Golf has a problem.
Tee times.
Golf rounds were around 500 million in 2006 - that is when they started to decline.
In 2019 - there were 441 million rounds.
And golf course supply has generally followed that trend.
From 2006 to 2023, over 2,000 golf courses were closed in the United States.
And there have been 18 consecutive years of negative golf course supply.
Golf rounds were at 531 million in 2023. An increase of 90 million in just four years.
Tee times are more difficult to get, and green fees have increased.
My concern is that the growth could be stifled due to a lack of supply.
I did a survey last week (read the full piece to get all of the results).
659 people responded to the survey.
This is what surprised me most.
• 208 found it difficult to make a tee time
• 328 found it somewhat difficult to make a tee time
Of the 536 that answered the above. Nearly 60% have played fewer rounds this year.
I do think there are opportunities to help increase capacity with our current golf courses.
Check out the full piece below.
https://t.co/GlHNO9aiB0