Industry Research Reports
Golf Courses and Country Clubs
http://www.ibisworld.com
Reports provide in-depth industry analysis and five-year growth forecasts, with special focus
on the underlying structure and external forces and relationships that affect industries and their
performance. Report sections include:
Sample report is available free online.
Club Managers Association of America (CMAA)
Club Management Magazine / Outlook
http://www.cmaa.org/template.aspx?id=196
Industry news and information covering a wide range of topics including financial, facilities, operations,
marketing, technology, and more. Current issues and archives are free online.
Industry Financial Ratios
Golf Courses and Country Clubs
http://www.bizminer.com Search for "713910"
Five-year comparative financial statement analysis includes income statements with expense detail,
balance sheets, cash flow statements, and key business and financial ratios for golf courses and country
clubs. Reports are available by sales size range and in sole proprietor and business start up versions.
Sample financial statement reports with detailed financial ratio analysis can be viewed free online.
CMAA
Club Finance and Operations Report
https://www.cmaa.org/marketplace/c/24/surveys-and-reports
Annual report analyzes various aspects of club management and operations including income and expenses,
food and beverage operations, golf course operations, facilities, membership, general administration,
and more, with report information grouped by club attributes for comparative purposes.
Pannell Kerr Forster
Clubs in Town & Country
http://www.pkfc.com/store/Default.aspx
Select "Other Publications"
Report provides operating and financial performance benchmarks by club type for city and country clubs
and includes information on income from membership dues and fees, food and beverage operations, room
rentals, and other sources, and expenses for operating and administrative departments with emphasis
on labor costs.
CMAA
Compensation and Benefits Report
https://www.cmaa.org/marketplace/c/24/surveys-and-reports
Annual compensation and benefits report provides information on salaries, bonuses, wages, and fringe
benefits for club management and key staff personnel and variety of hourly positions, with survey
data grouped by club attributes for comparative purposes.
Analysis and Valuation of Golf Courses and Country Clubs
Gimmy, Johnson, Appraisal Institute, 2003
http://www.amazon.com/gp/product/0922154783/
Text provides background information on golf industry data and trends and includes chapters focusing
on facility and market analysis, the valuation process and income, sales, and cost approaches, and
specific analysis of municipal, daily fee, and private courses, and golf course community projects.
Table of contents is available free online.
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