Golf is experiencing a remarkable resurgence! Since 2020, the sport has seen unprecedented growth, with on-course rounds up 9.5% and off-course participation soaring by an impressive 115% compared to 2019. This surge has made golf the fastest-growing sport in America, boasting a total of 45 million participants in 2023.

The rise of innovative concepts like Topgolf has been a game-changer, serving as a “gateway” for Millennials and boosting off-course engagement. Encouragingly, this trend complements rather than competes with traditional golf, driving more players to the greens.

Despite challenges in the broader real estate market, golf course sales have remained robust. An intriguing trend has emerged with hoteliers exploring the option of selling their golf facilities to specialized operators while maintaining guest access to tee times. This strategy allows resorts to streamline operations while still offering a premium golfing experience.

Looking ahead, the future of golf appears bright. With participation numbers on the rise and high barriers to entry limiting new course development, existing golf properties are poised for continued success.

Want to dive deeper into the fascinating world of golf’s resurgence and its impact on the real estate market? Click the link below to read our full, in-depth analysis and discover the exciting opportunities in this growing sector!

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