The study, “The Economic Impact of Golf on the Economy of Europe”, was commissioned by the PGA of GB&I and other stakeholders in the European game. It pulls together facts and figures on economic impact, golfer numbers, direct and associated industries and golf-related employment, and draws conclusions on opportunities for growth.
New course construction is in a trough compared to the 2000-2005 period, with only €97 million going into new builds in 2012. However, the managers of Europe’s 6,757 golf courses can take pride in the fact that the quality of surfaces they produce brings in €5.7 billion of fees from golfers. Driving ranges contributing a further €558 million.
It is estimated that just under €1.24 billion is spent annually on golf course maintenance in Europe, with €380 million going on maintenance machinery and irrigation equipment.
The availability of golf courses brings €1.55 billion into the European economy from golf tourism.
The game contributes towards local communities through then supply chains it uses and the fact that golf employs over 180,000 full-time equivalent people across Europe, with golf courses paying their staff a total of €3.69 billion. Golf is also one of the major donors to European charities, making an annual contribution of not less than €85 million.
Whilst this study outlines the impact of golf on the European economy, CourseTracker will help you identify your courses’ financial contribution to your local community.