This week there are encouraging signs from two of golf’s biggest markets.
In the U.S. Steven Ekovich, managing director of the National Golf & Resort Properties Group, is reported as saying that financing is returning to the industry. He estimates that the number of distressed assets has fallen by 65 percent since 2009 and says that investor sentiment is improving. “As the economy heals, we expect to see course values go up this year for the first time in six years,” he concludes.
Meanwhile the latest quarterly report from SPORTS MARKETING SURVEYS INC shows that for the first time in over a year there has been an average increase in rounds played across Great Britain.
Long may the sun continue to shine!
Geoff Russell, Editor