The Pellucid Perspective - December 2017 - 6

ODDS AND
YEAR ENDS

Since we are using the IGDB data through 2016, the above
data tells you that 50% of all the golf courses in the US were
built after 1960. It also tells you that golf course closures were
relatively rare for the earlier courses - of the roughly 8,300 facilities built prior to 1960, more than 7,700 are still open. The
closure rate is only 6.9%, which is well below the 13.1% overall
rate above and the 10.5% for 2006-2016.
To further amplify that point, the average age of courses
closed 2006 -2016 was only 40.4 years compared to the 48.8
year average of all courses. The median analysis is even more
telling - the median age for all courses is 56 years and the median age for the recent closures is 26 years old. This would seem
to indicate that "newer" courses are at a much higher risk of
closure than older courses.
When we looked at state-by-state numbers to get the answer
for our current project, we found some more interesting data
points. We created a ranking of closure % for each state and
compared that with the US average of -10.5% for 2006-2016.
We will probably include the entire state-by-state in the SOI,
but some states have had significantly higher closure rates -
Louisiana is -22%, Alabama is -21.6% and South Carolina is
-17.7% to name the top 3 "winners." In fact, the states with
higher than average closure rates represent 59.3% of total facility inventory in the US.

There are a whole bunch of questions raised with this expanded look at course closures:
*
*
*
*
*

Why are older courses enjoying a higher survival rate?
Does course age play a role in financial strength?
Do older designs better fit the demands of the current
golfer mix?
Are there other demographic trends at work?
What geographical trends are emerging?

All of this data will dovetail into our larger discussion
in Orlando in January. We have a lot of work to do, but I
think you will find some of our answers helpful in what is
turning out to be quite a battle for survival. On the first day
of Gettysburg, General John Buford identified and held the
high ground against vastly superior forces to allow General
John Reynolds to arrive with reinforcements. On arriving,
Reynolds asked "How goes it, John?" and Buford replied
"There's the devil to pay." Reynolds then asked, "Can you
hold?" and Buford responded "I reckon I can." Buford's tactics have been taught and used ever since - even after the
cavalry went from horses to tanks to helicopters. We hope to
locate the high ground and provide some interesting tactics
n
for you in January.

"Seeing

all of our greens fees in a
single screen helps us serve
our guests better."
Matt Williamson, TPC Louisiana

SEE WHY TOP COURSES CHOOSE

FIND OUT MORE

>>

EZLINKSGOLF.COM | 888.88.LINKS
Come see us at booth #3131 PGA Show 2018
6 The Pellucid PersPecTive

December 2017


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Table of Contents for the Digital Edition of The Pellucid Perspective - December 2017

TOC
USGA slips bonds of reality with latest thinking on ball regulations
Course closures can be mythbusting
Storied desert club charts new course
November golf weather impact: Double-digit drop, year sags slightly
Atlanta golf market conditions far from peachy
Shark Experience unlikely to break golf ’s chains
The Pellucid Perspective - December 2017 - TOC
The Pellucid Perspective - December 2017 - USGA slips bonds of reality with latest thinking on ball regulations
The Pellucid Perspective - December 2017 - 3
The Pellucid Perspective - December 2017 - 4
The Pellucid Perspective - December 2017 - Course closures can be mythbusting
The Pellucid Perspective - December 2017 - 6
The Pellucid Perspective - December 2017 - Storied desert club charts new course
The Pellucid Perspective - December 2017 - 8
The Pellucid Perspective - December 2017 - 9
The Pellucid Perspective - December 2017 - November golf weather impact: Double-digit drop, year sags slightly
The Pellucid Perspective - December 2017 - 11
The Pellucid Perspective - December 2017 - 12
The Pellucid Perspective - December 2017 - Atlanta golf market conditions far from peachy
The Pellucid Perspective - December 2017 - 14
The Pellucid Perspective - December 2017 - 15
The Pellucid Perspective - December 2017 - Shark Experience unlikely to break golf ’s chains
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