The Pellucid Perspective - October 2023 - 16

INDUSTRY
SCORECARD
Utilization Surges as Rounds Refuse to Yield to
Wilted Weather
Industry Key Performance Indicators at-a-glance
Rounds by Facility Type Aug 2023
All Fac.
Types
5.0%
3.8%
2.5%
1.3%
0.0%
-1.3%
-2.5%
4.1%
Public
Access
___________________________________________
___________________________________________
___________________________________________
___________________________________________
___________________________________________
___________________________________________
___________________________________________
4.6%
2.2%
0.1%
0.4%
-1.4%
Source: Golf Datatech
Private
n Curr Month
n Curr YtD
Looking at demand for August as reported by Golf Datatech,
we saw a fractional gain vs. Year Ago (YA). That had no impact
on the YtD gain resting at +4% through 8 months of play. According
to Datatech, the month's flat outcome was the result of
a flat Public sector combined with a slight decline in the Private
sector. That leads us to the monthly question of " How much of
the demand change was due to weather vs. changes in golfer engagement? "
For the answer, we'll need to look at the month via
Pellucid's unique Utilization view.
n %Utilization
n Pt. Chng vs. FY '22
Utilization & Point Change Aug 2023
For reference, Utilization and Point Change vs. Year Ago (YA)
tracks rounds demand after factoring for weather.
The comparative
benchmark is the Year End (YE) '21 value of 59%.
For those not familiar with Pellucid's Weather Impact tracking,
the underlying concept is relatively simple. In a theoretical
world where rounds follow weather, a 5% increase in Available
Rounds would produce a 5% gain in Played Rounds. By comparing
Played Rounds to Available Rounds, we can determine
the weather-neutral performance of the average facility and
how it's changing during the year vs. the benchmark.
The flat August demand result was an amazingly strong result
when compared to the previously-reported GPH carnage
resulting in a healthy 10 point Utilization gain for the month.
For the YtD period, that solid month's gain extended our outperformance
vs. weather to +4 pts on Utilization (clawing our
way back from a Q1 deficit of ~5 pts). In the absolute, we've extended
our super-60% Utilization performance YtD which suggests
that demand is still healthy net-of-weather and continues
its elevated state relative to our pre-COVID trading range of
52-55% for the decade 2010-2019.
53.3%
____________________________
____________________________
8.3
71.0%
Curr.
Month
YtD
____________________________
____________________________ 11.0
35.5%
____________________________
____________________________
5.5
17.8%
____________________________
____________________________
2.8
0.0%
____________________________
____________________________
Source: Golf Datatech and Pellucid
0.0
16 The Pellucid PersPecTive
OctOber 2023
70.7%
10.4
64.0%
3.7

The Pellucid Perspective - October 2023

Table of Contents for the Digital Edition of The Pellucid Perspective - October 2023

TOC
Better Tools and Data Mean Fewer Answers Left “Blowin’ in the Wind”
Potential 520M Rounds record year is possible
15 Activities, Transactions continue healthy pace with 10
Favorable September keeps Year-to-Date in positive territory
Utilization Surges as Rounds Refuse to Yield to Wilted Weather
For Tampa, at #22, leveraging healthy golfer base is key to breaking Top 20 barrier
The Pellucid Perspective - October 2023 - TOC
The Pellucid Perspective - October 2023 - Better Tools and Data Mean Fewer Answers Left “Blowin’ in the Wind”
The Pellucid Perspective - October 2023 - 3
The Pellucid Perspective - October 2023 - 4
The Pellucid Perspective - October 2023 - 5
The Pellucid Perspective - October 2023 - 6
The Pellucid Perspective - October 2023 - Potential 520M Rounds record year is possible
The Pellucid Perspective - October 2023 - 8
The Pellucid Perspective - October 2023 - 9
The Pellucid Perspective - October 2023 - 15 Activities, Transactions continue healthy pace with 10
The Pellucid Perspective - October 2023 - 11
The Pellucid Perspective - October 2023 - 12
The Pellucid Perspective - October 2023 - 13
The Pellucid Perspective - October 2023 - Favorable September keeps Year-to-Date in positive territory
The Pellucid Perspective - October 2023 - 15
The Pellucid Perspective - October 2023 - Utilization Surges as Rounds Refuse to Yield to Wilted Weather
The Pellucid Perspective - October 2023 - 17
The Pellucid Perspective - October 2023 - For Tampa, at #22, leveraging healthy golfer base is key to breaking Top 20 barrier
The Pellucid Perspective - October 2023 - 19
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