CIB: Managing Long-Term Debt at Private Clubs

Club Industry Brief – Nov. 3
The National Club Association Introduces a new, streamlined version of Club Industry Brief: The private club industry’s best news digest of must-read stories, videos and podcasts presented biweekly.

What We’re Reading Now:

Finance: Long-Term Debt in Private Clubs, Club Benchmarking
Operations: Alignable Special Report: No End In Sight For Labor Shortage, While 64% Pay More For Hires They Actually Find (Up 9%), Alignable
Industry: Global Challenges, Local Demands, Golf Course Industry
Staffing: The Key to the New Workplace, Flexibility, Hotels Mag
NCA Content: OSHA Vaccine Mandate This Week?, National Club Association (member-only content)

Private Club News

Members at Boca Raton Country Club in Florida Steam Over City’s New Golf Course Deal, Yahoo! Sports
Princeton Club of NYC on Life Support After Defaulting on Mortgage, Yahoo! Finance
ClubCorp Acquires National Golf Club of Kansas City and “the Deuce”, Club Corp
Trump National Golf Club Westchester Under Investigation, Yahoo! Sports
The Lido Expected to Jump to the Top of Golfer’s Bucket List When it Opens in 2023, Wisconsin Golf
WeWork is Finally Going Public After a Rollercoaster Ride and Restructuring, UCW Newswire
Naples’ Hoffmann Companies buys Old Corkscrew Golf Club, Naples Daily News

On the Green

Golf Course Operators Regain Some Pricing Power, NGF
A Fruitful Business: Southers Marsh Golf Club, GCM
Watch Now: A new Dane County Golf course, Unusual Greens and Only 13 holes for Time-starved Golfers, Wisconsin State Journal
Social-Media Influencer Paige Spiranac Enlisted to Dispel Pushcarts’ “Old Man” Image, C+RB
Change for Change’s Sake?, Golf Course Architecture
Troon-Affiliated Courses Win Big at World Golf Awards, The Golf Wire
Survey: Taking a Pulse on Golf, NCA (member-only content)

NCA News

Vizza to Retire After 15 Years with NCA
Golf’s New Look: How The Industry Plans To Keep A Good Thing Going, NCA (member-only content)
Heat Injury and Illness Prevention in Outdoor and Indoor Work Settings Rulemaking, Dept. of Labor
Final Rule Sets Limits on Amount of Non-Tipped Work Tipped Employees Can Do When Tip Credit Applied, Dept. of Labor

Conservation

GEO Foundation Highlighting How Golf can Help Climate Action, Golf Course Industry
Pure Earth Golf Tournament, Pure Earth
The Big Heat: How Climate Change is Affecting Golf Courses, Golf Inc.
ASGCA Announces 2021 Environmental Excellence Awards Honorees, Golf Course Industry
Putting a Charge into Private Club Electric Vehicle Charging Stations, NCA (member-only content)

Trends

Jobs People Want—And Don’t Want—After the Pandemic, Axios
Do You Believe in ‘Bleisure’?, C+RB
COVID Pandemic Was a Shot in the Arm for Online Luxury Fashion Brands, like Farfetch, Unity Marketing
What Club Industry’s 2021 Top 100 Health Clubs List Reveals about 2020, Club Industry
How Has the Pandemic Affected Fitness Trends and Activity?, C+RB

Operations

Jonas Club Software and Corporate Spending Innovations Create a Four-Part Accounts Payable Series, Jonas Club Software
Metricsfirst Announces New Financial Dashboards, Jonas Club Software
Sometimes the Hardest Thing and the Right Thing are the Same, LinkedIn
No Maur Saind, Honeyman, Golf Course Architecture
The Four-day Workweek Experiment is Coming to New York, Crain’s NY Business
Finding Your Club’s Niche – Build an Identity, Golf Property Analysts

Food & Beverage

2021 Fall Flavor Trends, In Sight
2022 Menu Trends, Hotels Mag
Evolution of Cocktail, Coffee Cultures, Hotels Mag

Technology

California Privacy Law Update: The CCPA and CPRA Amended (Yet Again) and New Protection for Genetic Information, AALRR
Safety Training: The Role Tech Plays in Keeping Staff Safe, Hospitality Technology
Hotels Rush to Scrub Clean Air Quality, Hotels Mag
Powering Hospitality’s Recovery, Hospitality Technology

NCA Poll

The National Club Association conducted a poll of industry professionals on LinkedIn, gauging whether clubs are increasing dues to combat increasing inflationary costs and by how much. See full post here.