News

Last Update :8/9/2018

CIB: Why The Union League Club of Chicago Is the “One”

Club Industry Brief

NCA’s News Roundup, August 8, 2018

 

Industry Update

 

Why The Union League Club of Chicago Is the “One”

The Union League Club of Chicago recently opened its modern 2,000-square-foot first-floor lounge providing an informal meeting setting for member’s daily activities. The space, nicknamed by members as “ONE”—short for “meet me on one”—is equipped with a coffee bar and casual lounge that doubles as a Wi-Fi supported work area. The club also renovated its outdoor space launching a 900-square-foot terrace on its eight floor, furnished with seating, a marble fireplace and weather-proof TVs. Club & Resort Business.

 

Trends in Private Clubs

Two new reports are out on private club finances and operations from RSM US and PBMares.

2018-19 Trends in Private Clubs and 2018 Clubs in Town and Country.

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Mass. Gov. Rejects Tax Measure to Reduce Rent for 21 Private Yacht Clubs

 

Debate Begins Over Plans for Connecticut Winter Club

Trends Watch

 

Everyone is Still Recovering from the Great Recession Except Gen X

Generation X was hit the hardest by the housing crisis, losing 38 percent of median net worth from 2007 to 2010, compared to a loss of only 26 percent and 14 percent for Baby Boomer and Silent Generation households. However, Gen X is the only generation to fully recover from these losses, with their median net worth rising 115 percent since 2010. This resiliency was due to a strong recovery of home equity, dramatic increases of financial assets and being in a prime working age group. Pew Research Center.

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Boutique Hotels Lead Hotel Supply Growth

On The Green

 

Stacking Up the Best Club Locker Rooms

Golf Digest recently released its ranking of the 50 greatest golf locker rooms, in America ranging from the well-preserved space at Seminole Golf Club in Juno Beach, Fla. (ranked first), featuring a classic 1929 Donald Ross design, to the raucous locker room at The Madison Club in La Quinta, Calif. (ranked fifth), with rock music, a sports ticker and widescreen TV. Golf Digest.

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Environmental Awards Expand to Reward Superintendent Focuses

Operations and Membership

 

New Tool: What is a Member Worth at Your Club?

Founder of The Private Club Agency Gabriel Aluisy has offered a free membership calculator to learn how much a new member is worth to a club. The calculation is based off of 14 questions regarding initiation fees, monthly dues, meals purchased and other key metrics. Aluisy.

 

Club F&B Operations Lose Money, and It cannot be “Fixed”

A dining outlet in a club is an amenity for members, not a business plan that can be quickly fixed and generate revenue. On any given night in a club, 100 percent of diners are repeat customers. That principle, along with expected quality, staffing, pricing and accommodations are some of the many ways in which clubs do not compare with public restaurants. On average 16 percent of a member’s dues goes toward subsidizing F&B operations. Private club restaurants should be regarded as an amenity, and in that context the golf course probably “loses” money too. RSM.

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Top 100 Most Successful Fitness Clubs

NRA Launches Plan to Train 370,000 Food Service Workers in 5 Years

 

 

How Privacy Regulations Affect Private Clubs

 

 

See Why Carmel’s Annual Club Concert Draws 2,000

NCA News

 

NCA Resource: Forces Shaping Your Club's Operations

While every private club is unique, larger forces can play a significant role in how individual clubs and the industry as a whole perform. On Thursday, Sept. 13 at 2:00 p.m. ET, Jim Hankowski and Matthew O'Dell from Condon O'Meara McGinty & Donnelly will discuss these trends and provide expert insights and benchmarks into critical club areas for their leaders to analyze at their own operations. Register for the webinar here.

(NCA webinars are free for members and $35 for nonmembers.)

 

 

Save the Date! 2019 National Club Conference Comes to DC 4/28-30!

The 16th annual National Club Conference will be held Sunday, April 28 - Tuesday, April 30, 2019 in Washington, D.C. Club leaders from around the country will gather to enjoy three days of expert speakers, networking opportunities and social events. Stay up to date on the latest conference news and announcements by subscribing to our mailing list.

 

 

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