Country clubs are booming post-COVID, driving major upgrades in luxury and family-friendly amenities\u2014fueling a surge in assets and a race to attract new members.<\/p>\n
HOUSTON \u2014 The country club industry as a whole continues to ride an upsurge in golf interest and a swell of new members who came aboard during and immediately following the Covid-19 pandemic.<\/p>\n
To capitalize on the wave, country clubs are expanding their offerings, whether it\u2019s to appeal to high-end, luxury members or to build out amenities meant to keep the entire family entertained and engaged.\u00a0<\/p>\n
That amenity arms race is sparking a host of renovations and expansions that is showing up on country clubs’ balance sheets.<\/p>\n
Country club assets \u2014 essentially the total value of their amenities, grounds and equipment \u2014 have grown significantly in recent years.<\/p>\n
The Business Journals reviewed thousands of nonprofit club reporting documents that member-owned or nonprofit country clubs use to report annual data. Information on privately owned country clubs was not available.<\/p>\n
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