investments in golf courses, as well as to inform marketing and operational strategies. Furthermore, it can be used to inform blog posts about golf course revenue statistics, providing readers with a comprehensive overview of the financial health of the industry.
55% of golf courses in the US offer food and beverage services, contributing to increased overall revenue.
This statistic is indicative of the potential for golf courses to increase their overall revenue by offering food and beverage services. With 55% of golf courses already taking advantage of this opportunity, it is clear that this is a viable option for golf courses to explore in order to increase their revenue.
Annual dues account for 30% of golf facility revenue in the US.
This statistic is a telling indication of the importance of annual dues to golf facility revenue in the US. It highlights the significance of this revenue stream and its potential to contribute to the overall success of golf courses. This information is essential for any blog post about golf course revenue statistics, as it provides a valuable insight into the financial health of the industry.
5.5% of UK golf courses’ gross revenues are from weddings and other events.
This statistic is a telling indication of the potential for golf courses to generate revenue from weddings and other events. It highlights the importance of golf courses diversifying their income streams and capitalizing on the opportunity to host events. This could be a great way for golf courses to increase their profits and remain competitive in the industry.
The average annual revenue of public golf facilities in the UK is £679,000.
This statistic is a valuable insight into the financial health of public golf facilities in the UK. It provides a benchmark for golf course owners to measure their own performance against, and can be used to identify areas of improvement or potential growth. Additionally, it can be used to compare the performance of different golf courses and to identify trends in the industry. Ultimately, this statistic is an important indicator of the overall health of the UK golf industry.
The golf course segment in Canada has a revenue of $3 billion in 2021.
This statistic is a testament to the immense success of the golf course segment in Canada, demonstrating that it has achieved a staggering $3 billion in revenue in 2021. It is a clear indication that golf courses in Canada are thriving and that the industry is in a healthy state. This statistic is an invaluable piece of information for anyone interested in the golf course industry in Canada, providing a valuable insight into the current state of the sector.
Mallorca, a popular golf destination in Spain, welcomes 15-20k golf tourists per annum, generating around 25 million euros in revenue.
This statistic is a shining example of the potential that golf courses have to generate significant revenue. Mallorca's success in welcoming 15-20k golf tourists each year and generating 25 million euros in revenue is a testament to the financial benefits that golf courses can bring to a region.
Online tee-time reservation platforms report growth of over 20% of booking volume each year, contributing to higher golf course revenues.
This statistic is a testament to the success of online tee-time reservation platforms, demonstrating their ability to drive growth in golf course revenues. It highlights the importance of these platforms in the modern golfing landscape, and serves as a reminder of the potential for golf courses to increase their revenues through the use of such technology.
UAE golf course revenues in 2019 were over AED 73 million, with over AED 50 million attributed to member dues.
This statistic is a testament to the success of golf courses in the UAE in 2019, with a staggering AED 73 million in revenue and AED 50 million coming from member dues alone. It is a clear indication that golf courses in the UAE are thriving and that golfers are willing to invest in their sport. This statistic is an important piece of information for anyone interested in the financial success of golf courses in the UAE, and it is a great starting point for further research into the topic.
Revenue from golf in South Africa was estimated at $565 million in 2010.
This statistic is a telling indication of the financial success of golf in South Africa. It demonstrates that golf is a lucrative industry in the country, and that it is a popular pastime for many South Africans. This statistic is an important piece of information for anyone looking to gain insight into the golf industry in South Africa, and its potential for growth.
Golf course and club revenues in Ireland have grown by 8% since 2014.
This statistic is a testament to the increasing popularity of golf in Ireland. It shows that golf courses and clubs are experiencing a steady growth in revenue, indicating that more and more people are taking up the sport. This is great news for the golf industry in Ireland, as it means that more people are enjoying the game and that the industry is thriving.
German golf courses revenue declined by 11% between 2011 and 2014.
This statistic is a telling indication of the state of the German golf course industry. It demonstrates that, despite the growth of the sport in other countries, the revenue generated by German golf courses has been on the decline in recent years. This is an important piece of information for anyone interested in the financial health of the golf course industry in Germany, and provides a valuable insight into the current state of the market.
Golf courses with hotel accommodations report a 20-30% uplift in revenue compared to those without lodging.
This statistic is a powerful indicator of the potential for golf courses to increase their revenue by providing hotel accommodations. It suggests that golf courses with lodging can expect to see a significant boost in their income, making it a valuable piece of information for those looking to maximize their profits.
Conclusion
Golf courses around the world generate an estimated $30 billion in annual revenue, with the US golf course industry alone generating about $22 billion each year. The Asia-Pacific region is projected to reach golf course revenues of over $3.7 billion by 2027 and green fees account for 36% of total global golf revenue. Golf courses have a total economic impact of up to $84 billion in the US, while average annual revenue per golf course varies from country to country - ranging from £679,000 in the UK to approximately 1.252 million USD in America.
Food and beverage services contribute significantly towards increased overall revenues at 55% of American facilities; whereas weddings and other events make up 5.5% gross revenues for UK clubs on average annually. Annual dues are also a major source of income accounting for 30% or more depending on location; as well as online tee time reservations which report growths upwards of 20%.
Despite this however international tourism has been affected due to travel restrictions resulting in drops such as those seen last year when Australian courses reported losses close to 30%. It appears that despite some challenges faced by certain countries during 2020/2021 there is still potential for growth within this sector particularly through hotel accommodations which can lead upto a 30 % uplift compared with non lodging venues – something that could be explored further going forward into 2022 and beyond..
References
0. - https://www.ngcoa.ca
1. - https://www.ibisworld.com
2. - https://www.thegolfbusiness.co.uk
3. - https://www.bizcommunity.com
4. - https://www.mckinsey.com
5. - https://www.wearegolf.org
6. - https://www.brsbd.com
7. - https://www.mallorca-spotlight.com
8. - https://www.arabianbusiness.com
9. - https://www.statista.com
10. - https://www..deloitte.com
