Author: TSX Stocks

Gen Z and Millennials embrace golf for self-care and solo play while redefining the sport through entertainment venues.

MONTREAL, Jan. 16, 2025 /CNW/ – As 2024 came to a close, recreational golf remained on the upswing for younger generations.  Lightspeed Commerce Inc. (NYSE: LSPD) (TSX: LSPD) (“Lightspeed“), the one-stop commerce platform empowering merchants to provide the best omnichannel experiences, revealed new insights today from a consumer survey, outlining how golfing habits are changing amongst the younger demographic of golfers.

Lightspeed surveyed over 700 American and Canadian golfers revealing that while golf has long been a space traditionally known for relaxation and social connection, Gen Z and Millennial players are increasingly combining personal well-being with technology-driven experiences.

“Golf is evolving into more than just a sport—it’s becoming a space for self-care, community, and connection for younger generations,” said JD Saint-Martin, President at Lightspeed. “The way Gen Z and Millennials engage with the game is different from previous generations—they seek intentional experiences, whether through solo play or tech-enabled convenience. By embracing these trends, operators can unlock new revenue streams, foster brand loyalty, and have a unique chance to inspire the next generation of players.”

Mental Health and Self-Care Lead Motivations for Younger Golfers 
Lightspeed’s survey findings show that personal well-being is a key motivator for golfers across age groups:

• 51% of Gen Z golfers rank mental health and self-care as their top reason to play, alongside social activity and time spent outdoors in nature.
• 53% of Millennials cite time outdoors in nature as their leading motivator, alongside social activity and mental health and self-care.
• 65% of Gen X and Boomers value time outdoors in nature most, alongside physical fitness and social activity.

Golf’s role as a personal escape highlights its unique ability to combine self-care with connection to nature—resonating strongly with younger generations looking to disconnect and fully immerse themselves in the game.

Golfing Solo: A Growing Trend Among Gen Z and Millennials
Solo golf is emerging as a significant trend, particularly among Gen Z and younger Millennials, who seek out golf as a personal and focused activity:

• 76% of Gen Z golfers and 84% of Millennial players expressed interest in playing solo rounds.
• 29% of Gen Z players and 21% of Millennials always or primarily seek out solo tee times or as a single.

This shift demonstrates how younger generations are approaching golf not only as a social sport but also as a mindful, individual activity for personal well-being.

Entertainment Venues Reshape Golf for Younger Audiences
Tech-driven entertainment venues like Topgolf and Drive Shack are redefining the golf experience for younger players:

• 68% of Gen Z and 62% of Millennials visit golf entertainment venues regularly.
• Younger players cite the casual, social atmosphere and laid-back environment as key appeals.

These venues can create accessible, fun golf experiences that blend technology, entertainment, and community—attracting younger generations who are reshaping the sport’s future.

A New Era for Golf

Lightspeed’s survey reveals that while golf is consistently valued for reasons related to personal well-being, younger generations are reshaping how they engage with the sport. Gen Z and Millennials are driving trends like solo play as a personal retreat and the rise of tech-driven entertainment venues as a social experience.

Lightspeed powers the world’s best businesses in Golf; including Founders Group International, Landscapes Golf Management, KemperSports, The Park West Palm, The Sea Pines Resort, Cape Kidnappers and Advance Golf Partners.

Dive into the transformative features of Lightspeed Golf on our website.

About Lightspeed

Powering the businesses that are the backbone of the global economy, Lightspeed’s one-stop commerce platform helps merchants innovate to simplify, scale, and provide exceptional omnichannel customer experiences. Our cloud commerce solution transforms and unifies online and physical operations, multichannel sales, expansion to new locations, global payments, financial solutions, and connection to supplier networks.

Founded in Montréal, Canada in 2005, Lightspeed is dual-listed on the New York Stock Exchange and Toronto Stock Exchange (NYSE: LSPD) (TSX: LSPD). With teams across North America, Europe, and Asia Pacific, the company serves retail, hospitality, and golf businesses in over 100 countries.

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Forward-Looking Statements

This news release may include forward-looking information and forward-looking statements within the meaning of applicable securities laws (“forward-looking statements“). Forward-looking statements are statements that are predictive in nature, depend upon or refer to future events or conditions and are identified by words such as “will”, “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates” or similar expressions concerning matters that are not historical facts. Such statements are based on current expectations of Lightspeed’s management and inherently involve numerous risks and uncertainties, known and unknown, including economic factors. A number of risks, uncertainties and other factors may cause actual results to differ materially from the forward-looking statements contained in this news release, including, among other factors, those risk factors identified in our most recent Management’s Discussion and Analysis of Financial Condition and Results of Operations, under “Risk Factors” in our most recent Annual Information Form, and in our other filings with the Canadian securities regulatory authorities and the U.S. Securities and Exchange Commission, all of which are available under our profiles on SEDAR+ at www.sedarplus.com and on EDGAR at www.sec.gov. Readers are cautioned to consider these and other factors carefully when making decisions with respect to Lightspeed’s subordinate voting shares and not to place undue reliance on forward-looking statements. Forward-looking statements contained in this news release are not guarantees of future performance and, while forward-looking statements are based on certain assumptions that Lightspeed considers reasonable, actual events and results could differ materially from those expressed or implied by forward-looking statements made by Lightspeed. Except as may be expressly required by applicable law, Lightspeed does not undertake any obligation to update publicly or revise any such forward-looking statements, whether as a result of new information, future events or otherwise.

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SOURCE Lightspeed Commerce Inc.

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