Tuesday, June 30, 2009

Golf Course Closures Outpace 2008 levels

Golf Course Industry Magazine reports that there have already been 71 golf course closures (18 hole equivalents) in the United States through the first half of the year. So far in 2009, there have been only 16.5 new courses opened (18 hole equivalents). In all of 2008 there were "only" 106 golf course closures.

Overall, the net supply of golf courses has declined from a high of 16,057 in 2004 to a low of 15,931, a net reduction of 126 golf courses.

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