Jupiter, Florida, United States: The National Golf Foundation (NGF), the American-based trade organisation that works with every sector within the golf industry, has released its new Golf Industry Report (GIR), a comprehensive state-of-the-industry overview.
The report compiles many of the game’s key data points in a single publication and is intended to provide the most holistic view of the business of golf and the health of the game to stakeholders and the media.
The GIR includes the latest NGF data on golf participation, engagement, rounds-played, golf course supply and development, retail supply, golf equipment sales, and golf’s reach in the United States.
Golf’s participation base remains stable, with an estimated 23.8 million people who played golf on a course in 2017 the same as a year earlier. Another 8.3 million played exclusively off-course at facilities like Topgolf, driving ranges or in indoor simulators, putting the game’s overall participant pool at more than 32 million.
The number of US non-golfers who said they are now ‘very interested’ in playing at a golf course hit a new measured high, at 14.9 million. This represents a 16% jump over 2016 and the continued increase in latent demand helped boost the number of golf newcomers (2.6 million) for the fourth year in a row.
There were 456 million rounds of golf played in 2017, an average of 19 rounds per golfer. Total golf course supply declined by 1.5%, with the opening of 15.5 new 18-hole equivalent golf courses and 205.5 course closures, in a continuation of a correction in supply and demand.
The US remains the best-supplied golf market in the world with 14,794 facilities, 75% of which are open to all players.
Other 2017 highlights from the Golf Industry Report: