A third of golf courses have improved finances after the pandemic

The Spanish Association of Golf Managers (AEGG) was behind the creation of a study that includes most of the administration indicators normally used for the management of a golf course, and it shows that almost one third of Spanish golf courses have improved their financial situation over the last three years. The same study shows that 74.6% of Spanish clubs had a neutral, profitable or very profitable financial result during 2022, while 25.4% declare that they are unprofitable companies.

Bearing in mind that, in a survey conducted in 2019, before the pandemic, 57.3% of Spanish golf courses declared that they were not profitable, this means that the financial situation has improved for 31.9% of them in this three-year period.

The AEGG believes that these kinds of studies help to showcase the work and professionalism of the golf course manager role, pooling knowledge that is useful for their members as a whole and Spanish golf in general.

The ultimate aim of the study produced by the AEGG is focused on innovating and improving management of sport in the field of golf. The conclusions of the general data and analysis of income and expenses is listed below:

• 85% of courses do not have over 1,500 members.

• 75% of courses had over 30,000 outings last year.

• 73.5% of courses have 26% of outings by members or pass holding players.

• 82.4% of courses have 90% of staff hired indefinitely.

• The number of employees per course is between 10 and 40.

• Best practices: Adaptation, planning and foresight have been the key elements over the last two years for most managers. This is followed by Digitalization, Sustainability and Innovation.

• 74.6% of golf courses responded that they had neutral, profitable or very profitable results.

• Revenue from club room: 57% between 10,000 and 80,000 Euros a year.

• 75% of courses had a balanced or positive result. 25% had deficient results.