As different departments at golf operations across the county begin putting together their budgets for next year, it appears their will be a lot of moving parts to deal with in their forecasts.
Statistics Canada reported recently that the inflation rate hit 4.1 per cent in August compared to the same month the year before, the highest level since 2003. That’s after the inflation rate hit 3.7 per cent in July.
For example, of interest to a food and beverage operation is the fact that meat costs went up 6.9 per cent, with prices for fresh or frozen chicken up 8.4 per cent and fresh and frozen pork up 9.3 per cent.
Add to that the soaring cost of gasoline that will add cost to deliveries or just running machines at golf operations.
There have been plenty of complaints about labour shortages recently and considering that employees also have to deal with rising costs in their lives outside of work, will they be expecting more in compensation?
Whether the rising costs are just temporary or represent a long term challenge remains to be seen in these uncertain times. It isn’t out of the question that the inflation rate may begin to drop.
So, we wanted to get your gut feel as it stands at this point. Is it inevitable that the golf operation will have to charge more in 2022 for memberships/green fees, food and beverage, etc.?
That’s the question in this week’s GNN Poll.
You can answer below or on the GNN home page and if you’d like to add a few thoughts on this subject, please use the Comments section below.
Considering the recent high inflation rate, do you feel it’s inevitable that the golf business where you work will need to raise prices across the board for 2022?
- Yes (87%)
- No (13%)