Club Study Report August 2022

GM Survey 2.15 Summary

AUGUST 1, 2022

GM Survey 2.15 - Summary Top ISP’s: 1. Comcast 2. Spectrum 3. Other

$ $ $ $

1 in 4 clubs have received <50% of the initiation fee revenue YTD compared to 2021

More than 50% of clubs require a potential member to know another member while 86% of those require two members be known

X

80% could deny a potential member if an existing member had a problem with them

50% of clubs pay banquet staff $15+/hour while 17% pay $20+/hour

GM Survey 2.15 - Summary There is little-to-no consistency with dues payment installments across clubs and few have or accept one annual payment 50%+ of clubs have received less initiation fee revenue YTD than 2021

70% have an auto-grat in the bar/dining room with most having the auto-grat have it set at 18-20%

Only 20% of clubs post green speeds, many of those only sometimes

$84,000 – Avg maintenance $ per hole

GM Survey 2.15 was contributed to by 32 golf clubs, 27 multisport clubs, 11 yacht clubs and 6 city clubs