How much potential private club business is lost to the destination trip(s)? I see more Millennials and Generation Z consumers spending the bulk of their golf budgets on these types of trips while eschewing private club memberships. As we all know the private club model is red hot right now but I’m not alone in the thinking that at some point in will turn back down. I’m not saying it will turn down to pre-Covid levels but will definitely take a hit. I’m interested in opinions as to who fairs better on an industry wide basis when the market begins to soften. Thanks.
Was it really all that common for a lot of individuals under 40, 30 or 20 to join private clubs? Gen Z includes people that don't have their driver's license yet. Millennials (I'm technically one) are still paying off debts, taking care of kids and growing careers (which often requires changing jobs, locations and companies). I think we're just now starting to get to the point in our lives where things are settling down and like previous generations, we'll join clubs when time and resources in our lives allow it. So, I don't really think destination clubs are taking private club business.
Destination trips aren't new either. There are a number of historic resorts that have had thriving histories (some downturns with the economy). There may be more high-end destination courses now but there are also more people with the means to visit these places.
I have to admit I don't understand the destination private club model that is becoming popular.
When I lived in Hawaii the trip to Australia/New Zealand was a pretty good option (Europe was not). I've made three trips and each time Hawaii was part of the itinerary. Like the rest of this topic, limited time and resources impact one's ability to golf. A trip to Australia/New Zealand takes some serious time and resources for those living on the East Coast of the USA.