GolfTEC Reports Record Sales and Growth in 2016
Centennial, CO, September 7, 2016 (Newswire.com) - GolfTEC – the world leader in golf lessons and top employer of PGA Professionals – announces the 2016 fiscal year has been the most successful in company history, setting records for lessons given, number of students, employees and facilities, as well as total revenue.
Operating more than 200 instructional centers worldwide and conducting 900,000 lessons from September 1, 2015 to August 31, 2016, GolfTEC reports global sales rose nearly 12 percent year-over-year, while total lessons are up 12 percent and in-center merchandise sales climbed 13 percent. Growth has been steady both domestically and abroad with 12 new centers opened in 2016, including state-of-the-art facilities in Japan and Korea.
"While recent headlines on the golf industry have carried a somewhat negative tone, we have experienced nothing but rapid growth that shows no signs of slowing down," said Joe Assell, Co-Founder and CEO at GolfTEC. "This has been the best year in our 21-year history and I'm extremely bullish about the future of GolfTEC."
Joe Assell, Co-Founder and CEO, GolfTEC
The company has experienced unrivaled success in the golf industry in recent years, including a 98% percent increase in revenue since 2010. The largest driver of new business comes by way of referrals from current customers, as leading-edge golf instruction and club-fitting programs have led to a 96 percent success rate among GolfTEC students.
All new GolfTEC centers opening in the coming months, including further expansion in Southeast Asia, will feature updated in-store designs and a variety of exciting new technology. Full details will be announced to the public shortly.
“While recent headlines on the golf industry have carried a somewhat negative tone, we have experienced nothing but rapid growth that shows no signs of slowing down,” said Joe Assell, Co-Founder and CEO at GolfTEC. “This has been the best year in our 21-year history and I’m extremely bullish about the future of GolfTEC.”
In addition to the aforementioned growth statistics, GolfTEC was also named to the 2016 INC. 5000, a list highlighting the “Fastest Growing Companies” in the world. This is the seventh straight year that GolfTEC has received the award.
Additionally in 2016, GolfTEC signed a new strategic alliance with the PGA of America covering key tenants such as employment and education. The company also released the first iteration of its SwingTRU Motion Study, the most fact-based, big data analysis of the golf swing ever conducted, identifying specific body positions within the swing that directly correlate to handicap level and play a key role in improving distance, accuracy and consistent contact.
Each GolfTEC student undergoes a Swing Evaluation to assess their skill level, followed by a certified personal coach recommending a specific game plan, which includes fundamental elements like course strategy and a TECfit® club fitting session. While the majority of lessons are taught indoors in private bays, coaches also accompany players for on-course/outdoor lessons to ensure they are comfortable in real world situations.
The renowned global GolfTEC coaching team is comprised of experienced professionals, most of whom are PGA professionals and have taught thousands of lessons. Each goes through a rigorous multi-week certification at GolfTEC University including continued advanced training to master the analysis of golf swing mechanics, the technology utilized by GolfTEC and the most productive teaching techniques. Committed to strengthening the industry and hiring only the best staff, GolfTEC is the largest employer of PGA Professionals in the world.
To learn more about GolfTEC, please visit www.golftec.com or call 877-446-5383.
About GolfTEC
The world leader in golf lessons and top employer of PGA Professionals has a 96 percent success rate among its students. Since 1995, GolfTEC Certified Personal Coaches, the vast majority of which are PGA Professionals, have given more than 6 million lessons. The company operates 200 centers worldwide (more than 80 within Golfsmith® stores) and has a presence in almost all major U.S. cities, Canada, Hong Kong, Japan and Korea. All lessons are based on the company's "Five Factors:" Fact-Based Diagnosis, Sequential Lessons, Video-Based Practice, Advanced Retention Tools, and TECfit® club fitting. To date, more than 600 GolfTEC Coaches work across a global network of Improvement Centers, consisting of both Corporate-owned and Franchise-owned locations and employees.
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MEDIA CONTACT:
Bill Feidler
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703.615.4034
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Source: GolfTEC
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