Priority membership break even calculations

Closed Thread
Thread Tools
  #1  
Old 12-04-2007, 03:51 PM
Russ_Boston's Avatar
Russ_Boston Russ_Boston is offline
Sage
Join Date: Jul 2007
Location: Buttonwood
Posts: 4,844
Thanks: 0
Thanked 1 Time in 1 Post
Default Priority membership break even calculations

I posted this math on another post but thought it might get more viewers here. If this is incorrect I'd like to know.
Russ
______________


Cost for priority membership for all or 4 clubs:

12 months = $925 couples $740 singles
6 months = $740 couples $590 singles

Trail fee (that is included in Priorty membership) = $132 full year or $99 half year)

Average Cost savings for priority member vs resident member on all clubs is $10 ($5 in summer, $10 in fall and $15 in winter)

Average full year savings per round = $10 ($5 + $10 + $15 / 3) per player.
Average snowbird savings per round = $12.50 ($10 + $15 / 2 ) per player.


Full year break down

For Couples:
$925 - $132 (trail fee) / $20 (average savings) = 39.65 times or .75 times per week to break even.

For Singles:
$740 - $132 (trail fee) / $10 (average savings) = 60.8 times or 1.17 times per week to break even.

For 6 months the payback is longer.

For Couples:
$740 - $99 (trail fee) / $25 (average savings) = 25.64 times or .98 times a week to break even.

For Singles:
$590 - $99 (trail fee) / $12.5 (average savings) = 39.28 times or 1.51 times a week to break even.


  #2  
Old 12-04-2007, 05:37 PM
chacam chacam is offline
Senior Member
Join Date: Jul 2007
Posts: 419
Thanks: 0
Thanked 0 Times in 0 Posts
Default Re: Priority membership break even calculations

Here's what my calculations show:
This is for two of us playing once every week (using an average of fees of all champ courses) and for fall, spring and summer rates, through next Oct.

As a priority members we would pay $3078 for the year. Ave $60 per week
As non priority members, we would pay $3182 for the year. Ave $59 per week

I also calculated it leaving out the two most expensive courses (Lopez and Palmer), which we don't play anyhow and it dropped to $2938 ($58/wk) for priority and $3052 ($58/wk) for non priority. Not a big difference.

Calculations bases on priority fees for all courses ($925) minus executive trail fees ($141) which we pay anyhow so I left them out. And all figures are for teetimes in the afternoon (less expensive).


Russ, I don't think you can average the savings like you did because the summer season is 23 weeks x $3, the fall season is 11 weeks x $10 and he winter season is 18 weeks x $15. Total savings for the year are $449/52=$8.63 per person.

Unless I have overlooked something, these figures might be right.
__________________
Oswego, NY, Auburn, KY
  #3  
Old 12-04-2007, 07:58 PM
poromo poromo is offline
Senior Member
Join Date: Jul 2007
Posts: 161
Thanks: 0
Thanked 0 Times in 0 Posts
Default Re: Priority membership break even calculations

So in summary, can we say that a priority membership is worth the price if a husband and wife both play a championship course at least 52 times a year? i.e 104 rounds of golf on championship courses is the approximate break even point.
  #4  
Old 12-04-2007, 10:28 PM
Russ_Boston's Avatar
Russ_Boston Russ_Boston is offline
Sage
Join Date: Jul 2007
Location: Buttonwood
Posts: 4,844
Thanks: 0
Thanked 1 Time in 1 Post
Default Re: Priority membership break even calculations

chacam - You probably play more during the prime times anyway which is the times that the membership saves you the most money. So any calculation needs to bring that into account.

I think it is fair to say that if you average 2-3 times per week during fall and winter and once a week in the summer you will make out with the membership. Both in terms of real money and in terms of perks (tournaments, tee-time advantage, extra pools etc.).
  #5  
Old 12-04-2007, 10:35 PM
chuckinca's Avatar
chuckinca chuckinca is offline
Sage
Join Date: Aug 2007
Posts: 4,904
Thanks: 0
Thanked 2 Times in 2 Posts
Default Re: Priority membership break even calculations

I gather from this that the total cost to play any TV course whenever you want (maybe 365 days a year) for a couple is $925 for a year.
__________________
Da Chicago So Side; The Village of Park Forest, IL; 3/7 Cav, 3rd Inf Div, Schweinfurt, Ger 65-66; MACV J12 Saigon 66-67; San Leandro, Hayward & Union City, CA (San Francisco East Bay Area) GO DUBS ! (aka W's)
  #6  
Old 12-05-2007, 12:00 AM
Russ_Boston's Avatar
Russ_Boston Russ_Boston is offline
Sage
Join Date: Jul 2007
Location: Buttonwood
Posts: 4,844
Thanks: 0
Thanked 1 Time in 1 Post
Default Re: Priority membership break even calculations

Heck no.

Here is a link to the rates:

http://golfthevillages.com/tee-times...tes-fall07.asp

The $925 per couple is for a full year membership that allows priority tee times, some extra pools and takes off about $10 to $15 per round in the prime months.

Membership rates here: http://golfthevillages.com/tee-times/membership.asp
  #7  
Old 12-05-2007, 12:28 AM
chuckinca's Avatar
chuckinca chuckinca is offline
Sage
Join Date: Aug 2007
Posts: 4,904
Thanks: 0
Thanked 2 Times in 2 Posts
Default Re: Priority membership break even calculations

Russ:

Thanks for the info.

There is a rate for non-resident; does that mean that the courses are open to the public?

__________________
Da Chicago So Side; The Village of Park Forest, IL; 3/7 Cav, 3rd Inf Div, Schweinfurt, Ger 65-66; MACV J12 Saigon 66-67; San Leandro, Hayward & Union City, CA (San Francisco East Bay Area) GO DUBS ! (aka W's)
  #8  
Old 12-05-2007, 01:31 AM
Russ_Boston's Avatar
Russ_Boston Russ_Boston is offline
Sage
Join Date: Jul 2007
Location: Buttonwood
Posts: 4,844
Thanks: 0
Thanked 1 Time in 1 Post
Default Re: Priority membership break even calculations

I've only visited but i think that all courses are open to anyone.
  #9  
Old 12-05-2007, 02:15 AM
JohnZ's Avatar
JohnZ JohnZ is offline
Veteran member
Join Date: Mar 2007
Posts: 554
Thanks: 0
Thanked 1 Time in 1 Post
Default Re: Priority membership break even calculations

I think only the Championship courses are public.
__________________
Brooklyn, Long Island City and Oyster Bay NY
USAF Sheppard AFB, Witchita Falls, TX
Bellbrook, OH
Hollywood, FL
Woodstock, GA
The Villages, FL
  #10  
Old 12-05-2007, 02:27 AM
golfnut's Avatar
golfnut golfnut is offline
Soaring Eagle member
Join Date: Jul 2007
Location: Belvedere
Posts: 2,285
Thanks: 9
Thanked 31 Times in 24 Posts
Default Re: Priority membership break even calculations

Chuck, priority membership only gets you a discount off the regular greens fee, cost to play championship courses 365 days a year would be more like $9,000 - $10,000 per year per person.
__________________
Village of Belvedere
  #11  
Old 12-05-2007, 03:21 AM
Russ_Boston's Avatar
Russ_Boston Russ_Boston is offline
Sage
Join Date: Jul 2007
Location: Buttonwood
Posts: 4,844
Thanks: 0
Thanked 1 Time in 1 Post
Default Re: Priority membership break even calculations

I guess i won't be playing 365! :joke:
  #12  
Old 12-05-2007, 05:54 AM
Irish Rover's Avatar
Irish Rover Irish Rover is offline
Senior Member
Join Date: Jul 2007
Location: St.Charles & Lake of the Ozarks, Missouri
Posts: 403
Thanks: 0
Thanked 0 Times in 0 Posts
Default Re: Priority membership break even calculations

Anytime I have had guests come in from out of town, I needed to get them a guest pass for the duration of their stay. You need it to make a golf reservation and it has to be shown when you check in at the course. At least that has been my experience. :dontknow:
__________________
Steubenville, OH
Killeen, TX
Cincinnati, OH
South Amboy, NJ
St. Louis, MO
St. Charles, MO
Lake of the Ozarks, MO

"What if the Hokey Pokey really is what it's all about"?
  #13  
Old 12-05-2007, 06:05 AM
chuckinca's Avatar
chuckinca chuckinca is offline
Sage
Join Date: Aug 2007
Posts: 4,904
Thanks: 0
Thanked 2 Times in 2 Posts
Default Re: Priority membership break even calculations

Priority Member
Resident Member
Priority Guest
Resident Guest
Non-Resident
Orange
Blossom
Hills 18 Holes $19.00 $29.00 $34.00 $39.00 $44.00

There is a rate for "Resident Guest" and "Non-Resident" which implies that the person isn't a guest of a resident?

Is a "Resident Member" different than a "Resident" and why not a Resident Member Guest
__________________
Da Chicago So Side; The Village of Park Forest, IL; 3/7 Cav, 3rd Inf Div, Schweinfurt, Ger 65-66; MACV J12 Saigon 66-67; San Leandro, Hayward & Union City, CA (San Francisco East Bay Area) GO DUBS ! (aka W's)
  #14  
Old 12-05-2007, 11:52 AM
Hope2b Hope2b is offline
Senior Member
Join Date: Nov 2007
Posts: 178
Thanks: 0
Thanked 0 Times in 0 Posts
Default Re: Priority membership break even calculations

Quote:
Originally Posted by chuckinca
Priority Member
Resident Member
Priority Guest
Resident Guest
Non-Resident
Orange
Blossom
Hills 18 Holes $19.00 $29.00 $34.00 $39.00 $44.00

There is a rate for "Resident Guest" and "Non-Resident" which implies that he person isn't a guest of a resident?

Is a "Resident Member" different than a "Resident" and why not a Resident Member Guest
Resident member is a Villager who did not pay to be priority
Resident guest is a Villagers guest with a guest ID
non-resident is someone off the street.
Closed Thread


You are viewing a new design of the TOTV site. Click here to revert to the old version.

All times are GMT -5. The time now is 01:43 PM.