Melbourne will host the 2019 edition of the Presidents Cup, as well as next year's World Cup of Golf, PGA Tour Commissioner Tim Finchem announced on Saturday.
The world number one golfer was the clear-cut choice after balloting of the tour members.
Woods won his opening-round match while Els was beaten by New Zealand's Phil Tataurangi on the 20th hole.
The world number one will face the challenge of U.S. Masters champion Phil Mickelson, U.S. Open winner Retief Goosen and British Open champion Todd Hamilton at this week's PGA Grand Slam of Golf in Hawaii.
Fiji's Vijay Singh became the first player in PGA Tour history to earn more than $10 million in a single season by winning the Chrysler Championship on Sunday.
The only two Indian golfers on the Japanese PGA Tour had identical rounds of two-under 70 in the opening round in the 120 million yen ABC Championship.
The United States' Ted Purdy leads the field with an aggregate of 14-under 128.
Danny Ellis leads the field after the penultimate round in the six-day Final Qualifying Stage of the US PGA Tour.
India's top golfers Jeev Milkha Singh and Jyoti Randhawa finished joint seventh at the Acom International in Japan.
A final round 72 gave the Indian ace a tournament tally of two-over 286 in the Japanese PGA Tour event.
The United States drew level with the Internationals after edging the Presidents Cup fourballs on Friday.
Success eluded them on the European and the PGA Tour but Indian golfers enjoyed a decent run in Asia, with rising talents Rashid Khan and Anirban Lahiri sharing four titles between them even as some seasoned veterans struggled in a mixed year for the sport.
Tom Watson has given millions of dollars for research into amyotrophic lateral sclerosis (ALS), or Lou Gehrig's Disease.
Tiger Woods ruled golf in 2000 in a manner that may never be matched, but one of his peers may have an insight into one of the reasons for that dominance.
Kapil Dev will join Jyoti Randhawa, Arjun Atwal, Amandeep Johl and Arjun Singh in the highest prize-money tournament on the European PGA Tour.\n\n
Tiger Woods jumped clear of fellow American Woodland, posting a 12-under 128 halfway total in the rain-affected event that will not finish until Monday.
Tiger Woods failed to make the cut in a U.S. PGA Tour event for just the fourth time as a professional but the second time this season.
When rain stopped play, the Indian ace was cruising along at two-under par after eight holes, which gave him a tournament tally of 17-under.
Jeev Milkha Singh, Jyoti Randhawa and Arjun Atwal will lead the Indian challenge at the tournament.
Their poor showing on Saturday saw the Indian challenge in Singapore\n\nMasters fade.
The ace Indian golfer was tied for second place after the opening round in the Caltex Singapore Masters.
Arjun Atwal annexed the Asian PGA Order of Merit title at the season-ending Volvo Masters of Asia golf tournament in Bangkok.
Tiger Woods has accepted that he will 'never feel great' again after suffering a number of back and knee injuries in recent years.
"The enormity of the achievement still hasn't sunk in," said the 30-year-old Kolkata pro, who became the first Indian to qualify for the elite US PGA Tour on Monday.
Tetsuji Hiratsuka ran away with the title courtesy a final round 67
The top-30 golfers in the Final Stage Qualifiers would earn a direct entry into the US PGA Tour.
Sweden's Christopher Hanell shot a fine five-under 65 to assume a one-stroke lead at eight-under 202.
Tetsuji Hiratsuka has a three-stroke lead at 13-under 197 after the penultimate round in the Golf Nippon Series JP Cup. \n\n
England's Richard McEvoy, at ten-under 130, leads the field in the Omega Hong Kong Open.
The ace Indian golfer finished with an opening round of 7-under 65 after the first day of the B C Open in Endicott, New York.
His final round of one-over 72 saw him end at five-under 279 at the US PGA Tour John Deere Classic.
Local pro Katsumune Imai assumed the sole lead with an error-free round of seven-under 65.
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