Each year, Hillier Hopkins LLP in association with the Golf Club Secretary, carries out a survey of Proprietary and Members golf clubs to assess financial performance and trends in the industry.
2012 was a year of consolidation for most clubs and 2013 has seen some improvements. The decline in membership that has been evident in recent years has at least halted and is now in many cases on the rebound. Most of the clubs who responded to the survey are reporting improvements and growth and continued investment which is very encouraging.
Will these trends continue? It is currently difficult to predict but most clubs are optimistic for the next few years and provided they continue to develop their facilities wisely, and control costs then there are grounds for this positive outlook.
For more information please contact our Golf Club expert, Robert Twydle