2014: CLUB FINANCIAL PERFORMANCE

Authors

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

Type of Submission

Industry Insights

Abstract

Financial results play a very important role in the club industry. Percentages and numbers are the representative indicators of the financial performance of any company. In clubs, these numbers denote to management and members the financial strength and viability of their clubs. This study surveyed clubs regarding their financial performance in 2014, reporting averages for demographic data and medians for financial data. The results of the top performers (fifth or top quintile) and the bottom performers (first or lowest quintile) were compared. In 2014, the median profit margin was at 1.65% with the top quintile reporting at 17.43% and the lower quintile at a loss of -10.08%.

DOI

10.1080/10913211.2016.1166030

Recommended Citation

Schmidgall, Raymond S. and DeFranco, Agnes (2016) "2014: CLUB FINANCIAL PERFORMANCE," Journal of Hospitality Financial Management: Vol. 24: Iss. 1, Article 7.
DOI: 10.1080/10913211.2016.1166030
Available at: https://scholarworks.umass.edu/jhfm/vol24/iss1/7