National Golf Courses See 6.7% Decrease in Visitors in the First Half of the Year

Korea Golf Course Management Association Announces First Half Operating Results
Sales Down 5.2%, Admission Revenue Down 5.8%

The number of visitors to golf courses nationwide decreased in the first half of the year.

According to the "2023 First Half Operating Performance Status" announced by the Korea Golf Course Management Association on the 4th, the number of visitors dropped by 6.7% compared to the previous year. The survey analyzed and compared the operating performance of golf courses nationwide for the same period last year and this year. The target was regular golf courses with 18 holes or more operating nationwide for two weeks from July 28 to August 10. A total of 127 companies responded to the survey, and statistics were calculated based on a sample of 100 companies that submitted valid data.

Sales revenue and admission income decreased by 5.2% and 5.8%, respectively. Operating profit and net profit also fell by 24.5% and 23.9%. The region with the largest decline was Jeju, where net profit decreased by 114.8% compared to the first half of last year. Although the Chungcheong region generally saw a decline, the difference was not significant. On the other hand, the Gyeonggi and Honam regions showed a sharp decrease in operating profit and net profit. Operating profit dropped by 32.9% for membership courses and 19.5% for public courses.

The Korea Golf Course Management Association stated, "Golfers, fatigued by the increased green fees during the COVID-19 pandemic, are increasingly going abroad for golf trips," and added, "Combined with the domestic economic downturn, operating performance is sluggish compared to the same period last year." Detailed information on the operating performance of golf courses nationwide in the first half of 2023 is available on the website.

This content was produced with the assistance of AI translation services.