2008 State of the Industry

▤ Summary

Golf Inc. received responses to the study from more than 500 owners, developers, product and service vendors and management executives on a range of economic and operational issues.The survey also assessed reader opinion on hiring plans and revenue expectations for the coming year, as well as what they see as the most critical issues facing the industry today.But a new survey of industry professionals by Golf Inc. magazine shows that the people who make their living in the golf business are hopeful about what’s ahead for the remainder of 2008 and into 2009.Golf Inc. received responses to the study from more than 500 owners, developers, product and service vendors and management executives on a range of economic and operational issues.A full report on the State of the Industry survey is available in the most recent digital issue of Golf Inc., http://www.nxtbook.com/nxtbooks/cypress/golfinc0808/ The study showed that among facility operators, 48 percent expect their 2008 revenues to increase slightly over 2007 levels, with another 7 percent anticipating significant increases.Product and service vendors were even more upbeat, with 71.0 percent rating their prospects from good to excellent.The survey also assessed reader opinion on hiring plans and revenue expectations for the coming year, as well as what they see as the most critical issues facing the industry today.Among the other questions addressed in the survey:- How many operators plan to raise greens fees?- When do developers expect to see course construction rebound?- How many product and services vendors expect to increase prices?- How much do management company executives plan to spend on capital improvements at their properties?- What percentages of tee times are booked online?### Contact Information Golf Inc. Magazine Chase Peckham 887-GolfInc www.golfincmagazine.com Click here to view the list of recent Press Releases from Golf Inc. Magazine

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