5 reasons why golf is in recovery
In many ways it’s been a dreadful start to 2014 for the golf club industry. At least six UK clubs announced they had closed, or were to close, in January alone, and the wet and windy weather has caused havoc throughout the country. Some venues might not even have their full 18 holes available to play on again for several months.
But, believe it or not, the signs are actually positive for the industry. Forty-two percent of members’ clubs reported financial growth in 2013 – a rise from just 25 percent in 2011, according to a new survey.
Here are five developments from the start of 2014 that show that the industry appears to be in recovery:
5. Golf clubs are investing again
Several golf clubs have announced that they are spending heavily.
Wentworth and Royal St George’s have both signed six-figure deals to purchase a new fleet of course machinery, while Brocket Hall Golf Club in Hertfordshire is to spend nearly half a million pounds on buying a new fleet of golf buggies and greenkeeping machinery, refurbishing its changing room facilities and redecorating its restaurant.