Over the past couple of decades, we’ve heard a lot about the “saturation point” and “overbuilding” in the golf industry, referring to the supply of golf courses exceeding the demand.
Back when it seemed that a new, high-end golf course was opening every month, I remember writing several columns with dire predictions in the 1990s that turned out to be true – at least in some areas.
Yet, oversupply is not much different than the real estate market in that a so-so million dollar home in Toronto or Vancouver wouldn’t get near that if it were plopped down in other parts of the country.
The same holds true with the number of golf courses within a specific area. Even if the media is often fixated with large, urban areas, an oversupply isn’t always the case around some cities, smaller centres or rural areas.
Since there is no true number that defines oversupply, it differs from person to person, region to region. Even fewer rounds of golf cannot totally be chalked up to oversupply since there may be other factors at work.
So, the definition of oversupply is really quite subjective. Most would say that the golf operation where they work is enough for its specific market, but admit there is room for one or two rivals without hurting business.
But how much is too much in terms of the number of golf courses within a specific area? While we hear so much about the oversupply of golf courses, did that actually happen in what you consider your specific market?
That’s the topic of this week’s GNN Poll.
You can vote below or on the GNN Poll and if you wish to add your thoughts, please feel free in the Comments section below
How would you define the number of golf courses in the market in which the operation where you work is located?
- Slightly oversupplied (45%)
- Way too many (43%)
- The supply matches the demand (10%)
- Undersupplied (1%)