U.S. Course Openings Stagnant

Published in the June 2013 Issue Published online: Jun 02, 2013

If you find yourself in a part of the United States where a new golf course opened its doors in 2012, consider yourself in rare company.

According to initial information from the National Golf Foundation, only 13.5 new golf courses (defined as 18-hole equivalents) opened in 2012 vs. 154.5 course closures. This marks the seventh straight year that more golf courses closed than opened in the U.S.

In advance of a more exhaustive study of this data by the NGF set to be released later this year, the early numbers shouldn’t come as any surprise. Since what the NGF calls a “market correction” began in 2006, there has been a cumulative net reduction of 499.5 golf courses. As significant as that is, it still represents only an overall drop of 3.3 percent from the peak supply year of 2005.

Source: www.gcsaa.com