One nonscientific but reliable sign of business comeback from previous recessions has been the appearance of longer lines at country-club golf tees and on membership waiting lists. Most members, after all, are businessmen—and they are much more likely to join in good times than bad. But though most service enterprises are now advancing strongly, the country-club business is still in something of a hole. A survey of 75 clubs by the Manhattan accounting firm of Harris, Kerr, Forster & Co. shows that membership, which had been on the rise for 17 straight...
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