SEPTEMBER WAS DIFFICULT MONTH FOR GOLF INDUSTRY
Golf, like many other industries, saw a downturn in business. Golf Datatech reported that the number of rounds of golf played in the month of September in the United States declined by 1.5% and stands lower by 2.3% for the first nine months of the year as compared to 2000. Texas felt the crunch the greatest as it recorded a 10% drop. The sunshine state of Florida was the runner up with a decline of 8.4%. Whether the tragic events of September 11 or the overall weakening economy reduced the interest in playing golf, the trend has been negative. Eight out of the nine months, according to Golf Datatech, have registered declines.
Golf participation and the amount of rounds played are vital if not a critical components to the industry as other aspects feed off of it, such as equipment sales. The most significant months for play in the calendar year are May through August. Nevertheless, golf seems to have enough handicaps with a recession in the economy, the airline industry's woes and the potential instability of Mother Nature to contend with, let alone the prospects of waiting for golf consumers to return to the courses, in attempting to improve business results in 2002. (Source: Web Street Golf Report)
Taken from the NSGA Research Newsletter
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