Page 30 - Golf Champion - February 2021

[GOLF NEWS]

US GOLF COURSES AND COUNTRY CLUBS INDUSTRY TO

HIT $23.3B IN REVENUE IN 2021

미국 골프 코스 및 컨트리 클럽 산업, 2021년 매출 233억 달러 달성

he United States golf market has witnessed a steady positively before the pandemic, with revenues reaching
Tgrowth before the coronavirus pandemic, with more $23.2bn and $23.5bn in 2018 and 2019, respectively.
than 24 million participants and $23.5bn in revenue Although the pandemic caused a 2.5% year-over-year
in 2019. Although US golf revenues dipped amid the drop to $22.9bn in revenue in 2020, the benefits of being
COVID-19 lockdown, the entire industry is expected to a social distance-friendly activity are expected to drive
recover in 2021 and continue growing in the following the market growth in the following years. By 2024, the US
years. golf courses and country clubs are expected to generate
According to data presented by SafeBettingSites.com, $24.6bn in revenue.
the US golf courses and country clubs industry is forecast However, Statista data showed the number of businesses
to generate $23.3bn in revenue this year. operating in the US market decreased in the last ten
years. In 2010, there were 10,973 golf courses and
Revenues Grow, the Number of Golf Courses and country clubs in the country. Over the next five years,
Country Clubs Falls this figure dropped to 10,335. Statistics show the number
In 2012, the US golf courses and country clubs market of businesses in the US market stood at 9,677 in 2020, an
generated $20.8bn in revenue, revealed Statista and 11% drop in ten years.
US Census Bureau data. Over the next three years, this
figure rose to $21.8bn. Troon, ClubCorp, and Indigo Golf Partners top the List of
Statistics show the entire industry was trending the Golf Management Companies

Industry revenue of golf courses
and country clubs in the United
States, from 2012 to 2024 (in
billion U.S. dollars)

Number of golf courses and country
clubs in the United States from 2010
to 2020

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