2015 sees the club industry at an interesting juncture in its development. The worst days of the Great Recession appear to be mostly in the rear view mirror and clubs must now be focused on the future, while not forgetting the lessons learned from the dark early days of this decade. This session will review how clubs have been dealing with the economic and social changes during the first five years of this decade. It will incorporate some of the key initiatives that we have seen clubs institute to maintain relevance from financial best practices to service offerings to facility renovations. Incorporating McGladrey research data and National Club Association predictive studies, the session will discuss how clubs have changed since 2010 and how the future might look over the next five years.
Philip G. Newman
Partner, Private Club Services, McGladrey LLP
Philip G. Newman, CPA, CIA has 20 years experience in public accounting, predominantly serving the private club industry. In his role as National Director of Club Consulting with McGladrey LLP, Newman is responsible for projects throughout the United States, including internal control and governance reviews, operational consulting, benchmarking studies, strategic planning and the development and delivery of education products and tools for Club Boards, CEOs and CFOs. He has served on the Global Board of Hospitality Financial and Technology Professionals (HFTP) and is a frequent speaker at regional and national conferences for HFTP, the Club Manager's Association of America (CMAA) and the National Club Association (NCA).