A recently completed economic study found that Club Management Association of America member-managed clubs in the United States have a total direct economic impact estimated at $24 billion.
Among the key findings of the report:
- Clubs made more than $3.2 billion in capital investments in 2018 and planned to invest another $3 billion in 2019.
- Food, beverage and social events are a core revenue source for most clubs, accounting for 29% of gross revenue on average.
- More than 75% of the nearly $13 billion of goods and services purchased by clubs in 2018 remains within the state (and 47% within the local community) in which the club operates.
- Clubs are involved in their communities: 78% support local charities; 27% offer internships; and 23% have scholarship programs. More than $24 million in scholarship funding was distributed in 2018 from CMAA clubs.
- Payroll taxes accounted for 45% of the $2 billion in taxes paid by clubs. Sales taxes were 29% and real estate or property taxes totaled 23% of that amount.
- Clubs employed 350,000 year-round and seasonal employees in 2018 and provided more than $9 billion in salaries, wages and benefits to those employees.
- Staffing levels have remained the same for 73% of clubs, with another 21% expanding staff and just 5% reducing the number of employees.
For a full copy of the report, click here: Download