Business Irish

Monday 20 May 2019

Teeing up: Profits soar as Lahinch prepares for Irish Open

Lahinch golf club
Lahinch golf club

GORDON DEEGAN

Higher green fee income last year helped operating profits at one of the country's best known golf clubs, Lahinch, to rise 65pc to €355,505.

The club's 2018 annual report showed green fee income rose from €2m to €2.32m. At high season this year, it will cost €230 for non-members to play a round at the links course which ranks in the world's top 50.

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Staff are preparing to stage the Dubai Duty Free Irish Open for the first time in the club's 127-year history. Chairman Jim Nolan said around 100,000 people will attend the tournament in July.

The Irish Open will be the largest sporting event ever staged in Co Clare and Mr Nolan said the direct economic impact "is estimated at between €10m to €15m".

He said the Open "will secure the international reputation of Lahinch Golf Club and the surrounding regions for generations to come".

The club is budgeting to record an operating loss of over €260,000 this year due to the anticipated disruption from the event and from more than doubling its spend in promotion/entertainment costs.

The championship course is due to be shut for two weeks ahead of the event and closed for another week in September as the course hosts the Home Internationals.

Irish Independent

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