golfbluecustard
Head Pro
Saw a link to an article about club membership on The Golf Business website, not a site I'm familiar with..... and it didn't make for great reading, extract below.
A new survey of UK private members’ golf clubs finds 37 percent have cash flow issues despite the recent boom in demand to play the game, and some may close down in 2021 as a result.
Part of the problem for them is that, according to the GGA Partners research, 43 percent of members of UK golf clubs expect their disposable income to decline over the next 12 months, while 58 percent believe their overall consumer spending will also decline.
The survey finds that eight percent of clubs in the UK and Ireland classify their current cash position as ‘critical’ and a further 29 percent as ‘concerning’.
Hopefully it's wrong but clearly the current and future economy is going to hit most aspects of life, including golf.
GBC
A new survey of UK private members’ golf clubs finds 37 percent have cash flow issues despite the recent boom in demand to play the game, and some may close down in 2021 as a result.
Part of the problem for them is that, according to the GGA Partners research, 43 percent of members of UK golf clubs expect their disposable income to decline over the next 12 months, while 58 percent believe their overall consumer spending will also decline.
The survey finds that eight percent of clubs in the UK and Ireland classify their current cash position as ‘critical’ and a further 29 percent as ‘concerning’.
Hopefully it's wrong but clearly the current and future economy is going to hit most aspects of life, including golf.
GBC