Golf and the Economy. Economic impact, Private Clubs, And Small Markets. Private Clubs?. Memberships Fees are key Mainly for avid golfers 3,000 to 500,000 dollars a year to join 14% of golfers in the U.S. belong to a private club. Economy’s Impact.
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Memberships Fees are key
Mainly for avid golfers
3,000 to 500,000 dollars a year to join
14% of golfers in the U.S. belong to a private club
Last 5 years golf participation dropped around 11%
Supply and Demand?
On average a private club lost between 5 and 15% percent of memberships.
Lost on average of about 187,000 dollars annually
In 2009 140 of the nation’s courses closed and only 50 new opened up. The fewest since the 1980’s.
Pro Shop losses
Fewer Rounds Played (Chart)
Board of Directors
Club House Staff
Course Maintenance staff
Loyalty drive small market courses
Can succeed if they stay loyal