Golf Inc - August 2008 - (Page 29)

Other highlights of the survey from the various respondents included: Owners-Operators: • 46.8 percent said they planned to increase greens fees slightly. 49.6 percent said they would remain the same. • 41.3 percent said they would spend more than $100,000 on capital improvements in the coming year. The most common improvement was purchase of new turf equipment Officer Al Kinkle. “The only thing I can say is what is happening today with the housing industry is affecting everyone for sure. How much of an impact it will have on us, we haven’t felt that yet.” The club, however, is taking no chances. Officials have reduced or eliminated us e of gas-p owered maintenance vehicles during daylight hours, using electric carts instead. They have cut down unnecessary trips around town on company business and are closely monitoring food costs. One thing that DeLozier, Munsch and the majority of NGCOA’s multi-course owners agree on is that it appears there are investors on the horizon who still have faith in golf as a solid buy. Tinkey said that investment capital is eyeing courses owned or run by experienced multi-unit operators as an asset class worthy of investment. (50 percent). • 37.9 percent expected an increase in rounds of 1-10 percent for 2008 over 2007. 30.7 percent expect no change. Developers-builders: • 42.9 percent expect construction costs to increase slightly in the next 12 months. 38.1 percent predicted costs will increase significantly. • 50.0 percent said their next course construction project will cost more than $8 million.18.8 percent said it would run $6-8 million. Product-service vendors: • 34.9 percent said they will increase prices slightly in the next 12 months. 43.4 percent said they will remain the same and 15.7 percent will increase significantly. • 53.0 percent said the value of their business had increased since 2006. 38.6 percent said it had remained the same. Management company executives: • 47.4 percent said they expected to increase greens fees slightly at their properties in the next 12 months. 50.0 percent said they would remain the same. • 37.8 percent said they would spend between $50,000 and $100,000 in capital improvements at their courses during the coming year. 35.1 percent said they would spend more than $100,000. The most often mentioned expenditure was buying new turf equipment (73.3 percent). • 45.9 percent said less than 10 percent of their tee times are booked online. Only 13.5 percent said more than 25 percent of tee times are booked via the web. August 2008 www.GolfIncMagazine.com 29 http://www.phnarchitects.com http://www.epaeration.com http://www.epaeration.com http://www.GolfIncMagazine.com

Table of Contents Feed for the Digital Edition of Golf Inc - August 2008

Golf Inc - August 2008 Contents Editors Column Around the Industry: Big Green in Arizona Data Collectors Combine Forces GPSI Hires Chessler, Files Suit Americas Europe/Africa Asia/Australia Machrihanish Dunes Draws on the Past to Make History Again in Scotland Innovative Superintendent Finds Way to Keep the Nation's First Totally Organic Course Green Latest Clubhouse Designs Reflect Changing Lifestyles: It's All About Casual Camelback Conference Brochure More Operators Embracing Initiatives Aimed at Bringing Families Together on the Golf Course State of the Industry 2008 Muni Maddness? The Last Word

Golf Inc - August 2008

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