U.S. Golf Facility Investments Total Nearly $1.8B Annually

Where is the big investment in golf coming from on the facility side? Not from the construction of new golf courses. In the past five years, the total supply of U.S. golf courses has gone down 5%, a byproduct of the natural correction that's been driven by the overbuild in a market that has more than five times the number of courses as any other country in the world. No, the real investment, beyond the handfuls of exciting new golf courses we might read about, is in upgrades, improvements, renovations and restorations at existing facilities. It's an ongoing effort to ...