August Rounds and Pre-Covid Comparisons

Given the extraordinary surge in rounds played in the second half of last year, our expectation has been that play this year in Q3 and Q4 would fall somewhere between 2020 and prior year averages. This was the case in July (-4%) and now again in August (-7%). But these results don’t mean golf demand is slipping. A year ago, before coronavirus vaccinations were rolled out, summer vacations and other activities remained limited through the end of the summer. There was also very golf-friendly weather in most parts of the country into the fall and beyond. By comparison, this year 29 ...