Revenues at U.S. golf courses continued to fall during May, according to the PGA PerformanceTrak monthly survey.
Median total revenue in May was down 3.1 percent from the same month in 2008. Total median revenues also were down for April (-5.9 percent) and March (-8.0 percent).
The median figure means there are an equal number of courses with revenues above that number and an equal number below.
Biggest drop was in merchandise revenue, which fell 12.9 percent. Food and beverage revenue was down 4.3 percent and golf fee revenues dropped 4.2 percent.
For the first five months of 2009, total median revenue fell 4.6 percent, compared to the same period in 2008. Again, merchandise revenue represented the biggest loss, down 14.9 percent. Revenues for food and beverage and golf fees each fell 3.7 percent for the first five months.