We are delighted to present the latest publication from KPMG Golf Advisory Practice, one which offers an overview of the Caribbean region’s golf market in 2015.
Despite the economic downturn, golf maintains its importance for many Caribbean islands. In our 2009 Caribbean Golf Benchmark Survey, we reported that development activity and supply levels in the region had slowed down significantly, including a sharp decrease in tourism levels in the region. In 2014, the situation proved to be quite different.
According to the Caribbean Tourism Organisation (CTO), tourism levels showed good year-on-year growth in 2014, and we have identified only a moderate recent drop in the overall supply of golf courses – and, promisingly, there are 9 new courses in development with an additional 21 now at the planning phase.
KPMG’s Golf Advisory Practice has been advising several tourism and golf development projects in the Caribbean. In light of new tourism growth and other developments in the region, we have prepared this publication with the aim of providing an overview of the current Caribbean golf market including recent trends and the post-crisis outlook.
We would like to thank the federations and golf course owners from the 17 countries who provided answers to our research questions. Our findings cover 81% of the operating facilities in the region.
If you require any clarification of the contents of this publication or if you wish to discuss our findings, please feel free to contact the KPMG Golf Advisory Team.