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  • Type: Document
  • Date: 03/01/2010
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Golf Benchmark Survey 2009 - Regional Report, The Caribbean region

Surveyed contries: Antigua, Bahamas, Bermuda, Cayman Islands, Costa Rica, Curacao, Jamaica, Puerto Rico, St Kitts, St Lucia, St Vincent & The Grenadines, Turks and Caicos Islands, Trinidad & Tobago

[dummy] Golf Benchmark Survey 2009 - Regional Report, The Caribbean region

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Benchmark indicators for the operational performance of golf courses in the Caribbean region

This second edition of the Golf Benchmark Survey in the Caribbean was based on responses from 50 golf course operators regarding their operational performance in 2008.

Some key highlights of this regional report include:

  • In light of sharply contracting tourism arrivals, it is not surprising that an overwhelming 87% of the golf course operators indicated that the economic downturn has had a negative impact on their operations and financial results.
  • Only 45 percent of the participating golf courses reported a positive gross operating profit (GOP), compared to 64 percent in 2006. These courses had an average GOP of almost USD 600,000 in 2008, with the top 25 percent of performers achieving a profit close to USD 1 million on average.
  • The top 25 percent of golf courses in the Caribbean (based on annual turnover) reported revenues of USD 3.2 million, almost twice as high as the regional achieved average of USD 1.7 million.
  • Prospects for golf course owners and operators in 2010 appear rather pessimistic in most surveyed countries.

Download our report to find out more.