• Announcements

    • iacas

      Visit FlagstickRule.com   03/13/2017

      Visit the site flagstickrule.com to read about and sign a petition for the USGA/R&A regarding the one terrible rule in the proposed "modernized" rules for 2019.
Sign in to follow this  
Followers 0
mvmac

Golf Business is Growing

5 posts in this topic

Really great to hear this.  I know it was really bad a couple years ago and people were very pessimistic about the business.  Good to see golfers are playing and spending more.  Thanks Tiger! Golf's 25 Billion Market Rides Economy to Gain on Woods Return

Quote:

Golf in the U.S. is growing for the first time in five years as an economic recovery strengthens enough to be measured in the clubs, cleats and plaid shorts that fuel the sport’s $25 billion consumer market.

The number of rounds played on American golf courses has climbed for four straight months through February. Club maker Callaway Golf Co. (ELY) ( ELY ) , mower-maker Toro Co. (TTC) ( TTC ) and Nike Inc. (NKE) ( NKE ) , which makes golf gear and clothes, are registering revenue growth and stock gains outpacing the Standard & Poor’s 500 Index.

The rebound is reflected on the links. Americans are feeling secure enough in their jobs to increase leisure spending, returning to a sport basking in the media spotlight with this week’s Masters Tournament and Tiger Woods’s first PGA victory in more than two years.

“It will probably be the strongest year since the recession,” Cindy Davis, president of the golf unit of Beaverton, Oregon-based Nike, said in an interview. “I’d say it’s definitely one of the indicators that maybe consumer confidence is coming back.”

In the past few years, rounds played on U.S. courses dwindled as unemployment surged to 10 percent in 2009, and golf courses closed after a building boom mirroring the housing bubble that started to burst in 2006.

The number of golfers dropped to 26.1 million in 2011 from about 30 million in the middle of last decade, said Greg Nathan, a senior vice president for the National Golf Foundation.

“We were bouncing along the bottom and expect we’ll see a modest recovery in 2012,” said Nathan. “The signs since the beginning of the year have been positive.”

‘Tiger is Back’

Sales of clubs, balls, shoes and other equipment measured from 600 pro shops and 250 off-course golf specialty stores rose 1.3 percent last year to $2.41 billion, reversing a slide since 2007, said Tom Stine, co-founder of Golf Datatech LLC, which provides statistics on golf-related sales.

Sales probably will accelerate this year, he said, though they remain below the 2007 peak of $2.91 billion.

“There’s been a lot more attention being paid to the PGA tour this year,” Stine said. “Tiger is back playing a lot.”

Textron Inc.’s (TXT) ( TXT ) Jacobsen unit, which sells golf mowers, sprayers and machines that rake sand bunkers, has seen purchases increase as returning players bolster golf courses’ budgets.

“We’re pretty much riding the wave of the economy right now,” said Glenn King, marketing manager for Jacobsen. “We’re seeing a lot of pent-up demand.”

“We are rebounding and like what we’re seeing in terms of the recovery,” he said.

Nike Golf’s Davis, who took over as the unit’s president at the beginning of 2009 when the industry was in free fall, finally will reap the benefit of new club and ball designs that the company invested in during the lean years.

“It’s going to be a good year for Nike Golf,” Davis said. “It will be a year where the industry will see more positives than it has in the past three years.”

1

Share this post


Link to post
Share on other sites
Awards, Achievements, and Accolades

Sign up (or log in) today! It's free (and you won't see this ad anymore)!

Sign up (or log in) today! It's free (and you won't see this ad anymore)!

The public courses here in Socal seem to be doing Ok.  I've noticed that many are no longer over seeding the rough - or fairways to save money.  But with that - I've also noticed that there seems to be poor course conditions.  I'm hoping that things get better so that they can put money back into the courses.

0

Share this post


Link to post
Share on other sites
Awards, Achievements, and Accolades

My local club seems to be doing very well.  Today when I pulled up to play, there were no parking spaces left and all of the golf carts were out on the course.  I was walking, so it didn't matter, but with the 75 degree weekend we're having, it's naturally going to be busy.  I would guess that any time you don't have a cart left to rent out, that's a good sign for the course's financials.

They've been doing some good work on the course over the fall and winter as well.  Trimming a bunch of trees and brush and just generally cleaning the place up a lot.  New yardage markers on the sides, replacing the colored bird houses that were falling apart.  And now there's the war with the mole.  He was on #9, but was attacked, so he's retreated to #14.  So they're in a fight trying to get him out of there, because he's getting dangerously close to the green.

They built a new set of tee boxes on #8 and now are just waiting on the the sprinklers to come be installed and we should be playing the new tee boxes this spring.

0

Share this post


Link to post
Share on other sites

Originally Posted by Bullitt5339

My local club seems to be doing very well.  Today when I pulled up to play, there were no parking spaces left and all of the golf carts were out on the course.  I was walking, so it didn't matter, but with the 75 degree weekend we're having, it's naturally going to be busy.  I would guess that any time you don't have a cart left to rent out, that's a good sign for the course's financials.

They've been doing some good work on the course over the fall and winter as well.  Trimming a bunch of trees and brush and just generally cleaning the place up a lot.  New yardage markers on the sides, replacing the colored bird houses that were falling apart.  And now there's the war with the mole.  He was on #9, but was attacked, so he's retreated to #14.  So they're in a fight trying to get him out of there, because he's getting dangerously close to the green.

They built a new set of tee boxes on #8 and now are just waiting on the the sprinklers to come be installed and we should be playing the new tee boxes this spring.

Time to call Bill Murray!!

0

Share this post


Link to post
Share on other sites
Awards, Achievements, and Accolades

I have noticed that a few courses around me have said they have seen an increase in rounds for the year 2012 which has been a growing trend throughout the year.

0

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!


Register a new account

Sign in

Already have an account? Sign in here.


Sign In Now
Sign in to follow this  
Followers 0



  • Want to join this community?

    We'd love to have you!

    Sign Up
  • 2017 TST Partners

    PING Golf
    Leupold Golf
    Snell Golf
    Talamore Golf Resort
    Lowest Score Wins
  • Posts

    • To those who constantly repeat that the jeans shouldn't be worn because they are uncomfortable:  They may not be comfortable for YOU (although I really don't get this unless it's a climate issue), but your comfort and mine or another's are not equal.  I've worn jeans as my leg-wear of choice my entire life, both for work and play.  The same is true of 95% of the people I've worked and played with.   I don't wear them when it's 95° out (I usually wear neat cargo shorts), but I do play a LOT of golf in 50° and 60° weather, and they are perfect for that.  They are tough and take a lot of punishment, but are easy to clean.  They offer many different fits, so comfort and freedom of movement is only compromised if you choose the wrong style.  They have a wide range of prices from Rustler, to Wrangler to Levis to designer styles.   I wear Wranglers mostly, relaxed fit, and I can't imagine anything better for all around wear.  I wear them to work in the yard.  I wear them camping and fishing.  I wear them when we go out in the evening.  I wear them until the summer heat dictates shorts, but even then I will sometimes change back to jeans on cool summer nights here on the high plains or in the mountains. League this evening will probably be jeans, as the high today is forecast to be only 60°.  I'll wait and see if it's cargo shorts or denim, but those are really the only choices I'll have to make.  I choose not to play at venues where my preferences are under a decree of prohibition.  There are plenty of really good golf courses which adhere to a more unfettered point of view.
    • Possibly will be going to Barcelona Spain, middle of January.  My wife has her annual meeting over there this year.  Weather doesn't look like it will be great for golf though.  High's typically in the mid-50's.  But any recommendations for golf if we can get in a couple of rounds?
    • Frankly, I'm starting to think that dress codes have become necessary since people refuse to dress appropriately on their own.  Defendants showing up to court in shorts and shirts with the sleeves cut off is indicative of a problem.  A golf course doesn't need to be quite so formal, though. I have pretty minimal views of what is "respectful" on a golf course.  I personally generally wear long pants (sometimes shorts) and a collared shirt, but that's probably due to advances in textiles.  When I was younger, I wore jeans shorts and tee shirts to the local muni because that's what I had that would be remotely comfortable.   Since my friends and I were pretty much the only ones on the course one particular day when our school was the only one not having classes, we decided to take our shirts off and get a tan while golfing.  We were reprimanded by an employee and told to put them back I.  Looking back, I think this was the correct thing to do.  We were just trying to get tans, not be disrespectful, but I think the correction was warranted. I think a Course has the right to apply and enforce a dress code.  I'd hope that they relax it a bit if a visitor were unaware of it when first playing.  If a course does not want a dress code, good for them.  If you think the clientele at your local course is dressed in appropriately, speak with an employee about how you think people should be dressed, state that you will not patronize a place that allows such horrible cretins to breathe the same air as you, and then do not return.  The free market will decide if your business was important enough for them to force your opinions on others.
    • Thanks for sharing.   This is some great information.
    • Fascinating thread, shows how the generations view the world among other factors? And many of the views use extremes to make their point, e.g. cut off jeans, ratty T-shirts. I'm still baffled with the objection to cargo shorts, not the huge baggy ones, but the ones that are the same cut as "golf shorts" with extra pockets on the front. I also don't see how tucking in your shirt or having a collar have much to do with golf. I guess back when players wore plus fours and ties they were outraged at what's acceptable golf attire to much of today's older generation. Again, the Boomers and older generations are keeping younger generations away in droves by clinging to old norms IMHO. The sport will decline further/faster if that persists? Golf is more expensive and takes longer than many competing pastimes, is it really necessary to exacerbate the problem because someone otherwise neatly dressed doesn't have their shirt tucked in with a belt on?
  • TST Blog Entries

  • Blog Entries

  • Today's Birthdays

    1. Just trying
      Just trying
      (33 years old)
    2. Peter_b
      Peter_b
      (45 years old)
    3. SACgolf
      SACgolf
      (51 years old)
    4. Weluvgolf
      Weluvgolf
      (53 years old)
  • Get Great Gear with Amazon