IMHOAmount of rounds down year to year. Dues revenue down quite a bit...along with general revenue.
It seems that the idea of a corporately run "private membership" is losing its appeal. It's the reason a number of us quit our memberships this year.
It's definitely counter-intuitive for a dues paying golfer to be a member of a corporate club 67% owned by one man who serves himself up his own tasty divvys regularly, rather than being a member of a private club that is managed on site where the profits and decisions are shared as a club.