Exciting Update for the Golf Industry! Integra Realty Resources proudly presents our Viewpoint 2024 National Golf Courses Report written by Cary Lannin, Director, IRR-Chicago.
Report Highlights:
Post-Pandemic Boom: Witness the extraordinary resilience of the golf industry, which saw on-course participation soar to 25.6 million from 2019 to 2022. The evolution of golf continues to impress, with off-course activities also seeing a significant rise to 27.9 million. Despite a decrease in the total number of courses, this scarcity has paradoxically led to denser play, allowing for the elevation of green fees and dues.
A Year of Resilience and Challenges: 2022 highlighted the golf sector's robust recovery and ability to bounce back in rounds played, amidst the broader real estate market's volatility. The industry's strong fundamentals have kept investor interest alive, demonstrated by the rise in median sale prices of golf courses and a surge in EBITDA post-pandemic.
Optimistic Outlook: Despite the challenges in securing debt financing, the underlying strength of the golf industry signals a promising future with continued growth and attractive investment returns.
Download our report to explore detailed insights and strategies for leveraging the ongoing momentum in the golf industry. Whether you're an enthusiast or an investor, our report offers valuable perspectives on navigating the complexities and capitalizing on the opportunities within the golf sector.
Download the full report here: https://lnkd.in/e5bC5n7m
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