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:
Golf fee revenue Total revenue
per round played per round played
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
Source: PGA PerformanceTrak
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July 09, 2009 7:24 am GMT
Course revenue for 2009 is off 30% to 40% at many area courses. Would be in favor of a nationwide moratorium to stop rampant course construction!
July 09, 2009 5:43 am GMT
With fewer & fewer golfers now playing the game and a restricted economy forecast, it doesn't make economic or practical sense to keep building new golf courses.... which jeopardise the well being of golf, existing facilities and further dilute the already shrinking player pool. Every new course represents another nail in the coffin of the golf game. Big name designers and developers should be made aware of these thoughtless actions and subsequent negative results. In order to create a sustainable industry a moratorium should be issued to curtail further course development until we can somehow attract more people into the game.
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