HB100-9_Clubs_and_Gaming_overview

HB100-9_Clubs_and_Gaming_overview - HB 100 Session 9...

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HB 100, Session 9 Chapters 10-11
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Chapter 10 NO Q’s on Recreation or Theme Parks
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Private Clubs Places where members gather for social, recreational, professional and/or fraternal reasons …( clubs DO NOT have customers ) About 14,000 private clubs in the US with annual revenues of $14 billion (2006)
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Types of Clubs Country clubs Full vs. social members City clubs Business-oriented Professional clubs Athletic clubs Dining clubs Military clubs Yacht clubs Fraternal clubs
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Categories of Club Ownership Equity Clubs - Non-profit and tax-exempt “Profits” generated are reinvested in club Oldest form of club management and the most common form of ownership today Owned and organized by the members – they decide who gets in the club What % of Augusta National Golf Club membership is female?
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How Equity Clubs Are Organized Source: Discovering Hospitality and Tourism, 2 nd edition
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Equity Clubs: Hierarchy of Management Articles of incorporation and bylaws determine internal club mgt. structure Members Board of Directors Fiscal responsibility Policies and strategies Committees Membership, finance/budget, strategic planning General Manager ( NOT a club member ) Day-to-day operation
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Organization Chart for a Large (Equity) Country Club Source: Discovering Hospitality and Tourism, 2 nd edition
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Categories of Club Ownership Corporate or Developer Clubs - Operated for profit and are owned by a corporation, company, business or individual Membership purchased from club’s owner(s) with members having limited input and control over activities and club management (members are NOT the owners)
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Are Club Managers different ? Many private clubs are not-for-profit and owned
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HB100-9_Clubs_and_Gaming_overview - HB 100 Session 9...

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