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NEWS
US fitness sector lost US$20bn in 2020 - but recovery is 'on the horizon'
POSTED 29 Jul 2021 . BY Tom Walker
The fitness sector's recovery has already begun, as restrictions are being lifted across the globe Credit: Shutterstock/Flamingo Images
The US fitness industry lost around 58 per cent of its revenues during 2020
The US market generated revenues of US$15bn during 2020 – down from US$35bn in 2019
Around 17 per cent of US health clubs were forced to close permanently during the pandemic
The report states that a bounce back will be a "long-term effort" across the global industry and uneven across fitness club segments
The US fitness industry lost around 58 per cent of its revenues during 2020, due to the pandemic and the subsequent lockdowns and club closures.

According to the The 2021 IHRSA Global Report, the US health club market generated revenues of just US$15bn in 2020 – down from the record US$35bn it created in 2019.

The report, published this month (July 2021), also estimates that around 17 per cent of clubs in the US were forced to close permanently due to the disruption.

According to the report, the sector's recovery has already begun, due to the lifting of lockdown measures across the globe.

The bounce back will be a "long-term effort", however, across the global industry – and will be uneven across fitness club segments.

Health clubs located in regions either less impacted by COVID-19 – or with access to adequate government relief – are positioned for an imminent recovery, the report says.

Kristen Walsh, the report's associate publisher, said: “This year’s IHRSA Global Report shows that despite the pandemic, the health club industry is positioned for growth as fitness businesses recover and consumers return to gyms and studios.

"As the report bears out, the public needs the environment and support club operators provide in improving the health of their communities.”

Jay Ablondi, IHRSA’s publisher and executive vice president of global products, added: "“Last year will go down in history as one of the most challenging for businesses globally, and the health and fitness industry in particular.

“However, the permanent closure of 17% of clubs in the U.S.—and even higher in some countries—has left a large segment of displaced members seeking new alternatives.

“Many surviving clubs in these markets have already seen significant increases in membership, outpacing pre-pandemic numbers. As we look to the future, all signs point to a strong comeback for the fitness industry.”

To access the full report, click here.
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NEWS
US fitness sector lost US$20bn in 2020 - but recovery is 'on the horizon'
POSTED 29 Jul 2021 . BY Tom Walker
The fitness sector's recovery has already begun, as restrictions are being lifted across the globe Credit: Shutterstock/Flamingo Images
The US fitness industry lost around 58 per cent of its revenues during 2020
The US market generated revenues of US$15bn during 2020 – down from US$35bn in 2019
Around 17 per cent of US health clubs were forced to close permanently during the pandemic
The report states that a bounce back will be a "long-term effort" across the global industry and uneven across fitness club segments
The US fitness industry lost around 58 per cent of its revenues during 2020, due to the pandemic and the subsequent lockdowns and club closures.

According to the The 2021 IHRSA Global Report, the US health club market generated revenues of just US$15bn in 2020 – down from the record US$35bn it created in 2019.

The report, published this month (July 2021), also estimates that around 17 per cent of clubs in the US were forced to close permanently due to the disruption.

According to the report, the sector's recovery has already begun, due to the lifting of lockdown measures across the globe.

The bounce back will be a "long-term effort", however, across the global industry – and will be uneven across fitness club segments.

Health clubs located in regions either less impacted by COVID-19 – or with access to adequate government relief – are positioned for an imminent recovery, the report says.

Kristen Walsh, the report's associate publisher, said: “This year’s IHRSA Global Report shows that despite the pandemic, the health club industry is positioned for growth as fitness businesses recover and consumers return to gyms and studios.

"As the report bears out, the public needs the environment and support club operators provide in improving the health of their communities.”

Jay Ablondi, IHRSA’s publisher and executive vice president of global products, added: "“Last year will go down in history as one of the most challenging for businesses globally, and the health and fitness industry in particular.

“However, the permanent closure of 17% of clubs in the U.S.—and even higher in some countries—has left a large segment of displaced members seeking new alternatives.

“Many surviving clubs in these markets have already seen significant increases in membership, outpacing pre-pandemic numbers. As we look to the future, all signs point to a strong comeback for the fitness industry.”

To access the full report, click here.
RELATED STORIES
IHRSA names Elizabeth Clark president and CEO


IHRSA has appointed Elizabeth Clark as its new president and CEO.
US GYMs Act would provide sector with US$30bn in grants


The US fitness industry is mobilising to support the Gym Mitigation and Survival (GYMs) Act, which could provide up to US$30bn in grants to health clubs and studios at risk of closing their doors permanently.
IHRSA moves 2021 convention and trade show to Dallas in October


The International Health, Racquet & Sportsclub Association (IHRSA) has moved its Annual International Convention & Trade Show from Los Angeles to Dallas, Texas.
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RSG opens flagship John Reed in Berlin, as its builds out its 'world city' portfolio
With the launch of its 49th John Reed, RSG Group is looking for more opportunities for its high- end brand in the US and Europe, but is pausing UK expansion.
PureGym's new results set it up for accelerating growth
PureGym saw revenues rise by 15 per cent in 2023, with the company announcing plans to develop 200 new clubs in the next three to four years.
Deloitte says European health club market hit an all-time high for revenues in 2023
Following three disrupted lockdown years, the European fitness market bounced back in 2023, according to Deloitte and EuropeActive’s hot off the press European Health & Fitness Market Report 2024.
Workers' Educational Association and CLUK team up to launch Carbon Literacy Course
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Perfect Gym Solutions S.A.

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+ More profiles  
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+ More catalogues  

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22-24 Apr 2024

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