The Pellucid Perspective - October 2021 - 5

facility-reported rounds as " truth " vs.
consumer-projected but both have
their uses and strengths
Now, on to the pictures once again
in looking at how supply has changed
over time in a market and comparing
that against changes in (facilityreported)
rounds demand. See table
below.
* The below table tells us that the
supply/demand imbalance has turned
favorably in the current year after a
gradual " unwinding " from '10-'15:
* In the decade between '00-'10,
supply grew by 0.5% annually against
a rounds annual rate of decline of
1%. This created a 14% " dilution "
of supply (in other words, a facility
doing 30K rds in '00 likely was doing
25-26K in '10
* Between '10 and '15 the trend
improved as supply shrunk
marginally but rounds also flattened
out. Hence, at the end of '15 the
er survey view to using the IGDB facility database to analyze
supply levels, mix, change and facility-reported rounds demand.
A quick education on the facility rounds methodology and how
it compares to the consumer-survey projection:
* Our facility-reported rounds are a combination of
annual email surveys, permitted use of the current year
rounds information from annual client engagements,
credible public domain sources we monitor (press
releases, newswires etc.) as well as reference checks to
any public domain industry
sources (i.e. PerformanceTrak
back in the day, Datatech etc.)
* Facility-reported rounds
are " through the turnstiles
(channeling a Stuart-ism)
which means they represent
all rounds regardless of
whether the golfers are local,
commuters or tourists
* By contrast, the consumer
survey rounds projection takes
only the local population
and their reported annual
frequency. So, in places like
FL, the facility-reported
rounds should be considerably
higher than the consumer
survey-projected rounds
* We rely more heavily on the
www.PellucidcorP.com
The Pellucid PersPecTive
5
supply dilution had shrunk to 9%
*
In the latest period, we can see that supply reduction
accelerated (-2%) while the annual rounds rate shot
up (COVID influenced) now suggesting that the
market could support more supply (that assumes the
rounds surge continues at current pace, a bet I wouldn't
necessarily take)
Speaking of looking at rounds trends, let's next look at how
facility-reported rounds have trended both longer and short
http://www.PellucidcorP.com

The Pellucid Perspective - October 2021

Table of Contents for the Digital Edition of The Pellucid Perspective - October 2021

TOC
Market Analysis increasing in “fun factor” behind positive numbers
Evolving Customer Engagement; Old Tools, New Rules
19 Activities, 12 Transactions lead; 3 interesting “special situations
Flat National September But Negative 1:2 Regional Breadth Picture
August Utilization Down Slightly, Still up 7 Points YtD
The Pellucid Perspective - October 2021 - TOC
The Pellucid Perspective - October 2021 - Market Analysis increasing in “fun factor” behind positive numbers
The Pellucid Perspective - October 2021 - 3
The Pellucid Perspective - October 2021 - 4
The Pellucid Perspective - October 2021 - 5
The Pellucid Perspective - October 2021 - 6
The Pellucid Perspective - October 2021 - 7
The Pellucid Perspective - October 2021 - 8
The Pellucid Perspective - October 2021 - 9
The Pellucid Perspective - October 2021 - Evolving Customer Engagement; Old Tools, New Rules
The Pellucid Perspective - October 2021 - 11
The Pellucid Perspective - October 2021 - 19 Activities, 12 Transactions lead; 3 interesting “special situations
The Pellucid Perspective - October 2021 - 13
The Pellucid Perspective - October 2021 - Flat National September But Negative 1:2 Regional Breadth Picture
The Pellucid Perspective - October 2021 - 15
The Pellucid Perspective - October 2021 - August Utilization Down Slightly, Still up 7 Points YtD
The Pellucid Perspective - October 2021 - 17
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