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Notes that the private club industry is a unique segment within the broader hospitality industry and, relative to other segments of the hospitality industry, very little research has focused on it. Pannell Kerr Forster (PFK) publishes an annual publication that tracks the operating and financial performance of more than 200 private clubs. Provides a statistical analysis of data from PKF’s Clubs in Town & Country publication in order to identify top line trends emerging in the North American club market. Membership, revenue and expense trends are explored over a 20‐year time line.

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