All green fee related revenue (divided by) capacity. For the revenue management expert, this is the most important KPI. Revenue per available round (RevPAR) is calculated by taking all revenue generated from green fee-related sales and dividing it by the capacity for the same period of time.
Full Answer
What is a green fee?
What is a green fee? The green fee, as defined, is the how much it costs to play golf itself. It's the price you have to pay to literally be on the green of the golf course. (That means the proper term is "green fee," not "greens fee," because we're talking about the green of the golf course in total, not the putting greens.)
How much do golf courses cost?
It is up to each course to determine what price to charge, and those prices range from very low ($10 or $15 green fees can still be found in a few places) to very high (hundreds of dollars at the most-famous and most-luxurious resort courses). Five-hundred-dollar green fees are not unheard of, but that high of an amount is extremely rare.
How many holes of golf does the green fee cover?
Paying the green fee typically gets you 18 holes of golf. Some courses offer 9-hole rates (and, obviously, a 9-hole golf course's green fee covers nine holes of play).
Is a golf cart included in the green fee?
But it's definitely not un common for the use of a cart to be included in a course's green fee. Unlimited play: The green fee rarely includes unlimited play for the day. The standard is, if you pay the green fee you get 18 holes of play. Want to play another nine or 18 after that? Pay another fee.
How do you determine the value of a golf course?
As with most property types, golf courses can be valued via the income approach, sales approach, or cost approach. Each method has its limitations. Given the specialized nature of golf course properties, the application of the comparable sales approach is preferred.
What does green fees mean in golf?
Definition of greens fee : a fee paid for the privilege of playing on a golf course. — called also green fee.
How much is Charleston Municipal Course?
COURSE RATESType of RateMonday-Friday Walking/RidingSenior 62+ (Mon-Fri) Walking/RidingRegular (Non-Resident)$60/80$50/70Tri-County Resident$35/55$30/50City of Charleston Resident$20/40$17/37
Which golf course green fee is the highest?
Shadow CreekShadow Creek—the high-roller MGM course in North Las Vegas—reclaimed that title when it increased its rates to $600 in 2019. Now, Shadow Creek has likely solidified itself as the highest green fee for years to come.
Why is it called green fee?
The green fee, as defined, is the how much it costs to play golf itself. It's the price you have to pay to literally be on the green of the golf course. (That means the proper term is "green fee," not "greens fee," because we're talking about the green of the golf course in total, not the putting greens.)
Are green fees deductible CRA?
Unfortunately the Canada Revenue Agency (CRA) is very strict about not allowing the deduction of expenses incurred for the use of a golf course - golf is considered to be pleasure rather than legitimate business entertainment. This means that golf membership charges or green fees cannot be deducted at all.
How much does it cost to join the Country Club of Charleston?
Membership DuesMonthly DuesSingle Membership (golf, pool)$750.00 Initiation$170.00Young Executive Family* Membership$750.00 Initiation$175.00Young Executive Single Membership$750.00 Initiation$140.00Winter Membership SingleNo Initiation$190.004 more rows
How much is it to play 18 holes at Augusta National?
Non-Member Rates at Augusta MunicipalWeekday Rates (Monday-Thursday)18 Holes Walking$219 Holes Walking$14Hero Card$27League Play$2715 more rows
How much does it cost to play Augusta?
Still, the membership fee is thought to be around $40,000, which is not that expensive compared to many other exclusive golf clubs. In addition, you can expect to pay around $4,000 in annual dues.
How much is it to play at Augusta?
To join is reportedly under $100,000, which might be one-tenth of other high profile clubs in the country. And if you were lucky enough to play the course with member, you can probably afford it. Guest fees are said to be about $40.
What is green fee?
What is a green fee? The green fee, as defined, is the how much it costs to play golf itself. It's the price you have to pay to literally be on the green of the golf course. (That means the proper term is "green fee," not "greens fee," because we're talking about the green of the golf course in total, not the putting greens.)
Can you walk in golf?
They can't walk, for whatever reason. Other possible fees to play golf are rental fees for walking carts, golf clubs or other accessories to making the round more enjoyable. Of course, golfers can pay separately for food and beverages during a round. However, the green fee is the core cost to playing golf, and it's what is most often quoted ...
What percentage of golf courses are open to the public?
According to the PGA of America and the World Golf Foundation, 80 percent of all golf rounds are played on courses that are open to the public, including municipal courses.
What are the differences between municipal courses and public courses?
Municipal courses also may offer only limited food and beverage options such as snacks and soft drinks to avoid the expense of operating a restaurant, while public courses are more likely to have full-service restaurants and more extensive golf shop merchandise. Municipal courses can have more upscale amenities, though, ...
Where are major golf championships played?
For example, Chambers Bay, a municipal layout near Tacoma, Washington, ...
Do private golf courses require carts?
Municipal courses typically offer motorized cart rentals, but many do not require golfers to use carts. Public courses are more likely to require cart rental.
Who owns public golf courses?
Public courses are owned by individuals, real estate development companies, partnerships or corporations. Public courses may be owned by one entity and managed by another. For example, the two courses at Arizona's Talking Stick Golf Club were designed by Ben Crenshaw and Bill Coore, are owned by the Salt River Pima-Maricopa Indian Community ...
Do municipal golf courses make money?
Although municipal golf courses may earn money, cities and counties typically do not have a profit motive. Their primary mission is to provide reasonably priced outdoor recreation for local residents. Municipal courses use their revenue sources to pay for the maintenance of the course and facilities, including staff salaries.
What are benchmarks in golf?
Benchmark uses four important key performance indicators. Key Performance Indicators are a business metric used to evaluate factors that are crucial to the success of an organization. The understanding of these four KPI’s is critical to your ability to successfully manage the tee sheet. Your tee time inventory is the most valuable asset any golf ...
What is the numerator in golf?
The numerator, or the number that is divided by capacity , is all of the rounds played on your golf course. All rounds should be included: 18-hole, 9-hole, back nine start, as well as comp rounds, employee rounds … all rounds. And, for the moment, we won’t make it any more complicated than that.
What is direct channel golf?
Golf course, or direct channels, can be your phone, a call center that answers your phone, your website or your mobile app. Indirect channels can be wholesalers and third-party marketing entities. The calculation is rounds booked direct divided by all rounds played.
