Exploring the Golf Industry’s Monetization Landscape
The Current State of Golf Monetization
Identifying Opportunities for Growth
Innovative Monetization Models for Golf Courses and Facilities
Key takeaway: To maximize revenue in the golf industry, golf courses and facilities should explore innovative monetization models such as subscription-based models, corporate partnerships and sponsorships, golf-tech integration, food and beverage revenue streams, and monetizing golf tournaments and events through tournament sponsorships, merchandising, and hospitality packages. Additionally, building a sustainable monetization strategy requires data-driven decision making, embracing diversity and inclusion, and fostering long-term customer relationships.