Golf is picking up, as the 2008 season kicks into gear.
This is very good news for those of us in businesses that support, and benefit from golf. However, with the economy reportedly on a downward trend, and fuel prices creeping up, what will this mean for the golf business overall in 2008?
Since, the recent report from the PGA on April 16th being declared National Golf Day cited a direct impact of $76 Billion Dollars per year attributed to golf, and $195 Billion total economic impact in the US annually, there is good rationale for “golfing our way out of a slow economy”.
In addition, the fact that over $3 Billion is raised for charity in the US through golf each year means that there are people counting on you playing golf, and becoming involved with local charity tournaments.
The people who operate golf courses are just the front line of those involved in the industry. There are many more, from those in manufacturing of golf related products, like ourselves, to those who are employed by golf retail, food & beverage, travel, hotels, rental cars and the like…who all benefit from when people play golf. In addition, MOST of those jobs are within the countries they serve.
I read on a web site devoted to the subject of American jobs that (based upon when there was only 293 million people living in the US), if each would spend just $20 per month on products made in America, there would be five million new jobs created. That staggering statistic is even more staggering now that we are more than 300 million strong.
Do you want to help the economy…Take a swing at it!
After all, golf is a game that is played in America.
Thursday, April 24, 2008
Golf—Played in America
Labels:
golf business,
Golf Economy,
golf trends,
made in the USA
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