Most golf and social clubs have either shut down or curtailed operations in response to the Coronavirus Disease 2019 (COVID-19) crisis. Some members are requesting dues abatement or reductions. We have been in communication with representatives of 29 clubs regarding whether they have abated or reduced dues or offered some type of financial accommodation. As of April 24, 2020, out of 29 clubs:
- 16 clubs determined not to offer any dues or other financial concession,
- 5 clubs are either evaluating or indicated that they would be evaluating the issue when the reopen date is determined,
- 1 club has suspended dues,
- 1 club will be suspending dues if not allowed to reopen by June 1,
- 3 clubs have reduced dues, and
- 3 clubs are giving a credit toward future dues or spending.
Since dues can range from 40% to 60% of total club revenue and are generally the primary club related expense from the members’ perspective, the decision to reduce dues or offer some other financial accommodation to members may impact the financial viability of the club in the near future. Although many clubs may not provide such an accommodation, club decision makers should carefully consider their options.