The American Club 2021/2022 Annual Report

PAGE 12 THE AMERICAN CLUB SINGAPORE ANNUAL REPORT 2021 / 2022

MEMBERSHIP

Due to its volatile nature, the pandemic proved to be difficult to navigate for many businesses and the Club is no exception. Four years of redevelopment phase and a re-opening that was thwarted by an unprecedented global phenomenon, the Club maneuvered through unchartered territories with much success. The American Club brand and its solid reputation continue to attract potential members from Singapore and abroad. Limited travel, relocation from Hong Kong, steady stream of referrals from existing Members are just some of the factors that contributed to this year’s exceptional membership results. At the end of FY2022, membership strength stood at 3,509 with 515 new Members for the year. This total is 60 more than the 455 new Members who joined in FY2021 and 151 more than those who joined in FY2015, pre-redevelopment. This increase in new Members helped to generate entrance fees of $5.75 million in FY2022.

ASSOCIATE MEMBERSHIP, A LIFETIME MEMBERSHIP

The Associate Membership is a category that enables non-US, non-Canadian citizens to avail of a lifetime membership at The American Club. In June 2021, the Club saw the conversion of the remaining 12 eligible Members under the Associate Family Transfer Program. In November 2021, the Club admitted 15 slots of Non-Transferrable Associate Members through a Referral Program launched to our Members, resulting in a total entrance fee of $7.45 million for FY2022.