From The Met: "The golf industry has to re-imagine old practices before the recovery can begin"
/The Journal News’s Mike Dougherty files a lengthy and informative piece on the state of golf in the “Met”.
Given that the area is home to this year’s U.S. Open, some America’s most famous clubs and a huge number of others who influence the golf world, the overall Met golf region is still uncertain how things will play out.
Dougherty covers many aspects of the business, but this was of note:
The demographic is generally secure financially. While most respondents expect to curtail spending due to the corresponding economic crisis, their outlook is not yet considered grim.
“We think predictions about mass resignations of members are overblown,” said Frank Vain, the president of McMahon Group during an NCA webinar.
An online campaign has resulted in more than 10,000 form letters being sent to members of congress seeking inclusion when the next round of aid is finalized.
“Some clubs are well capitalized and can withstand a little more,” Trauger added. “Others will be significantly impacted by a downturn. It’s too early to say how many clubs might close, but right now they are figuring out the best way to hang on and take care of their employees the best way they can.”