Private Club Waitlists and Member Attrition: What the Data Tells Us

In this episode, Ed talks with Jason Becker, CEO and founder of Golf Life Navigators, about emerging trends in private club membership and why clubs should prepare for higher-than-normal attrition rates. Jason shares insights from his company's extensive data collection and explains why the real estate market is a crucial indicator for private club membership trends. Key Moments: Setting the Stage [00:00:00]: Ed introduces the current state of private clubs, noting that over half still maintain waitlists with an average of 70 people. Golf Life Navigators Overview [00:03:26]: Jason explains how his platform matches prospective members with clubs using a dating app-like algorithm to reduce attrition rates. Waitlist Dynamics [00:05:27]: Discussion of consumer attitudes toward waitlists, revealing that 70% of prospects don't want to wait more than six months for membership. Real Estate Connection [00:08:15]: Jason explains why the increasing inventory of golf community homes signals coming changes in club membership. Attrition Predictions [00:09:23]: Analysis of why attrition rates might exceed pre-pandemic levels, particularly due to delayed resignations from older members. Member Services Evolution [00:15:13]: Exploration of how clubs need to align service levels with increased initiation fees and focus on time-saving amenities. Demographic Shifts [00:16:52]: Discussion of how clubs must cater to multiple generations while building for the future. Real Estate Strategy [00:21:11]: Jason shares insights on community "capture rates" and how clubs can better control their real estate destiny. Sales Process Evolution [00:25:35]: Examination of why modern membership directors need proper CRM systems and marketing automation. Final Insights [00:29:21]: Jason emphasizes the importance of transparency in club planning and investment strategies.

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