The slowing economy is having an effect even among the wealthiest residents of Hawaii, and the private clubs that cater to them.
Membership is down at some of Oahu’s major private clubs, while others are seeing their rosters remain stagnant in the economic recession.
While some have cut fees and delayed major improvement projects, others are putting faith in longtime strategies to ride out the recession.
Real estate and business consultant Stephany Sofos dropped a membership at the Honolulu Club, one of two private club memberships she has held for 28 years. “As I saw the recession coming, I wasn’t using it and it was a luxury I didn’t need to have; I wanted to cut my expenses,” she said. “I walk every day in a park now, which is free.” …Â More info