Alexandria, Virginia, United States: The Club Management Association of America (CMAA) has announced the release of the 2019 Economic Impact Report.
This semi-annual report details the economic impact of the more than 2,500 clubs managed by members of the CMAA.
CMAA releases the 2019 Economic Impact Report to the greater public and provides vital information on how clubs contribute to the economy. The report finds that revenue for CMAA clubs have reached nearly US$21 billion and a total direct economic impact of US$24 billion.
This report also details the philanthropic efforts of CMAA clubs. More than three-fourths of CMAA clubs support charities at the local, national, and/or global level, with the majority of clubs supporting local charities in their communities.
It is estimated that fund-raising events held by CMAA clubs in 2018 raised more than US$170 million for charities. On average, more than 80 per cent of these funds went directly towards charities in the clubs’ local communities.
Founded in 1927, the CMAA is the largest professional association for managers of membership clubs with 6,800 members throughout the US and internationally.
Its members contribute to the success of more than 2,500 country, golf, athletic, city, faculty, military, town, and yacht clubs.
The objectives of the Association are to promote relationships between club management professionals and other similar professions; to encourage the education and advancement of members; and to provide the resources needed for efficient and successful club operations.
Under the covenants of professionalism, education, leadership, and community, CMAA continues to extend its reach as the leader in the club management practice. CMAA has 42 professional chapters and more than 40 student chapters and colonies.