Golf’s Off-Course to On-Course Pathway

Traditional stop-and-swat driving ranges have been around for generations, but the "off-course" golf business has experienced an unprecedented movement over the past decade that really started with Topgolf's expansion. For many, Topgolf has become the driving range of the modern era -- a socially-focused sports entertainment complex that pairs a high-tech golf offering in climate-controlled hitting bays with music and F&B. Topgolf's growth and success catalyzed the evolution of everything from mini golf (and places like Popstroke, Puttery and PuttShack) to commercial indoor simulator businesses (Five Iron Golf, X-Golf, GOLFZON, etc.), and now existing golf facilities, some of ...