Thursday, 28th September 2023

Just another WordPress site


Public golf course green fees slightly lower than last year

It was found that public golf courses that significantly raised green fees during the COVID-19 period saw weekday green fees drop by 1.8% and Saturday green fees by 2.1% this year compared to October 2022.

According to <Leisure White Paper 2023> published by the Korea Leisure Industry Research Institute on the 18th, green fees for public golf courses with 18 holes or more and 231 locations, excluding Jeju Island, increased by 1.6% from a year ago to 176,400 won on weekdays as of May, but increased to 221,400 on Saturdays. It was the same as a year ago.

The average green fee (as of May this year) at 197 places that are likely to be designated as public golf courses is 166,300 won on weekdays and 209,800 won on Saturdays, a 0.7% increase on weekdays from a year ago, but a 0.7% drop on Saturdays. By region, Saturday green fees for public golf courses in the metropolitan area were the most expensive at 243,000 won, followed by Chungbuk (239,000 won) and Gangwon (224,000 won).

After the Corona 19 incident, green fees in the metropolitan area, Gangwon, and Chungbuk, where green fees rose a lot, showed a downward trend, but green fees at public golf courses in the provinces with relatively low green fees increased. Jeonnam’s weekday green fee rose 7.5% (5.5% weekdays) from a year ago, the highest rate of increase.

Saturday green fee increase rate by region at public golf courses [Data = Leisure White Paper 2023]

This is because golfers in the metropolitan area visited many Jeonnam golf courses that are easy to book and have relatively low green fees due to the Corona 19 incident. Green fees for May this year increased by 30.1% and 20.9% on weekdays and Saturdays, respectively, compared to 2020, right after the COVID-19 crisis.

The average green fee of 34 places that are likely to remain as ‘non-member golf courses’ that bear the tax burden is 235,400 won on weekdays and 288,400 won on Saturdays, up 5.7% on weekdays and 3.4% on Saturdays from a year ago. Compared to 2020, right after the Corona 19 incident, green fees on weekdays and Saturdays increased by 37.8% and 27.8%, respectively.

Comparing green fees for membership, non-member, and public golf courses, Saturday green fees for non-members are 28,200 won more expensive than non-member green fees for membership golf courses and 78,600 won more than public green fees. Non-member golf courses will be subject to an individual consumption tax of 21,120 won per person from July. If this is reflected in the green fee, the price competitiveness of non-member golf courses is expected to further deteriorate.

While establishing a non-membership system that reduces tax cuts for public golf courses with expensive green fees, the government announced the upper limit of green fees for public golf courses to be 188,000 won on weekdays and 247,000 won on weekends. Accordingly, public golf courses that have increased green fees since the Corona 19 incident have lowered green fees to maintain tax reduction benefits.

However, while the standard green fee for non-member golf courses is based on the ‘non-member green fee for membership golf courses in the metropolitan area’, public golf courses in the provinces raise their green fees.

Leisure White Paper 2023

Another problem is that ‘average green fee’ is applied to the government’s upper limit green fee, not ‘highest green fee’. Even if you receive a maximum of 300,000 won on weekends, if the average green fee does not exceed the upper limit of the green fee for a public golf course, it is designated as a public golf course. This greatly diminished the effect of establishing a non-membership system. Therefore, the actual number of non-member golf courses메이저사이트 is highly likely to decrease from 34.

A golf business operator wishing to register as a public golf course must submit a usage fee plan to each local government, and can register only when the average green fee for April-June and September-November does not exceed the upper limit suggested by the government.

Seo Cheon-beom, director of the Leisure Industry Research Institute, said, “The government established a non-membership system to lower the green fees of public golf courses with expensive green fees, but due to lax regulations, only public golf courses with high green fees were exempted, so the green fee reduction effect that 5.64 million golfers can feel is insignificant. do,” he said.

[Leisure White Paper 2023], published by the Leisure Industry Research Institute, is the only booklet in the domestic leisure industry published by Seo Cheon-beom, the 23rd this year since 1999.

[Leisure White Paper 2022], published last year, will publish a Japanese version titled [Korean Industry White Paper 2022] in June by the renowned Yano Economic Research Institute in Japan. This is proof that Korea’s golf market has grown rapidly, interest has increased worldwide, and the value of this book is highly valued.

Leave a Reply

Your email address will not be published. Required fields are marked *