Golf's Popularity Boom Comes with a Price Tag: A $40,000 Initiation Fee for Some of America's Most Exclusive Clubs
As the COVID-19 pandemic brought people together in search of a "third place" – outside of their homes and workplaces – golf experienced a surprising surge in popularity. The sport's growth has been accompanied by significant increases in costs across the board, from local municipal courses to exclusive country clubs.
The influx of new players has led to an estimated 40% rise in prices, with many major country clubs now charging initiation fees that are often prohibitively expensive for all but the most affluent golfers. In the Twin Cities of Minneapolis and St. Paul, Minnesota, where some top-tier country clubs previously offered affordable membership options with little or no initiation fee, those days are now behind them.
The cost of joining a high-end country club can be staggering. The Club at Golden Valley in Minnesota, for example, has raised its initiation fee from $5,000 to a whopping $39,500, while monthly dues have increased from around $400 to over $800. In Scottsdale, Arizona, the Silverleaf Club boasts an eye-watering initiation fee of $400,000, which is often tied into real estate transactions and can make buying a home on the course a much more expensive proposition.
Destination golf has also become increasingly pricey as popular courses like Pebble Beach, Bay Hill, and TPC San Antonio require a stay to play. The cost of booking tee times at these top-ranked public courses has increased from $550 to over $675 per round, with a mandatory resort stay that can add an additional $1,400 surcharge.
While some golf-centric resorts like Bandon Dunes in Oregon have managed to keep prices relatively stable, others are feeling the pressure. Sand Valley Resort, which recently announced plans for two new courses, has seen its prices remain steady despite the added complexity of offering more comprehensive experiences for golfers.
As the sport's popularity continues to soar, it remains to be seen how long golf can sustain its pricing trajectory without becoming prohibitively expensive for all but the most dedicated and affluent players.
As the COVID-19 pandemic brought people together in search of a "third place" – outside of their homes and workplaces – golf experienced a surprising surge in popularity. The sport's growth has been accompanied by significant increases in costs across the board, from local municipal courses to exclusive country clubs.
The influx of new players has led to an estimated 40% rise in prices, with many major country clubs now charging initiation fees that are often prohibitively expensive for all but the most affluent golfers. In the Twin Cities of Minneapolis and St. Paul, Minnesota, where some top-tier country clubs previously offered affordable membership options with little or no initiation fee, those days are now behind them.
The cost of joining a high-end country club can be staggering. The Club at Golden Valley in Minnesota, for example, has raised its initiation fee from $5,000 to a whopping $39,500, while monthly dues have increased from around $400 to over $800. In Scottsdale, Arizona, the Silverleaf Club boasts an eye-watering initiation fee of $400,000, which is often tied into real estate transactions and can make buying a home on the course a much more expensive proposition.
Destination golf has also become increasingly pricey as popular courses like Pebble Beach, Bay Hill, and TPC San Antonio require a stay to play. The cost of booking tee times at these top-ranked public courses has increased from $550 to over $675 per round, with a mandatory resort stay that can add an additional $1,400 surcharge.
While some golf-centric resorts like Bandon Dunes in Oregon have managed to keep prices relatively stable, others are feeling the pressure. Sand Valley Resort, which recently announced plans for two new courses, has seen its prices remain steady despite the added complexity of offering more comprehensive experiences for golfers.
As the sport's popularity continues to soar, it remains to be seen how long golf can sustain its pricing trajectory without becoming prohibitively expensive for all but the most dedicated and affluent players.