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State of the Industry
Part
icip
an
ts (
MM
)
Source: NGF golf participation study - 1990 is a calculated average of 1989 and 1991
Long-term Participation Trend
Source: NGF golf participation study
Participants (MM) Recessionary effect
Participant Gains v. Losses
+2.0% or higher+1.9% to -1.9%-2.0% or lower
(% Change from previous year)
Pacific(+1.6%)
Source: Golf Datatech National Rounds Played Report in cooperation with PGA Performance Trak and the NGF.Based on a sample of approximately 4,000 reporting facilities
Rounds played – 2012 (up 5.7% nationally)
Mountain+7.0%
W. N Central+7.6%
E. N. Central+10.8%
So. Central(+5.0%)
So. Atlantic(+2.4%)
Mid Atlantic(+10.1%)
New England(+3.2%)
Rounds played – 2012 (Public Facility Concentration 2012 U.S.)
Mid Atlantic
(+10.1%)
West N Central(+7.6%) East N
Central(+10.8%)
Source: Golf Datatech National Rounds Played Report and NGF golf facility database.
Highlighted area contains almost half (47%) of the
nation’s public golf facilities.
Rounds volume
Source: NGF Facility Tracking
Course openings18-hole equivalents
Course closures
Source: NGF Facility Tracking
2012 Closures:
PUBLIC: 139.0 (90%)
Daily Fee: 130.5 (84%)Municipal: 8.5 (6%)
PRIVATE: 15.5 (10%)
REAL ESTATE: 34.5 (22%, incl. both public and private)
18-hole equivalents
Net Change = openings minus closures (in 18-hole equivalents)
Net change in supply
Source: NGF Facility Tracking
18-hole equivalents
Rounds & golf course supply
Source: NGF/Golf Datatech
Course Supply (18
hole equiv.)
Rounds Per 18 hole equiv.
% Change in rounds (from
previous year)(-3.0%) (-1.5%)(0.9%) (0.0%) (0.3%) (-0.6%)(-1.8%)(-0.6%)(-2.3%)(-2.5%)
Decade-12.1%
Decade +1.7%
(5.7%)
We have seen very little change in the range size proportions since 2000:
2012
Continued contraction in range supply
Retail supply 5-year trend
Retail – 2012 snapshot
1,078 Doors
8.5 mm Sq. Ft.
Domestic – club shipments
Domestic – ball shipments
(1) Excluding capital expenditures and water
Facility maintenance budget index
YE = Year EndMY = Mid Year
Turf maintenance equipment
Consumer Confidence Index
Source: The Conference Board
Through May 2013
Index currently stands at 76.2
90 = normal
Consumer spending
Source: Gallup
May -13$92
Source: Bureau of Economic Analysis
Consumer Spending Improving
Real Personal Consumption Expenditure Index
[Index numbers, 2005=100] Seasonally
adjusted
Source: S&P 500 / Case Shiller
Recessionary Impact on Net Worth
S&P 500 and Case-Shiller Home Value Indices
S&P 500 Index Case-Shiller Home Value Index (year 2000 as 100)
Overall takeaways
Golf continues to slowly recover from the effects of the Great Recession
Outlook for 2013 is modestly – and cautiously– optimistic
Golf’s economic recovery remains dependent on the recovery of the overall economy and continued increases in consumer confidence and spending
State of the Industry