Golf course revenues fall again in April

Revenues at U.S. golf courses fell again in April, according to the PGA PerformanceTrak survey.

 

The report showed that the median total revenue in April dropped 5.9 percent, to $146,227, compared to the same month in 2008. The median number means that there are an equal number of clubs above and below that figure.

 

It marked the second consecutive month that revenues were down. The median revenue in March dropped to $99,588, down 8.0 percent from March 2008.

 

For April, median merchandise revenue showed the biggest drop, down 18.6 percent to $11,774 per club. Golf fee revenue fell 4.8 percent to $75,975. The median food and beverage revenues were down slightly, to $26,792 per facility (-0.7 percent).

 

The PGA PerformanceTrak is compiled in cooperation with the National Golf Course Owners Association.

 

For the year, total median revenues are down 4.8 percent, to $369,617 per club.

 

Here are the April PGA PerformanceTrak key performance indicators, based on revenue per rounds played at reporting clubs:

 

Private clubs                         $21.07                   $100.51

Daily fee/semiprivate               33.12                    44.49            

Municipal/military/university     24.18                    31.86

Resort                                   62.30                    90.49