I see a similar boom-bust in Golf due to Tiger Woods.
When I was a kid in the summer I could walk the six blocks to the public course with my clubs and play 18 holes for $5.95. Golf is going to hit a wall soon.
Golf has been in long-run decline for 15-20 years now. There is a boom-bust cycle, but it had little to do with Tiger Woods. There was tremendous overbuilding of golf courses (especially resort courses) in the 1990s. Many private clubs are now soliciting members, reducing or eliminating up-front membership fees, allowing public play (with a modest green fee) on weekdays, etc.