The American Club 2022/2023 Annual Report

PAGE 39

OPERATIONAL HIGHLIGHTS

The easing of the pandemic restrictions from March 2022 and reopening of borders were undoubtedly major factors behind the strong recovery across all operating outlets. The demand for Membership, particularly Term Membership, was at a record high, generating higher Membership income. Overall, the Club generated a Total Income (Operating Fund) of $36.39 million in FY2023, an increase of $2.52 million from FY2022 of $33.87 million.

TOTAL INCOME (OPERATING FUND) (S$'000)

29%

43%

$36.37M

10%

8%

1%

3%

FY2023

29%

39%

$33.87M

9%

8%

6%

3%

FY2022

$32.04M

29%

35%

11%

9%

7%

3%

FY2021

$28.97M

31%

34%

6%

9%

10%

4%

FY2020

$36.50M

27%

37%

7%

10%

3%

5%

FY2015

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

Membership

Food & Beverage

Fitness & Leisure

Club Services

Youth & Bowl ing

Member Services

Other Income

THE AMERICAN CLUB SINGAPORE ANNUAL REPORT 2022 / 2023