Club Industry Contributed $21B in Direct Economic Impact, Says CMAA
Thursday, 15 January 2015 03:00The 2014 Economic Impact Report recently released by the Club Managers Association of America reveals that country, golf, athletic, city and other clubs spend billions on goods and services in their local communities. Additionally, they hire hundreds of thousands of personnel.
The Alexandria, Va.-based Club Managers Association of America (CMAA) recently released its 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.