Larry Hirsh, Owner/President of Golf Property Analysts identifies some of the determinants of value and fundamental concepts and issues that drive golf course appraisals.
The big story of 2012 in the golf business is the year over year increase in rounds played. In fact, if fourth quarter rounds are flat with the same period in 2011, we would end the year with the largest single-year jump since the turn of the century; a national gain of more than 30 million rounds.
The game of golf was used to raise $3.9 billion for charity in 2011, according to research conducted by the National Golf Foundation for the World Golf Foundation’s GOLF 20/20 division. The money was raised principally through local tournaments, the professional tours and corporate and individual donations.
New NGF research shows that the vulnerability of current private club memberships may have peaked – and lapsed club members who resigned memberships under the financial pressures of the past four-to-six years now appear to be reconsidering their non-member status.
