JEJU, Feb. 8 (Korea Bizwire) — The number of visitors to golf courses on the southern resort island of Jeju is declining as overseas flights have resumed and golfers look abroad, data showed Tuesday. According to data from Jeju’s provincial government, the number of visitors to the island’s 32 golf courses stood at 253,453 in [...]
SEOUL, Feb. 3 (Korea Bizwire) — As international flight routes begin to reopen, demand for golf trips is on the rise. Kyowon Tour Co.’s travel brand Travel Easy reported that last year’s reservation rate for oversea golf trips increased during all four annual quarters. In the second annual quarter, the reservation rate jumped by 47 [...]
SEOUL, Dec. 16 (Korea Bizwire) — As South Korea’s golf course industry continues to expand, it is nearing the size of Japan’s, data showed Thursday. The Korea Leisure Industry Research Institute reported that the size of last year’s golf course industry in South Korea reached 8.5 trillion won (US$6.54 billion), including caddy fees. The country’s [...]
SEOUL, Nov. 2 (Korea Bizwire) — South Koreans in their 20s and 30s are turning from golf to hiking amid high inflation. Growth of outdoor gear revenue generated by those young people has outpaced the growth of golf revenue since September, according to industry sources. For Hyundai Department Store, the golf revenue generated by those [...]
SEOUL, Aug. 11 (Korea Bizwire) — Per-team caddie fees at South Korean public golf courses rose sharply over the past 10 years, a civic group said Wednesday. According to the Golf Consumer Agency of Korea, domestic public golf courses’ per-team caddie fees rose to 138,500 won (US$106) in August, up 39.5 percent from 99,300 won [...]
SEOUL, July 7 (Korea Bizwire) — Recent data projects that the number of golfers per golf course in South Korea will decrease by 2026. According to a white paper published by the Korea Leisure Industry Institute, the number of golfers per golf course is expected to decline by 22.1 percent by 2026 at golf courses [...]
SEOUL, June 22 (Korea Bizwire) — The golf industry has enjoyed a major boom during the pandemic era, data showed Tuesday. Credit card giant BC Card Co., in a study of golf-related sales for the period between June 2019 and May 2022, showed that golf courses and golf practice facilities saw their sales rise by [...]
SEOUL, April 14 (Korea Bizwire) — The overall perception that golf is a luxury sport has halved over the past 30 years, a survey showed Wednesday. Gallup Korea conducted a survey of 1,004 South Koreans over 18 years of age, 36 percent of whom believed that golf is a luxurious sport. Another 59 percent believed [...]
New York, April 4 (Korea Bizwire) – The best sports stars are choosing to travel with VistaJet, the first and only global business aviation company. Ahead of The 2022 Masters Tournament commencing this week, Champion male golfer, Jon Rahm, is officially unveiled as a VistaJet Program Member and Brand Ambassador. The announcement comes at a time when demand for safe, [...]
SEOUL, March 30 (Korea Bizwire) — The number of golf course users in South Korea passed the 50 million mark last year for the first time in history. According to a survey conducted by the Korea Golf Course Business Association of 505 golf courses with more than six holes throughout the country, the number of [...]