2014 Economic Impact Report released
Alexandria, VA – The Club Managers Association of America is proud to announce the recent release of the 2014 Economic Impact Report in conjunction with Club Benchmarking. This biannual report details the economic impact of the more than 2,600 clubs managed by members of the CMAA.
The total direct economic impact for the club industry in 2013 was $21 billion, including all tax revenues generated as a result of club activities. Clubs are significant contributors to their local communities, with dense, highly local economic activity. The vast majority of cash flows resulting from purchases, employment, taxes, charitable giving and other economic activities are centered in the community in which the club operates.
Highlights of the full report include:
* Clubs employ 363,000 employees, and club payrolls equal $9.5 billion.
* Clubs serve between 1.8 and 2.1 million members.
* Clubs hosted an estimated 17,000 charitable golf tournaments in 2013, raising an estimated $150 million for those charities.
* The total income for clubs in 2013 was $20 billion.
* Clubs spend $2.8 billion on goods and an additional $2.2 billion on services in their local communities.
* Clubs as a whole pay $2.5 billion in total taxes; $1.7 billion of which are local and state taxes.
The 2014 CMAA Economic Impact Report is available at www.cmaa.org/surveys.aspx.
The Club Managers Association of America (CMAA) is the largest professional association for managers of membership clubs with 6,500 members throughout the US and internationally. Our managers operate more than 2,600 country, golf, athletic, city, faculty, military, town and yacht clubs. The objectives of the association are to promote relationships between club management professionals and other similar professions; to encourage the education and advancement of members; and to provide the resources needed for club managers to operate efficiently and successfully. CMAA is headquartered in Alexandria, VA, with 45 professional chapters and more than 45 student chapters and colonies. Learn more at www.cmaa.org.
About Club Benchmarking – Club Benchmarking (CB) is driven by the core belief that elevating fact over opinion results in healthier clubs, more empowered managers, and more strategic boards. CB arms managers and boards with the facts needed to focus on key strategic issues with confidence. The powerful online platform provides 24/7 access to the very best industry information from more than 1,000 clubs to support strategic planning and budgeting. Benchmarks can be established against specific peer sets or the industry as a whole. Club Benchmarking’s analysis has led to the Available Cash Model – the proven common business model of clubs. Over 500 clubs subscribe to Club Benchmarking’s platform to access automatically generated Key Performance Indicator reports that strategically benchmark their own club. For further information visit, www.clubbenchmarking.com.