Golf Inc. - October 2008 - (Page 12) Alagarov Estates near Moscow offers luxurious amenities to multimillionaire buyers European demographic shift OPERATIONS SUCCESS Golf continues to grow rapidly in emerging markets as industry works to attract a new generation of players golf scene teeming with new destinations and new golfers. But a precise picture of who will be playing these new courses — and the old — in many cases remains unclear. Who’s playing? Tourists or local citizens? Are they young or older? Men or women? And which countries are big winners and which are losers when it comes to golf participation? KPMG Advisor y Ltd., based in Budapest, Hungary, has been collecting golf industry data for several years and has tracked the growth of the game in Europe and other regions. 12 Golf Inc. October 2008 ic ture a sub division s elling 10,000-square-foot faux French chateaus and mini-Scottish castles in an 850-acre subdivision in the affluent suburbs. Part of the package: a championship golf course, swimming pool, community fitness center and tennis courts. Sounds like it could be any one of a dozen high-end subdivisions under development right now across the U.S. Actually, it’s the very private Agalarov Estates, 15 miles outside Moscow, where Russian multi-millionaires will be the buyers and the players. It’s part of a rapidly changing European P “Golfing across Europe has been enjoying a growth period,” said KPMG Golf Advisory Services Practice head Andrea Sartori. “Aside from the UK, golf participation continues to grow both in developed markets (e.g. Scandinavia and Ireland) in addition to those at a more infant stage in development (e.g. the Middle East and Eastern Europe).” Although participation growth rates are highest in the emerging markets, in absolute terms the biggest gains in the number of new players are in more mature markets such as Germany, Netherlands and Spain. To identify trends, Sartori rec-
Table of Contents Feed for the Digital Edition of Golf Inc. - October 2008 Golf Inc. - October 2008 Contents From the Editors: Smaller is Less Costly Survey Reveal Golf's Economic Impact in EMA Private Club Managers Earn Bigger Salaries Dyes Mourn Loss of Family Member Changing Demographics Impact European Golf Scene RDC Golf Group Finds Affordable Golf Niche Links at Summerly Offers Unique Twist Cost Crunch Most Powerful People in Golf Contractors Focus on Renovations, InternationalProjects Troon, IMG Reach Into Booming Middle East Market Americas Recap: New Player Design in Mexico Europe-Africa Recap: Moroccan Lakeside Development Asia-Australia Recap: 3 Billion Dollar Resort in Vietnam The Last Word: There's No Substitute for Good Friends on a Golf Course Golf Inc. - October 2008 Golf Inc. - October 2008 - Golf Inc. - October 2008 (Page Cover1) Golf Inc. - October 2008 - Golf Inc. - October 2008 (Page Cover2) Golf Inc. - October 2008 - Contents (Page 3) Golf Inc. - October 2008 - From the Editors: Smaller is Less Costly (Page 4) Golf Inc. - October 2008 - From the Editors: Smaller is Less Costly (Page 5) Golf Inc. - October 2008 - Survey Reveal Golf's Economic Impact in EMA (Page 6) Golf Inc. - October 2008 - Survey Reveal Golf's Economic Impact in EMA (Page 7) Golf Inc. - October 2008 - Survey Reveal Golf's Economic Impact in EMA (Page 8) Golf Inc. - October 2008 - Private Club Managers Earn Bigger Salaries (Page 9) Golf Inc. - October 2008 - Dyes Mourn Loss of Family Member (Page 10) Golf Inc. - October 2008 - Dyes Mourn Loss of Family Member (Page 11) Golf Inc. - October 2008 - Changing Demographics Impact European Golf Scene (Page 12) Golf Inc. - October 2008 - Changing Demographics Impact European Golf Scene (Page 13) Golf Inc. - October 2008 - Changing Demographics Impact European Golf Scene (Page 14) Golf Inc. - October 2008 - RDC Golf Group Finds Affordable Golf Niche (Page 15) Golf Inc. - October 2008 - Links at Summerly Offers Unique Twist (Page 16) Golf Inc. - October 2008 - Links at Summerly Offers Unique Twist (Page 17) Golf Inc. - October 2008 - Cost Crunch (Page 18) Golf Inc. - October 2008 - Cost Crunch (Page 19) Golf Inc. - October 2008 - Cost Crunch (Page 20) Golf Inc. - October 2008 - Cost Crunch (Page 21) Golf Inc. - October 2008 - Most Powerful People in Golf (Page 22) Golf Inc. - October 2008 - Most Powerful People in Golf (Page 23) Golf Inc. - October 2008 - Most Powerful People in Golf (Page 24) Golf Inc. - October 2008 - Most Powerful People in Golf (Page 25) Golf Inc. - October 2008 - Most Powerful People in Golf (Page 26) Golf Inc. - October 2008 - Most Powerful People in Golf (Page 27) Golf Inc. - October 2008 - Most Powerful People in Golf (Page 28) Golf Inc. - October 2008 - Most Powerful People in Golf (Page 29) Golf Inc. - October 2008 - Most Powerful People in Golf (Page 30) Golf Inc. - October 2008 - Most Powerful People in Golf (Page 31) Golf Inc. - October 2008 - Most Powerful People in Golf (Page 32) Golf Inc. - October 2008 - Most Powerful People in Golf (Page 32a) Golf Inc. - October 2008 - Most Powerful People in Golf (Page 32b) Golf Inc. - October 2008 - Most Powerful People in Golf (Page 33) Golf Inc. - October 2008 - Most Powerful People in Golf (Page 34) Golf Inc. - October 2008 - Most Powerful People in Golf (Page 35) Golf Inc. - October 2008 - Most Powerful People in Golf (Page 36) Golf Inc. - October 2008 - Contractors Focus on Renovations, InternationalProjects (Page 37) Golf Inc. - October 2008 - Contractors Focus on Renovations, InternationalProjects (Page 38) Golf Inc. - October 2008 - Contractors Focus on Renovations, InternationalProjects (Page 39) Golf Inc. - October 2008 - Troon, IMG Reach Into Booming Middle East Market (Page 40) Golf Inc. - October 2008 - Troon, IMG Reach Into Booming Middle East Market (Page 41) Golf Inc. - October 2008 - Troon, IMG Reach Into Booming Middle East Market (Page 42) Golf Inc. - October 2008 - Americas Recap: New Player Design in Mexico (Page 43) Golf Inc. - October 2008 - Europe-Africa Recap: Moroccan Lakeside Development (Page 44) Golf Inc. - October 2008 - Asia-Australia Recap: 3 Billion Dollar Resort in Vietnam (Page 45) Golf Inc. - October 2008 - The Last Word: There's No Substitute for Good Friends on a Golf Course (Page 46) Golf Inc. - October 2008 - The Last Word: There's No Substitute for Good Friends on a Golf Course (Page Cover3) Golf Inc. - October 2008 - The Last Word: There's No Substitute for Good Friends on a Golf Course (Page Cover4)
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