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Tag: finance

Monthly Trends Indicate Recovery

CLUB BENCHMARKING has been monitoring and reporting on the impact ofCOVID-19 on the club industry since shutdowns began in March. Findings below are based on data gathered through the CB Strategic Monthly Dashboard. With restrictions still in place on weddings, banquets and golf outings, changes

Data Mining: Monthly Trends Indicate Recovery

CLUB BENCHMARKING has been monitoring and reporting on the impact of COVID-19 on the club industry since shutdowns began in March. Findings below are based on data gathered through the CB Strategic Monthly Dashboard. With restrictions still in place on weddings, banquets and golf outings,

How can my club budget for 2021 in such uncertain times?

Perspective, innovation and focus will be the key to navigating 2021 club budgets. For board leaders willing to embrace the change, the COVID-19 crisis could be the catalyst for a much-needed course correction that will strengthen their clubs and the industry as a whole. After

Can you still afford to be all things to all members?

GOVERNORS nationwide are cautiously phasing in the business and services that can reopen. As of the end of May, most private club golf courses are open, but it may still be weeks or months before other facilities open. In some regard, that is fortunate because it

What are the Key Financial Issues for Reopening the Club?

As coronavirus radically disrupted club operations, the first reactions from clubs were the health and safety of its staff and members. Based on state and federal orders, clubs closed their doors and have been working resiliently behind the scenes to prepare for reopening. Unfortunately, the

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