Understanding trends in the club industry is vital in today’s ever changing financial club landscape. While 2016 was a banner year for many clubs, that result was not consistent across the board. Changing demographics, revenue challenges, fluctuating membership levels, concerns about the economy, finding and keeping good employees and new players in the industry all point to one conclusion: clubs, as a whole, still face many challenges. Combine this with relevancy issues and increased competition for the entertainment dollar and it’s easy to see why the industry continues to struggle.
So, how does a club succeed in the current economic climate? What does the future look like for the industry and, more importantly, for your club? Access Financial and Lifestyle Issues and Trends for Clubs to hear Kevin Reilly, J.D., CPA, CGMA, nationally recognized speaker and author of Clubs in Town & Country, and Todd Swisher, CPA, CGMA, leader of PBMares’ Hospitality Team, discuss emerging trends in the club industry and their financial impact.
Designed for city and country managers, CFOs and other senior level members of club management, topics covered include:
- Current trends in the economy and the nation that will impact clubs
- Emerging trends most likely to impact the operations of a club in the coming years
- Factors affecting current operating costs, income and club operations
- The correlation between trends in club membership, demographics and member needs