Golfweek reports that the number of rounds of golf fell again in October.
The number of rounds played in the U.S. dropped 6.5 percent in October and contributed to a 3.8 percent decline for the year-to-date total.
Year-over-year, monthly declines have been prevalent in 2011, which is projected to post an annual decline. That would mark the fifth consecutive year the number of rounds played has fallen. In the past decade, the rounds-played total has decreased from 518 million to 475 million.
October’s declines were led by less play at private facilities, which reported an 8.8 percent drop in rounds played. Year-to-date, private facilities were down 4.3 percent. By comparison, public-access courses showed a 5.9 percent drop in October, and they were down 3.6 percent for the first 10 months of the year compared with the same period in 2010.
I predict a lot more courses closing in the next couple of years. But I think its no more than a market correction. We overbuilt in Tiger’s heyday and things now are returning to normal.