State of the industry
Download
1 / 30

State of the Industry - PowerPoint PPT Presentation


  • 95 Views
  • Uploaded on

State of the Industry. 1.0 Golf Demand. Long-term Participation Trend. Participants (MM). Source: NGF golf participation study - 1990 is a calculated average of 1989 and 1991. Participant Gains v. Losses. Recessionary effect. Participants (MM). Source: NGF golf participation study.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about ' State of the Industry' - marlo


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript

1 0 golf demand

1.0 Golf Demand


Long term participation trend
Long-term Participation Trend

Participants (MM)

Source: NGF golf participation study - 1990 is a calculated average of 1989 and 1991


Participant gains v losses
Participant Gains v. Losses

Recessionary effect

Participants (MM)

Source: NGF golf participation study


Rounds played 2012 up 5 7 nationally
Rounds played – 2012 (up 5.7% nationally)

(% Change from previous year)

New England

(+3.2%)

Mountain

+7.0%

W. N Central

+7.6%

E. N. Central

+10.8%

Pacific

(+1.6%)

Mid Atlantic

(+10.1%)

So. Atlantic

(+2.4%)

+2.0% or higher

+1.9% to -1.9%

-2.0% or lower

So. Central

(+5.0%)

Source: Golf Datatech National Rounds Played Report in cooperation with PGA Performance Trak and the NGF.Based on a sample of approximately 4,000 reporting facilities


Rounds played 2012
Rounds played – 2012

(Public Facility Concentration 2012 U.S.)

West N Central

(+7.6%)

East N Central

(+10.8%)

Highlighted area contains almost half (47%) of the nation’s public golf facilities.

Mid Atlantic

(+10.1%)

Source: Golf Datatech National Rounds Played Report and NGF golf facility database.



2 0 golf supply

2.0 Golf Supply


2 1 courses facilities
2.1 Courses/Facilities


Course openings
Course openings

18-hole equivalents

Source: NGF Facility Tracking


Course closures
Course closures

18-hole equivalents

  • 2012 Closures:

  • PUBLIC: 139.0 (90%)

  • Daily Fee: 130.5 (84%)

  • Municipal: 8.5 (6%)

  • PRIVATE: 15.5 (10%)

  • REAL ESTATE: 34.5 (22%, incl. both public and private)

Source: NGF Facility Tracking


Net change in supply
Net change in supply

18-hole equivalents

Net Change = openings minus closures (in 18-hole equivalents)

Source: NGF Facility Tracking


2 2 golf supply v demand
2.2 Golf Supply v. Demand


Rounds golf course supply
Rounds & golf course supply

% Change in rounds (from previous year)

(-3.0%)

(-1.5%)

(0.9%)

(0.0%)

(0.3%)

(-0.6%)

(-1.8%)

(-0.6%)

(-2.3%)

(-2.5%)

(5.7%)

Rounds Per 18 hole equiv.

Decade

-12.1%

Course Supply (18 hole equiv.)

Decade +1.7%

Source: NGF/Golf Datatech


2 3 range retail supply
2.3 Range & Retail Supply


Continued contraction in range supply
Continued contraction in range supply

2012

We have seen very little change in the range size proportions since 2000:



Retail 2012 snapshot
Retail – 2012 snapshot

1,078 Doors

8.5 mm Sq. Ft.


3 0 industry spending

3.0 Industry Spending




Facility maintenance budget index
Facility maintenance budget index

(1) Excluding capital expenditures and water


Turf maintenance equipment
Turf maintenance equipment

YE = Year End

MY = Mid Year


4 0 consumer confidence

4.0Consumer Confidence


Consumer Confidence Index

90 = normal

Index currently stands at 76.2

Through May 2013

Source: The Conference Board


Consumer spending
Consumer spending

May -13

$92

Source: Gallup


Consumer Spending Improving

Real Personal Consumption Expenditure Index

[Index numbers, 2005=100] Seasonally adjusted

Source: Bureau of Economic Analysis


Recessionary Impact on Net Worth

S&P 500 and Case-Shiller Home Value Indices

Case-Shiller Home Value Index (year 2000 as 100)

S&P 500 Index

Source: S&P 500 / Case Shiller


Overall takeaways
Overall takeaways

  • Golf continues to slowly recover from the effects of the Great Recession

  • Outlook for 2013 is modestly – and cautiously– optimistic

  • Golf’s economic recovery remains dependent on the recovery of the overall economy and continued increases in consumer confidence and spending



ad