2012 TOP FINANCIAL PERFORMERS IN THE CLUB INDUSTRY

Authors

Agnes L. DeFranco, Conrad N. Hilton College of Hotel & Restaurant Management, University of Houston, Houston, TX
Raymond S. Schmidgall, The School of Hospitality Business, Michigan State University, East Lansing, MI

Type of Submission

Invited Article

Abstract

This study uses survey research to examine the financial performance of the U.S. club industry for 2012. One hundred and ten clubs submitted financial data to this study. 24 financial ratios, together with median key financial data from the balance sheet and the statement of activities were calculated for the sample. Results provide a better understanding of the key financial characteristics of top- and low-performing clubs in 2012. Results further show that regardless of the slight upturn in the U.S. economy in 2012, the financial results for the club industry in 2012 were mixed.

DOI

10.1080/10913211.2013.861236

Recommended Citation

DeFranco, Agnes L. and Schmidgall, Raymond S. (2013) "2012 TOP FINANCIAL PERFORMERS IN THE CLUB INDUSTRY," Journal of Hospitality Financial Management: Vol. 21: Iss. 2, Article 7.
DOI: 10.1080/10913211.2013.861236
Available at: https://scholarworks.umass.edu/jhfm/vol21/iss2/7