Course revenues down 8% in March, PerformanceTrak finds

Revenues at U.S. golf facilities fell by 8 percent in March, compared to the previous year, according to the PGA PerformanceTrak survey.
 
Median gross revenue per facility was $99,588 in March, down from $108, 221 in March 2008. The median means there are an equal number of clubs with more revenue and an equal number with less.
 
According to the PerformanceTrak survey, which compiles the information in conjunction with the National Golf Course Owners Association, almost 2,700 golf facilities participated in the survey.
 
For the month of March, median golf fee revenue fell 10.7 percent, merchandise revenue dropped 17.4 percent and food and beverage revenue was down 6.2 percent, according to the survey. 
 
For the first quarter of the year, median total revenue per facility was down 4.0 percent for the same period in 2008. Median numbers in every revenue category showed drops: Golf fees (-8.2 percent), merchandise(-13.9 percent) and food and beverage (-1.7 percent).  

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