Dear Nancy,

Click here to view the latest edition of the PGA PerformanceTrak Newsletter highlighting July and year-to-date golf facility performance for U.S. golf courses. Select highlights included in this month's edition follow.

• U.S. golf facilities posted an increase of roughly 1.0% in golf rounds played for the month of July as compared to July of 2014 with YTD rounds up nearly 2.0%.
• On a national level, golf facilities have reported seven straight months of year-over-year increases in golf merchandise sales, food and beverage revenue and total revenue.
• Gross golf fee revenue through July mirrors YTD 2014 levels. For the first five months of this year, golf fee revenues remained in positive territory. Due to June's decline in rounds and golf fee revenues, the YTD July 2015 golf revenues ended up parallel to last year.
• Approximately 60% of the annual rounds played at U.S. golf facilities have occurred through July.

Please feel free to contact us should you have any questions, suggestions or requests regarding this month's performance and our service.

Sincerely,

Paul Metzler
Senior Director
PGA of America
pmetzler@pgahq.com
Ph: 561-624-8433

Nicole Ferguson-Sutherland
PerformanceTrak Supervisor
PGA of America
nferguson@pgahq.com
Ph: 561-624-8574

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