Openings
In 2008, U.S. golf course developers posted the lowest number of openings in two decades. Measured in 18-hole equivalents, 72 courses opened in 2008, the National Golf Foundation reports. The economic situation, particularly the continued decline in the housing market, has and will continue to suppress golf course development activity in the U.S.
Closures
While openings continue to fall, so do course closures. There were 106 closures (in 18-hole equivalents) in 2008. Therefore, 2008 was the third year in a row with zero to slightly negative net growth in supply (openings and closures canceling each other out). Closures continue to be disproportionately public, stand-alone 9-hole facilities or short courses (executive or par-3 length) with a value price point.
Golf course openings - 2008
(in 18-hole equivalents)
|
Rounds down in November
Rounds played volume in the U.S. was down 6.7 percent in November 2008 vs. November 2007, according to the National Rounds Played Report, a joint effort of Golf Datatech, NGF, PGA of America and NGCOA. The year-to-date figure is down 1.6 percent.
Only the South Central region is in positive figures for the year (+1.6 percent), primarily due to the state of Texas which is up 7.5 percent year-to-date.
