The Company’s entertainment golf business, comprised of both Drive Shack and Puttery venues, generated total revenue of $15.7 million in the second quarter 2022, an increase of $4.1 million, or 35.6% compared to $11.6 million in the second quarter 2021. Total revenue for the second quarter 2022 was $86.7 million, an increase of $12.8 million or 17.3%, compared to $73.9 million in the same period last year. We are gaining clear proof of concept with our Puttery brand, and we are confident it presents the best path-forward for growth and profitability for the foreseeable future.” Puttery Houston is planned to open next month and Chicago will follow shortly thereafter. Our newest Puttery opened on June 21st in Washington D.C.’s Penn Quarter and while they are still in their initial stages of operations, their key metrics are aligning closely to those in The Colony and Charlotte. Khouri continued, “Puttery delivered another quarter of great results, with walk-in revenue trending well ahead of our expectations.
We have seen the demand for future events across both the corporate and social categories continue to rise, which will translate into strong revenue results in the back half of this year.” “Event revenue was up significantly this quarter at over $10 million higher than last year’s second quarter. We have a solid foundation in our core businesses with our Drive Shack venues and American Golf courses and each continues to deliver exceptional results,” said Drive Shack Inc.’s President and Chief Executive Officer Hana Khouri.
“Our sales results this quarter reflect the strong momentum we continue to see across our entire brand portfolio. (the “Company”) (NYSE: DS), a leading owner and operator of golf-related leisure and entertainment businesses, today reported its financial results for the three and six months ended June 30, 2022. Puttery Venues Delivered Total Revenue of $4.5 Million in Second Quarter 2022ĭALLAS–(BUSINESS WIRE)– #putteryofcourse- Drive Shack Inc. In 2019, the company added locations in Raleigh, North Carolina Richmond, Virginia and West Palm Beach, Florida.Second Quarter 2022 Total Company Revenue of $87 Million, Up 17% Compared to Second Quarter 2021 Led by Increased Event Sales and New Puttery VenuesĪmerican Golf Event Revenue up 311% and Drive Shack Event Revenue Up 106% Compared to Second Quarter 2021 Drive Shack’s first venue opened in Orlando in 2018. Each Drive Shack entertainment venue features expansive, climate-controlled, private driving bays with lounge seating augmented-reality games and virtual course play a restaurant and bar and arcade games. The $12 per hour per bay is valid on Tuesdays only and cannot be combined with any other coupon, offer or promotion. Offer is only valid for walk-in guests and may not be used on parties or events. Visit for all details and requirements.ĭrive Shack (NYSE: DS) offers the latest in sports and social entertainment with gaming and golf technology powered by TrackMan™, a chef-inspired menu and craft cocktails, and fun social events throughout the year. Stay updated on the latest info and promotions from Drive Shack by following us on Instagram For more information, visit. Andrews and The Champion Course at PGA National. That technology fuels a variety of games designed to engage all skill levels, from our new Darts game that transforms the field into a virtual dartboard or a fresh lineup of virtual courses that includes celebrated fairways such as the Old Course at St.
#Drive shack prices per person pro
“We hope this special $12 Tuesdays winter promotion will delight our existing guests and encourage new guests to come check us out.”ĭrive Shack bays are climate-controlled, so guests can enjoy their experience in rain, snow or shine. BayPlay at Drive Shack features the same cutting-edge technology used by pro golfers around the world – TrackMan™, a Doppler radar system that tracks the actual flight path of the ball in real time, from launch to landing, with unparalleled precision. “At Drive Shack, we are committed to delivering an amazing experience: delicious food and drink options, engaging augmented reality golf games, unique programming, and unparalleled guest service,” said Hana Khouri, President and CEO of Drive Shack, Inc. Drive Shack, a premier golf and social entertainment destination, announces a limited-time offering to appeal to new and existing customers. The special offering features a new $12 price point for each hour of BayPlay, all day every Tuesday from now through the end of March. The offer is available at all Drive Shack locations: Raleigh, North Carolina Richmond, Virginia and West Palm Beach and Orlando, Florida.
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