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It is remarkable to think that in 1985 Central & Eastern Europe (CEE) only had 10 golf courses. Now, with recognition as a growth hotspot from golf’s leading architects (see KPMG’s Golf Development Cost Survey 2014), golf in CEE serves as a very attractive extra feature within a number of touristic resorts and residential communities existing or under development in the region.
The current economic climate in certain countries has allowed golf in CEE to develop and cater to both domestic and international demand. The sport’s steady growth over the past 25 years has left the region’s golf industry relatively unscathed by the global economic crisis. The CEE golf sector still offers vast potential for development.
This latest publication, looks at three different types of CEE golf markets: the golf stronghold (Czech Republic), an emerging sea-side destination (Bulgaria) and Europe’s untapped potential (Albania). Having provided a look into development trends in these respective markets, it reaffirms the contention that golf is being recognized as an emerging sport and remains an attractive extra feature within resorts or residential communities. In terms of development, CEE is growing while other established European markets are rather stagnant.
This snapshot provides an overview of current demand and supply trends in the golf industry across CEE. The Appendix contains a detailed table of statistics covering all golf markets in the region
The report can downloaded at golfbenchmark.com
