Surfing waves of change. Cha-ching!

You still think surfing is about riding waves in the ocean?

Surf parks make surfing profitable

Surfing is undergoing a massive transformation. While the value of the global surf market has declined by over 50% since 2019, the number of surfers has grown:

• Global surfing population grew 28% between 2019 and 2020 (Covid-19…)

• U.S. surfing population grew 25% in the last 4 years

This shift signals the emergence of a new surfing market that includes a growing number of new surfers and the rise of surf parks.

• New surfers make up 35-45% of all surfers (“new” means <4 years of experience)

• Surf parks are estimated to double to 80 worldwide in the next 5 years

Inland surfing at surf parks greatly expands the accessibility of surfing and redefines what it means to be a surfer. It is also proving to be a lucrative business. These surf parks, which range from $50 million to $1 billion investments, are showing profitable returns and are set to drive future market growth.

Is this what we want?

Despite these positive trend…