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CMAA 2008 Economic Impact Survey

Table 3: Projected National Core Employees by Region

West

47,813

Midwest

48,840

Northeast

44,735

Southwest

32,870

South

117,976

Mid-Atlantic

20,048

Region

National Projection

IV. Club Revenues Based on the survey findings, the gross revenue earned by all CMAA member-managed clubs reached almost $13 billion. Clubs in the South had the highest projected total gross revenue, $3.8 billion, which was driven by per-club average revenues that were higher than in other clubs, and by the greater number of clubs in the South than in any other region. Club in the Northeast, the region with the second largest concentration of CMAA member-managed clubs, had the second highest gross revenues totaling just over $3 billion.

Table 4: Projected Total Revenues by Club Type

Mid-Atlantic

$960,081,507

Midwest

$1,900,111,166

South

$3,796,437,978

Southwest

$802,977,448

Northeast

$3,045,188,331

West

$1,705,238,480

Total

$12,709,123,617

Region

Projected Total Revenues

The average club earned gross revenues of $5.5 million with a median gross revenue of $4.3 million. Country clubs had the highest average gross revenues of any club type, reaching $5.7 million, which was significantly higher than golf clubs ($5.1 million), yacht clubs ($4 million) and city clubs ($3.1 million). Due to the variability in gross revenues driven by large clubs with revenues in excess of $10 million, it is important to consider both the mean and median revenues as displayed in Table 5. The impact of the highest

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