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re: Are we at “PEAK” Golf?

Posted on 7/17/23 at 10:20 am to
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
77264 posts
Posted on 7/17/23 at 10:20 am to
We’re going to see how patient people are. These 5 and a half hour plus rounds may turn some people off.

The economy is always going to affect golf courses and membership numbers of private clubs.

Most people I know who are not members of a private club are not too fond of these nearly 6 hour rounds at courses that are over $125 that used to be $65 just a few years ago.
Posted by patnuh
South LA
Member since Sep 2005
7284 posts
Posted on 7/17/23 at 11:24 am to
quote:

The economy is always going to affect golf courses and membership numbers of private clubs.


We are looking at a move to Charlotte and I’ve been investigating the CC scene. 2-3 year waitlists w/$30k-60k initiation fees. I’d rather spend $5k-10k on a launch monitor indoor setup.
Posted by Jaspermac
Texas
Member since Aug 2018
473 posts
Posted on 7/17/23 at 11:24 am to
Baby boomers retiring everyday is helping the overall game for sure.
Posted by hiltacular
NYC
Member since Jan 2011
19964 posts
Posted on 7/17/23 at 1:06 pm to
Golf has definitely never been "cooler" than it is currently as ridiculous as that sounds. I still think we have a ways to go up, the youtube/tik tok generation hasn't reached the age yet where they would really be impacting the numbers on courses.
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
77264 posts
Posted on 7/17/23 at 4:24 pm to
quote:

still think we have a ways to go up,



Well then there’s going to have to be a surge in courses being built. If it’s classic supply and demand there are simply not enough golf courses available.

Looking back it’s just weird to think not even 15 years ago courses were rampantly closing down across the country.

Maybe the late millennials (current 40-42 year olds) and Gen X weren’t as interested in golf in mid to late 2000’s?
Posted by hiltacular
NYC
Member since Jan 2011
19964 posts
Posted on 7/17/23 at 4:24 pm to
quote:

Well then there’s going to have to be a surge in courses being built. If it’s classic supply and demand there are simply not enough golf courses available.


Oh its gonna be a problem granted it already is
Posted by LSU5508
New Orleans
Member since Nov 2007
3716 posts
Posted on 7/18/23 at 10:56 pm to
quote:

Well then there’s going to have to be a surge in courses being built. If it’s classic supply and demand there are simply not enough golf courses available.


Obviously this may not apply to every market but according to the NGF, 1000 more golf courses still need to close to bring supply and demand into equilibrium.
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