The document analyzes the economic impact of the golf industry in Canada based on a 2014 study. Some key findings include:
- The golf industry contributes $19.7 billion to direct spending and $14.3 billion to Canada's GDP.
- It supports over 300,000 jobs and generates $36.8 billion in total economic activity.
- In Ontario specifically, golf contributes approximately $5.4 billion to the province's GDP.
- Events like the annual Toronto Golf Show bring significant outside spending into the local economy from exhibitors and attendees, benefiting local businesses. This outside money has a multiplier effect as it circulates within the economy.
The document discusses spending patterns among India's ultra-wealthy individuals. Some key points:
1) A survey found that India's ultra-rich have not significantly scaled back spending due to the global economic slowdown, with expenditures on luxury goods and experiences remaining consistent.
2) While overall spending has increased due to inflation, savings levels have remained stable and cutbacks have only been on primary business investments and philanthropy.
3) The survey also found that professionals spend the highest proportion of income on maintaining their lifestyle, while inheritors are more likely to hire celebrity performers for lavish family events.
4) Luxury purchases like jewelry, homes, and vacations remain priorities for the ultra-
D.R. The Importance of Tourism in Relation to EconomicsJennifer Galván
The Dominican Republic has the ninth largest economy in Latin America and is dependent on agriculture, trade, and services. Tourism accounts for over $1 billion in annual earnings and is a major driver of the economy. The tourism sector has increased 6.3% annually in recent years, with Punta Cana receiving approximately 2.5 million visitors in 2013, mostly from the United States. As the tourism industry and sectors like hotels and restaurants have grown, it has helped strengthen the Dominican Republic's economy by decreasing unemployment and reducing poverty.
Amy Hetherman BarrieLicious Field Experience ReportAmy Hetherman
The document summarizes Amy Hetherman's experience volunteering at the BarrieLicious food festival held at the Barrie Country Club. The festival ran for two weeks in January and February 2016, with varying menus offered each day. Amy observed the busy kitchen and different dining room operations during her shift. While some challenges occurred, like confusing table setup, issues were addressed professionally. Overall the experience gave Amy new appreciation for all roles involved in running a successful dining operation during a large event.
Revenue management is important for golf courses to maximize profits. Golf demand varies seasonally and over time. Golf courses can implement revenue management strategies like offering discounted prices for less popular tee times to better allocate tee times. For private clubs, promoting special member rates and packages can help increase revenue while maintaining exclusivity. Developing programs to improve pace of play also aims to attract and retain more golfers. Conducting research on player preferences helps golf courses tailor membership and pricing options to different segments, like those willing to pay premium prices for quick rounds.
Future of Private Golf and Country Club MembershipsSharon Litchfield
This document discusses the future of private golf and country club membership. It provides background on the history of golf clubs in the US and how they originated. Developer-built clubs now outnumber the traditional clubs. Membership and initiation fees have traditionally ensured exclusivity but many clubs are now struggling with declining membership. Survey responses from industry professionals suggest that lowering fees may attract more members in the short-term but devalues the club and fails to address underlying financial issues in the long-run. Strategic planning is important to adapt clubs to changing trends and demographics.
The document summarizes a report on the economic impact of the golf industry in the United States in 2011. It finds that:
- The U.S. golf economy generated $68.8 billion in goods and services in 2011, down 9.4% from 2005, primarily due to declines in golf real estate and construction.
- Golf's total economic impact on the U.S. economy in 2011 was $176.8 billion in output, supporting 1.98 million jobs and $55.6 billion in wages.
- Golf facility operations were the largest component of the golf economy, generating $29.9 billion in revenues in 2011.
LONU046 International Hospitality And Tourism Management.docxstirlingvwriters
This document discusses the impacts of hosting major international events like the FIFA World Cup on local, national, and international levels. On a local level, there are significant economic benefits from tourism and spending. Nationally, there are boosts to infrastructure, tourism, culture, and foreign investment. Internationally, there can be impacts on politics, fan cultures, and commercialization. The document also examines how to manage the various economic, social, and environmental legacies of such an event to maximize benefits and mitigate issues around areas like pollution and overspending. Communication strategies like engaging stakeholders, social media, and official websites are also discussed.
Introduction With the world cups transforming into a reserved.pdfsdfghj21
The document discusses the impacts of hosting major international events like the FIFA World Cup at the national, local, and international levels. At the national level, there are significant economic benefits from increased tourism and investment. Locally, there are job creation and economic growth effects. Internationally, events can strengthen national identity but also see issues like hooliganism. The document also examines managing the economic, environmental, and social legacies of such events to maximize benefits and mitigate problems.
The document discusses spending patterns among India's ultra-wealthy individuals. Some key points:
1) A survey found that India's ultra-rich have not significantly scaled back spending due to the global economic slowdown, with expenditures on luxury goods and experiences remaining consistent.
2) While overall spending has increased due to inflation, savings levels have remained stable and cutbacks have only been on primary business investments and philanthropy.
3) The survey also found that professionals spend the highest proportion of income on maintaining their lifestyle, while inheritors are more likely to hire celebrity performers for lavish family events.
4) Luxury purchases like jewelry, homes, and vacations remain priorities for the ultra-
D.R. The Importance of Tourism in Relation to EconomicsJennifer Galván
The Dominican Republic has the ninth largest economy in Latin America and is dependent on agriculture, trade, and services. Tourism accounts for over $1 billion in annual earnings and is a major driver of the economy. The tourism sector has increased 6.3% annually in recent years, with Punta Cana receiving approximately 2.5 million visitors in 2013, mostly from the United States. As the tourism industry and sectors like hotels and restaurants have grown, it has helped strengthen the Dominican Republic's economy by decreasing unemployment and reducing poverty.
Amy Hetherman BarrieLicious Field Experience ReportAmy Hetherman
The document summarizes Amy Hetherman's experience volunteering at the BarrieLicious food festival held at the Barrie Country Club. The festival ran for two weeks in January and February 2016, with varying menus offered each day. Amy observed the busy kitchen and different dining room operations during her shift. While some challenges occurred, like confusing table setup, issues were addressed professionally. Overall the experience gave Amy new appreciation for all roles involved in running a successful dining operation during a large event.
Revenue management is important for golf courses to maximize profits. Golf demand varies seasonally and over time. Golf courses can implement revenue management strategies like offering discounted prices for less popular tee times to better allocate tee times. For private clubs, promoting special member rates and packages can help increase revenue while maintaining exclusivity. Developing programs to improve pace of play also aims to attract and retain more golfers. Conducting research on player preferences helps golf courses tailor membership and pricing options to different segments, like those willing to pay premium prices for quick rounds.
Future of Private Golf and Country Club MembershipsSharon Litchfield
This document discusses the future of private golf and country club membership. It provides background on the history of golf clubs in the US and how they originated. Developer-built clubs now outnumber the traditional clubs. Membership and initiation fees have traditionally ensured exclusivity but many clubs are now struggling with declining membership. Survey responses from industry professionals suggest that lowering fees may attract more members in the short-term but devalues the club and fails to address underlying financial issues in the long-run. Strategic planning is important to adapt clubs to changing trends and demographics.
The document summarizes a report on the economic impact of the golf industry in the United States in 2011. It finds that:
- The U.S. golf economy generated $68.8 billion in goods and services in 2011, down 9.4% from 2005, primarily due to declines in golf real estate and construction.
- Golf's total economic impact on the U.S. economy in 2011 was $176.8 billion in output, supporting 1.98 million jobs and $55.6 billion in wages.
- Golf facility operations were the largest component of the golf economy, generating $29.9 billion in revenues in 2011.
LONU046 International Hospitality And Tourism Management.docxstirlingvwriters
This document discusses the impacts of hosting major international events like the FIFA World Cup on local, national, and international levels. On a local level, there are significant economic benefits from tourism and spending. Nationally, there are boosts to infrastructure, tourism, culture, and foreign investment. Internationally, there can be impacts on politics, fan cultures, and commercialization. The document also examines how to manage the various economic, social, and environmental legacies of such an event to maximize benefits and mitigate issues around areas like pollution and overspending. Communication strategies like engaging stakeholders, social media, and official websites are also discussed.
Introduction With the world cups transforming into a reserved.pdfsdfghj21
The document discusses the impacts of hosting major international events like the FIFA World Cup at the national, local, and international levels. At the national level, there are significant economic benefits from increased tourism and investment. Locally, there are job creation and economic growth effects. Internationally, events can strengthen national identity but also see issues like hooliganism. The document also examines managing the economic, environmental, and social legacies of such events to maximize benefits and mitigate problems.
The document proposes hosting a music festival at Daytona International Speedway to attract younger audiences. NASCAR is declining in popularity and attendance. However, music festivals are hugely popular experiences for millennials. The proposal is to host the Daytona Waves Music Festival in March 2020 to coincide with spring break. This would attract thousands of students to Daytona Beach and provide a new revenue stream for the Speedway. Projections estimate the first festival would generate $3.25 million in revenue with $968,650 in expenses, resulting in a profit of $2.286 million.
Celso Schvartzer, Commercial Development Director of Dream Factory Sports, explains the importance of recent major sports events worldwide to hosting cities and how sponsors and service providers can benefit from such events, especially the 2014 World Cup in Brazil.
Toyota should expand into the Indian market by marketing its larger vehicles like the Camry and SUVs like the RAV4 to middle and high-income Indian households. Toyota could also introduce electric scooters and motorbikes targeted at rural Indian consumers. A promotional event like a raffle to win a Toyota Camry at an auto show could increase exposure. The target market for such a raffle would be males over 18 earning over $50,000 with a college degree, who make up over 60% of auto show attendees.
The document summarizes the key highlights and concerns from the Philippine economy's growth in 2012, and identifies reforms still needed to realize the country's full potential and enable sustainable inclusive growth. Some of the major successes highlighted include 6.6% GDP growth, strong performance in industry, construction and services. However, concerns remain around unemployment, lagging infrastructure, attracting more foreign direct investment, and ensuring growth benefits all economic levels. Priorities for reform discussed include improving agriculture, accelerating public-private partnerships for infrastructure, strengthening manufacturing competitiveness, and reforming policies around mining and tourism. Constitutional amendments to further open the economy to foreign investment are also proposed.
Ashley Ross A Study on Travel Motivation and Characteristic of Golf Tourist i...Ashley Ross Ropaie
This proposal aims to study the motivations and characteristics of golf tourists in Malaysia. It will identify key motivation factors and classify golf tourists into distinct clusters based on similar reasons and motivations for traveling. This will lead to developing a profile for each cluster based on personal and travel information. The purpose is to help golf tourism organizations in Malaysia better understand and target different market segments to improve their strategies. The golf tourism industry in Malaysia has grown since 2011 but more data is still needed. This study could provide valuable insights for golf clubs and resorts.
By 2016, The Global Money Remittance Market is Expected to Grow at a CAGR 6.4%AMMindpower
According to a report titled “Global Money Remittance Industry - Performance and Forecast 2016” which provides a comprehensive analysis on global money remittance market.
For more information please refer to the below mentioned link:
http://www.ammindpower.com/report.php?A=233&T=D&S=93
In 2010, Global Remittance Flow Showed a Growth Rate of 4.33%AMMindpower
The document provides an overview of the global golf industry performance worldwide. It discusses the structure of the golf industry and key segments. The US golf industry is one of the largest in the world but has seen slower growth in recent years due to economic factors. The European golf industry has benefited from rising golf participation, particularly in the UK and Ireland, however revenues from golf facilities and equipment have been unstable in recent years. Golf demand and the economy are closely linked, so macroeconomic conditions significantly impact industry performance.
Global Golf Industry, Participation and Growth ForecastAMMindpower
The document provides an overview of the global golf industry performance worldwide. It discusses the structure of the golf industry and key segments. The US golf industry is one of the largest in the world but has seen slower growth in recent years due to economic factors. The European golf industry has benefited from rising golf participation, particularly in the UK and Ireland, however revenues from golf facilities and equipment have been unstable in recent years. Golf demand and the economy are closely linked, so macroeconomic conditions significantly impact industry performance.
The European Golf Industry is Benefiting from Rising Golf Participation Rate ...AMMindpower
The document provides an overview of the global golf industry performance worldwide. It discusses the structure of the golf industry and key segments. The US golf industry is one of the largest in the world but has seen slower growth in recent years due to economic factors. The European golf industry has benefited from rising golf participation, particularly in the UK and Ireland, however revenues from golf facilities and equipment have been unstable in recent years. Golf demand is also emerging in countries like China and India.
In 2010, Global Remittance Flow Showed a Growth Rate of 4.33%AMMindpower
The report highlights the above mentioned fact along with the detailed analysis of the various aspects such as remittance industry in Europe, Latin America, US and Asia.
For more information please refer to the below mentioned link:
http://www.ammindpower.com/report.php?A=233&T=D&S=93
A Major Portion of the Demand for Golf Equipment is Coming from Western Part ...AMMindpower
The report titled “Global Golf Industry, Participation and Growth Forecast” highlights the above mentioned fact along with the detailed analysis of the various aspects of the golf industry in the US, Europe and Asia, golf course revenues, equipment supplies, rounds played and number of golfers.
For more information please refer to the below mentioned link:
http://www.ammindpower.com/report.php?A=231&T=D&S=95
Sports Tournaments and Local Economies - Copeland-Cox Mobile Tennis CenterAshton Richardson
The document analyzes the relationship between tennis tournaments held at the Mobile Copeland-Cox Tennis Center and hotel occupancy rates in Mobile, Alabama. An OLS regression found that tennis tournaments have a statistically significant positive relationship with hotel occupancy rates, indicating they bring in additional visitors. Specifically, each tennis tournament is associated with 507 additional occupied hotel rooms. While the study has limitations, it provides evidence that tennis complexes can boost local economies by increasing tourism.
The economic impact of the 3M Championship Golf Tournament in 2010 was assessed using University of Minnesota’s Economic Impact Analysis (EIA) program.
This 3-sentence summary provides the key information from the investor relations presentation document:
The presentation provides an overview of XO Group Inc., which owns wedding and baby brands including The Knot and The Bump. It discusses the company's financial performance, strategies to transition away from underperforming businesses and invest in growth areas like its marketplace products. The presentation also reviews the company's capital allocation priorities and provides an update on its first quarter 2017 financial results.
The document describes a proposed television series called "The Business of Golf" that would profile companies using golf to conduct business. It would air as a paid programming series on golf and business-focused channels. Each 30-minute episode would feature business profiles, sponsor segments, and discussions of golf's impact on relationships and deals. The series is meant to answer how companies help people use golf for business purposes. It would be produced by professionals with television and golf business experience and distributed nationally on cable channels from April to October.
The document summarizes a business plan for a proposed indoor soccer club called "El tapete" in Bogota, Colombia. It will have 5 indoor soccer fields located within 10 minutes of residential neighborhoods totaling 7,000 residents and a nearby university. The capital needed is $290,000 USD to construct the fields, facilities, and parking lot. Monthly income is projected at $30,000 USD from field rentals with additional income from food/drink and events. The objectives are to develop a youth soccer academy and host tournaments to occupy the fields 90% of rush hours. The mission is to provide locals a year-round soccer facility.
The document summarizes a business plan for a proposed indoor soccer club called "El tapete" in Bogota, Colombia. It will have 5 indoor soccer fields located within 10 minutes of residential neighborhoods totaling 7,000 residents and a nearby university. The capital needed is $290,000 USD to construct the fields, facilities, and parking lot. Monthly income is projected at $30,000 USD from field rentals with additional income from food/drink and events. The objectives are to develop a youth soccer academy and host tournaments to occupy the fields 90% of rush hours. The mission is to provide locals a year-round soccer facility.
The document is an annual report for Fraser Coast Opportunities Ltd (FCO) for the 2013-2014 financial year. It summarizes that FCO achieved over $11 million in media publicity, $41 million in economic activity from signature events, 648,000 visitors generating $332.7 million, and grew the local economy to $3.41 billion and employment by 2%. The Chairman and General Manager messages highlight the successful first year of FCO and its integrated approach to tourism, events, and economic development.
A Global Perspective on the Environmental Impact of Golf.pdfErica Thompson
This document discusses the environmental impact of golf on a global scale. It notes that while golf takes place outdoors, golf course development and maintenance can harm the environment. The growth of golf has led to an increase in courses worldwide, covering millions of acres of land. However, concerns have emerged regarding the chemicals used on courses, their high water consumption, and the effects of construction on local ecosystems. Some developers have made efforts to reduce golf's environmental footprint, but problems still exist, especially in developing countries where oversight is weaker. The media's promotion of golf has both increased environmental awareness but also fueled the sport's growth and its negative environmental consequences in some areas.
Halifax Convention Centre: Review of the Economic ImpactsHalifax Partnership
This document summarizes several economic impact studies on the proposed Halifax Convention Centre and related projects. It finds that the full project, including a hotel, convention centre, office building and residences, is estimated to generate between $230-345 million in GDP during construction and over $40 million per year in ongoing GDP once operational. It would also create 3,400-5,000 person-years of employment during construction and significantly boost tax revenues. The studies find the project could make Halifax more economically competitive and help retain population as other economies recover from recession.
The document outlines the opening and closing duties for a golf lab. The opening duties include unlocking the door, turning on lights and equipment, preparing the TrackMan and Quintic programs, checking tee times online and posting available times. Closing duties are reversing the opening steps like turning off equipment, cleaning, locking cabinets and turning off lights before locking the door.
The document outlines the policies and procedures for the Georgian College Golf Lab for 2015/2016. It details the opening and closing duties of employees, dress code, booking policies, hours of operation, and cancellation policies. It also describes the various technologies available in the lab including TrackMan, HD Golf, and Quintic and how to utilize them to analyze golf swings and improve performance. The goal is to provide students with the best experience and resources to enhance their games.
The document proposes hosting a music festival at Daytona International Speedway to attract younger audiences. NASCAR is declining in popularity and attendance. However, music festivals are hugely popular experiences for millennials. The proposal is to host the Daytona Waves Music Festival in March 2020 to coincide with spring break. This would attract thousands of students to Daytona Beach and provide a new revenue stream for the Speedway. Projections estimate the first festival would generate $3.25 million in revenue with $968,650 in expenses, resulting in a profit of $2.286 million.
Celso Schvartzer, Commercial Development Director of Dream Factory Sports, explains the importance of recent major sports events worldwide to hosting cities and how sponsors and service providers can benefit from such events, especially the 2014 World Cup in Brazil.
Toyota should expand into the Indian market by marketing its larger vehicles like the Camry and SUVs like the RAV4 to middle and high-income Indian households. Toyota could also introduce electric scooters and motorbikes targeted at rural Indian consumers. A promotional event like a raffle to win a Toyota Camry at an auto show could increase exposure. The target market for such a raffle would be males over 18 earning over $50,000 with a college degree, who make up over 60% of auto show attendees.
The document summarizes the key highlights and concerns from the Philippine economy's growth in 2012, and identifies reforms still needed to realize the country's full potential and enable sustainable inclusive growth. Some of the major successes highlighted include 6.6% GDP growth, strong performance in industry, construction and services. However, concerns remain around unemployment, lagging infrastructure, attracting more foreign direct investment, and ensuring growth benefits all economic levels. Priorities for reform discussed include improving agriculture, accelerating public-private partnerships for infrastructure, strengthening manufacturing competitiveness, and reforming policies around mining and tourism. Constitutional amendments to further open the economy to foreign investment are also proposed.
Ashley Ross A Study on Travel Motivation and Characteristic of Golf Tourist i...Ashley Ross Ropaie
This proposal aims to study the motivations and characteristics of golf tourists in Malaysia. It will identify key motivation factors and classify golf tourists into distinct clusters based on similar reasons and motivations for traveling. This will lead to developing a profile for each cluster based on personal and travel information. The purpose is to help golf tourism organizations in Malaysia better understand and target different market segments to improve their strategies. The golf tourism industry in Malaysia has grown since 2011 but more data is still needed. This study could provide valuable insights for golf clubs and resorts.
By 2016, The Global Money Remittance Market is Expected to Grow at a CAGR 6.4%AMMindpower
According to a report titled “Global Money Remittance Industry - Performance and Forecast 2016” which provides a comprehensive analysis on global money remittance market.
For more information please refer to the below mentioned link:
http://www.ammindpower.com/report.php?A=233&T=D&S=93
In 2010, Global Remittance Flow Showed a Growth Rate of 4.33%AMMindpower
The document provides an overview of the global golf industry performance worldwide. It discusses the structure of the golf industry and key segments. The US golf industry is one of the largest in the world but has seen slower growth in recent years due to economic factors. The European golf industry has benefited from rising golf participation, particularly in the UK and Ireland, however revenues from golf facilities and equipment have been unstable in recent years. Golf demand and the economy are closely linked, so macroeconomic conditions significantly impact industry performance.
Global Golf Industry, Participation and Growth ForecastAMMindpower
The document provides an overview of the global golf industry performance worldwide. It discusses the structure of the golf industry and key segments. The US golf industry is one of the largest in the world but has seen slower growth in recent years due to economic factors. The European golf industry has benefited from rising golf participation, particularly in the UK and Ireland, however revenues from golf facilities and equipment have been unstable in recent years. Golf demand and the economy are closely linked, so macroeconomic conditions significantly impact industry performance.
The European Golf Industry is Benefiting from Rising Golf Participation Rate ...AMMindpower
The document provides an overview of the global golf industry performance worldwide. It discusses the structure of the golf industry and key segments. The US golf industry is one of the largest in the world but has seen slower growth in recent years due to economic factors. The European golf industry has benefited from rising golf participation, particularly in the UK and Ireland, however revenues from golf facilities and equipment have been unstable in recent years. Golf demand is also emerging in countries like China and India.
In 2010, Global Remittance Flow Showed a Growth Rate of 4.33%AMMindpower
The report highlights the above mentioned fact along with the detailed analysis of the various aspects such as remittance industry in Europe, Latin America, US and Asia.
For more information please refer to the below mentioned link:
http://www.ammindpower.com/report.php?A=233&T=D&S=93
A Major Portion of the Demand for Golf Equipment is Coming from Western Part ...AMMindpower
The report titled “Global Golf Industry, Participation and Growth Forecast” highlights the above mentioned fact along with the detailed analysis of the various aspects of the golf industry in the US, Europe and Asia, golf course revenues, equipment supplies, rounds played and number of golfers.
For more information please refer to the below mentioned link:
http://www.ammindpower.com/report.php?A=231&T=D&S=95
Sports Tournaments and Local Economies - Copeland-Cox Mobile Tennis CenterAshton Richardson
The document analyzes the relationship between tennis tournaments held at the Mobile Copeland-Cox Tennis Center and hotel occupancy rates in Mobile, Alabama. An OLS regression found that tennis tournaments have a statistically significant positive relationship with hotel occupancy rates, indicating they bring in additional visitors. Specifically, each tennis tournament is associated with 507 additional occupied hotel rooms. While the study has limitations, it provides evidence that tennis complexes can boost local economies by increasing tourism.
The economic impact of the 3M Championship Golf Tournament in 2010 was assessed using University of Minnesota’s Economic Impact Analysis (EIA) program.
This 3-sentence summary provides the key information from the investor relations presentation document:
The presentation provides an overview of XO Group Inc., which owns wedding and baby brands including The Knot and The Bump. It discusses the company's financial performance, strategies to transition away from underperforming businesses and invest in growth areas like its marketplace products. The presentation also reviews the company's capital allocation priorities and provides an update on its first quarter 2017 financial results.
The document describes a proposed television series called "The Business of Golf" that would profile companies using golf to conduct business. It would air as a paid programming series on golf and business-focused channels. Each 30-minute episode would feature business profiles, sponsor segments, and discussions of golf's impact on relationships and deals. The series is meant to answer how companies help people use golf for business purposes. It would be produced by professionals with television and golf business experience and distributed nationally on cable channels from April to October.
The document summarizes a business plan for a proposed indoor soccer club called "El tapete" in Bogota, Colombia. It will have 5 indoor soccer fields located within 10 minutes of residential neighborhoods totaling 7,000 residents and a nearby university. The capital needed is $290,000 USD to construct the fields, facilities, and parking lot. Monthly income is projected at $30,000 USD from field rentals with additional income from food/drink and events. The objectives are to develop a youth soccer academy and host tournaments to occupy the fields 90% of rush hours. The mission is to provide locals a year-round soccer facility.
The document summarizes a business plan for a proposed indoor soccer club called "El tapete" in Bogota, Colombia. It will have 5 indoor soccer fields located within 10 minutes of residential neighborhoods totaling 7,000 residents and a nearby university. The capital needed is $290,000 USD to construct the fields, facilities, and parking lot. Monthly income is projected at $30,000 USD from field rentals with additional income from food/drink and events. The objectives are to develop a youth soccer academy and host tournaments to occupy the fields 90% of rush hours. The mission is to provide locals a year-round soccer facility.
The document is an annual report for Fraser Coast Opportunities Ltd (FCO) for the 2013-2014 financial year. It summarizes that FCO achieved over $11 million in media publicity, $41 million in economic activity from signature events, 648,000 visitors generating $332.7 million, and grew the local economy to $3.41 billion and employment by 2%. The Chairman and General Manager messages highlight the successful first year of FCO and its integrated approach to tourism, events, and economic development.
A Global Perspective on the Environmental Impact of Golf.pdfErica Thompson
This document discusses the environmental impact of golf on a global scale. It notes that while golf takes place outdoors, golf course development and maintenance can harm the environment. The growth of golf has led to an increase in courses worldwide, covering millions of acres of land. However, concerns have emerged regarding the chemicals used on courses, their high water consumption, and the effects of construction on local ecosystems. Some developers have made efforts to reduce golf's environmental footprint, but problems still exist, especially in developing countries where oversight is weaker. The media's promotion of golf has both increased environmental awareness but also fueled the sport's growth and its negative environmental consequences in some areas.
Halifax Convention Centre: Review of the Economic ImpactsHalifax Partnership
This document summarizes several economic impact studies on the proposed Halifax Convention Centre and related projects. It finds that the full project, including a hotel, convention centre, office building and residences, is estimated to generate between $230-345 million in GDP during construction and over $40 million per year in ongoing GDP once operational. It would also create 3,400-5,000 person-years of employment during construction and significantly boost tax revenues. The studies find the project could make Halifax more economically competitive and help retain population as other economies recover from recession.
Similar to Amy Hetherman Kyle Blohm Assignment 2 (20)
The document outlines the opening and closing duties for a golf lab. The opening duties include unlocking the door, turning on lights and equipment, preparing the TrackMan and Quintic programs, checking tee times online and posting available times. Closing duties are reversing the opening steps like turning off equipment, cleaning, locking cabinets and turning off lights before locking the door.
The document outlines the policies and procedures for the Georgian College Golf Lab for 2015/2016. It details the opening and closing duties of employees, dress code, booking policies, hours of operation, and cancellation policies. It also describes the various technologies available in the lab including TrackMan, HD Golf, and Quintic and how to utilize them to analyze golf swings and improve performance. The goal is to provide students with the best experience and resources to enhance their games.
NGCOA Marketing Analysis Final Report (1)Amy Hetherman
The document summarizes a survey conducted at the NGCOA Spring Warm-Up event. Key findings include:
- Most attendees were male (83.7%), with an average of 17 years' experience in the golf industry.
- The majority heard about the event through email or their director.
- Attendees ranked interactions with students and the overall atmosphere highly, while the meeting and learning portions scored slightly lower.
- More females reported being "extremely satisfied" compared to males, who reported a more varied level of satisfaction.
NGCOA Central Ontario Spring Warm Up 2016 SurveyAmy Hetherman
This survey document contains questions for attendees of the NGCOA Central Ontario Spring Warm Up 2016 event to provide feedback on their experience. The 9 questions ask about the attendee's history with the event, how they heard about it, their main reason for attending, ratings of satisfaction with various event features, what aspect was most beneficial, their position and years in the golf industry, gender, and distance traveled to the event. The document requests any additional suggestions for future events.
The document proposes adding a health and fitness center to the Barrie Golf and Country Club to increase engagement and attract new members. It analyzes trends in the golf industry and fitness, identifies opportunities to convert unused space, and provides construction cost estimates and budget projections. The proposal recommends building the fitness center using the existing space to reduce costs and offering various membership levels to reach more demographics and generate additional revenue to offset initial costs.
This document summarizes research on superstition in sports. Several studies found that athletes and fans are more likely to engage in superstitious behaviors when they highly identify with a team, a game is close rather than a blowout, or a task is more difficult. Additionally, studies showed that superstitions may provide a psychological placebo effect and increase confidence. However, superstitions do not actually improve performance - hard work and skills are what athletes rely on. Men and higher-level athletes tend to be more superstitious than women and lower-level participants. While superstitions are common, they are ultimately not effective and similar to pre-game routines in providing a sense of control.
Followership refers to the capacity or willingness to follow a leader. Effective followership is important for any group or organization to succeed. Followers can develop skills valuable for future leadership through consciously managing their relationship with their direct superiors. Followers want opportunities for growth, clarity of direction, frequent feedback, and protection from organizational intrusions from their leaders, while leaders want followers who have a "make it happen" attitude, willingness to collaborate, motivation to learn, and passion for self-improvement. There are different styles of followership including effective, passive, alienated, conformist, and pragmatic survivors.
1. RUNNING HEAD: ECONOMIC IMPACT OF GOLF FOR CANADA
Assignment #2 - Impact & Multipliers
Amy Hetherman & Kyle Blohm
Georgian College
Event Management
HSPM 3001
Debra Bobchenko
February 17th, 2016
2. ECONOMIC IMPACT OF GOLF FOR CANADA 1
Critical Analysis of the Case Study (NAGA 2014 Economic Impact of Golf in Canada)
This study was a nation-wide survey conducted by NAGA (National Allied Golf
Associations) of nearly 15,000 golfers and over 300 golf courses in ten provinces and three
territories. The goal of this study was to determine the economic impact of the golf industry in
Canada. The study was conducted by SNG Solutions Inc. in 2009. The evidence provided in the
study was updated in 2014. The results of the study demonstrate the role the golf industry plays
within Canada in terms of its contribution the GDP in Canada as well as other spin-off economic
impacts (things such as jobs and income at the national, provincial and territorial scales).
The study was able to determine that the golf industry in Canada is the cause of $19.7
billion in direct spending. Based on the induced, direct, indirect impacts account for $14.3 billion
of Canada’s GDP in 2013. This is an increase of $2.1 billion from 2012. The other notable
contributions include but are not limited to: 300,000 + jobs, $8.3 billion in household spending,
$1.4 billion in property and other indirect taxes, $2.2 billion in federal and provincial income
taxes. Golf in Canada is responsible for generating a total of $36.8 billion in total gross
production.
On top of these economic contributions the golf industry has on Canada’s economy it also allows
an opportunity for the following, environmental benefits, participation in sport, charitable
activities, and a boost to tourism.
In summary of this article it is clear to see that the golf industry in Canada plays a major role on
the economy within provinces and across the entire country. Ontario leads the way generating
approximately $5.4 billion towards Ontario’s GDP. This is most by any individual province by a
large margin.
3. ECONOMIC IMPACT OF GOLF FOR CANADA 2
Golf has at least a minimalistic impact on every province and territory in Canada. In
2014, as part of their Economic Impact of Golf in Canada Study, SNG Solutions, Inc. for the
National Allied Golf Associations identified the basic percentage of economic impact that golf
has on the individual provinces and territories. The percentages range from 37.9% impact in
Ontario, to 0.1% of impact in the Yukon Territory, (SNG Solutions, Inc., 2014, p. 8).
Specifically, to look at British Columbia, the report states some key important points. For
example; “golf contributes an estimated $2.08 billion towards their GDP… [,] 44,000 jobs… [,]
$1.27 billion in household income… [,] $167 million in property and other indirect taxes… [,]
and about 298 million in federal and provincial income taxes…” (SNG Solutions, Inc., 2014, p.
12).
The golf industry has an impact on many different aspects of the country and province. A
prime example is how they impact the social aspect of the country. When the PGA of British
Columbia hosts their events throughout the year they are able to bring together more people and
gather as a community and make it more enjoyable for a group and make it more of a social
event for the people of the communities that surround it. This can help the province come
together and make the event a big success. That being said these large events are sometimes a
bad side since the crowds can cause a big problem for the event organizers and even the
community surrounding the event.
The environmental impacts of golf in British Columbia is just as big as it is in any other
province. Golf is typically one of the largest suppliers of bad environmental practices. Therefore,
having golf in anyone’s province has no guaranteed way to help or hinder said province.
Finally, the tourism impacts of having golf in BC is the largest impact they can have. BC
has one of the largest number of golf course populations in the country. With a multitude of golf
4. ECONOMIC IMPACT OF GOLF FOR CANADA 3
courses and golf resorts they are able to utilize their success to the provinces advantage. Overall
the province is able to use golf as a tourist draw, especially during the winter, when the rest of
the country is covered in snow and BC has better weather.
The large golfing event that I am choosing to focus on is the Toronto Golf show. The
Toronto Golf show is held once a year to promote anything golf related. It features many top
courses, and companies within the golf industry. An event such as the Toronto Golf show will
generate a substantial amount of money for the local economy. This money will make more
money and this is known as the multiplier effect. The multiplier effect is also commonly referred
to as the ripple effect. The multiplier/ripple effect is the new money that is being injected into a
local economy from outside sources. The outside sources are the exhibitors presenting at the
event as well as the people attending the event that are from out of town. The Toronto Golf show
brings in people from all over the world. In doing so these individuals that are here for the show
need a place to stay (most likely a hotel), and they also have to eat (whether it be fast food or
from the local grocery store). In fact, the event website actually lists a potential set of
accommodations. (Toronto Golf Show, 2016) The money they are using on these things was
brought with them from wherever they are from. Once it is spent the money stays within the
economy in which it was spent in. In this case Toronto receives a boost from hosting this event.
This also will extend to other types retail stores as tourists and those visiting for the event may
potentially go shopping and purchase things which will also add money into the Toronto
economy.
The money that is injected into the economy could potentially have a compounding
effect. What I mean by this is the money that is spent will put more money into someone else’s
pocket, thus that individual may respond by going out spending what they had recently earned
5. ECONOMIC IMPACT OF GOLF FOR CANADA 4
and some additional funds of their own as well. Money makes more money is what I am trying to
say. Another scenario I can think of as an example of this would be money that is being spent at
a store such as a Golf Town. With many golf enthusiasts in the area, especially those that don’t
have permanent residence in Toronto a retail store such as Golf Town is likely to see a boost in
sales. That money is reinvested into more product which will also generate additional revenue
for their company; that revenue is used for things such as paying the staff, rent/lease, taxes etc.
The staff will more than likely respond by spending some if not all of their paycheck and
reinvesting it back into the economy. The companies golf town buys their products from will
also get their hands on some of this money. These are the further ripples in the chain of events.
To my count there is currently 191 listed “exhibitors” (Toronto Golf Show, 2016). These
exhibitors will not be attending the event on their own; my guess would be that each exhibitor
listed is likely to have a minimum of three people (some will have more, some less, this is an
average estimate). This would mean exhibitors alone will account for 573 people in Toronto for
this event. However we also cannot assume all of these people are coming from outside of
Toronto. I would ballpark about 50 percent are from out of town. That is approximately 260 to
280 individuals that will be adding money into our economy that would not be doing so without
the event. Keep in mind this is only the exhibitors, there will be many other people attending the
show as well. The number of people is attending as guests is unknown at this point and is subject
to fluctuate from year to year for a variety of reasons. The venue hosting this event will also be
generating additional revenues. Besides the initial fee paid to host the event at its current
location, one can safely assume revenues will also be made off of food and drink, perhaps
parking as well at the minimum.
6. ECONOMIC IMPACT OF GOLF FOR CANADA 5
Eventually some of the money generated/injected into our economy will “leak” out of the
local economy and into another economy. This is known as “leakage”. The good news about
leakage is that there is also potential for money to be leaked into our economy as well.
7. ECONOMIC IMPACT OF GOLF FOR CANADA 6
References
Exhibitors. (2016). Retrieved February 17, 2016, from
http://www.torontogolfshow.com/exhibitors?filter_condition=
Information for Exhibitors. (2016). Retrieved February 17, 2016, from
http://www.torontogolfshow.com/exhibitor-resources
Schedule. (n.d.). Retrieved February 18, 2016, from http://www.pgabc.org/tournaments-and-
events/schedule/2016
SNG Solutions, Inc. (2014, May). NAGA - Key Findings Report - Economic Impact of Golf in
Canada. Retrieved from http://canadagolfs.ca/wp-content/uploads/2014/09/SNG-Golf-
2014-Key-Findings-FINAL-Report-JUNE-2_ENG_Rev0918.pdf