Has the significant increase in management fees proved detrimental to club growth and survival?
No, it will actually have the opposite effect. Ensuring that the resorts can operate financially independently is a very important responsibility that the Management Company and resort committees have. The increases in fees have been agreed by the Resort Committees to ensure just that, and while there are additional contributing factors too, such as the exchange rate impact and refurbishment plans, which must continue throughout to ensure that members have the holiday experiences that they expect and desire. Taking this action will ensure that THE Club® and European Collection will remain financially strong.
Related Questions
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- Has the significant increase in management fees proved detrimental to club growth and survival?
