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PRODUCT NEWS
Planet Fitness CEO Chris Rondeau optimistic over sector's outlook
27 Feb 2021 . BY Tom Walker
Planet Fitness has seen seen net member growth during the early weeks of 2021 / Planet Fitness
We're increasingly optimistic about our growth opportunities as the vaccine continues to rollout and consumers increasingly return to daily activities
– Chris Rondeau
People placing increased emphasis on their physical fitness, the advances made in digital fitness and the opportunities arising from a reshaped real estate landscape will help the fitness industry recover from the pandemic, according to Planet Fitness CEO Chris Rondeau.

Rondeau said that the company has already seen the green shoots of recovery during the first weeks of 2021.

"We've been able to successfully weather the ongoing challenges created by COVID-19 thus far," Rondeau said.

"We're encouraged with our start to 2021, as we have seen net member growth and improved usage, which we believe is a testament to our messaging and marketing efforts.

"While we anticipate the operating environment to remain volatile and unit growth to be modest in the near-term, we're increasingly optimistic about our growth opportunities as the vaccine continues to rollout and consumers increasingly return to daily activities, such as bricks and mortar fitness.

"This includes capitalising on industry consolidation and more favorable real estate trends which we believe will emerge over the next several years to expand our store footprint and evolve our technological capabilities to enhance our digital engagement."

Announcing its Q4 2020 results recently, Planet Fitness reported a 30 per cent decrease in revenue for the three months to 31 December 2020 (down to US$133.8m from 2019 figure of US$191.5m).

The pandemic's effects were clear, with the company revealing a 41 per cent fall in total revenue for 2020 (US$406.6m, down from US688.8m).

Planet Fitness opened 130 new clubs during the year, bringing the number of system-wide stores to 2,124 as of 31 December 2020.
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Jobs   News   Products   Magazine
PRODUCT NEWS
Planet Fitness CEO Chris Rondeau optimistic over sector's outlook
27 Feb 2021 . BY Tom Walker
Planet Fitness has seen seen net member growth during the early weeks of 2021 / Planet Fitness
We're increasingly optimistic about our growth opportunities as the vaccine continues to rollout and consumers increasingly return to daily activities
– Chris Rondeau
People placing increased emphasis on their physical fitness, the advances made in digital fitness and the opportunities arising from a reshaped real estate landscape will help the fitness industry recover from the pandemic, according to Planet Fitness CEO Chris Rondeau.

Rondeau said that the company has already seen the green shoots of recovery during the first weeks of 2021.

"We've been able to successfully weather the ongoing challenges created by COVID-19 thus far," Rondeau said.

"We're encouraged with our start to 2021, as we have seen net member growth and improved usage, which we believe is a testament to our messaging and marketing efforts.

"While we anticipate the operating environment to remain volatile and unit growth to be modest in the near-term, we're increasingly optimistic about our growth opportunities as the vaccine continues to rollout and consumers increasingly return to daily activities, such as bricks and mortar fitness.

"This includes capitalising on industry consolidation and more favorable real estate trends which we believe will emerge over the next several years to expand our store footprint and evolve our technological capabilities to enhance our digital engagement."

Announcing its Q4 2020 results recently, Planet Fitness reported a 30 per cent decrease in revenue for the three months to 31 December 2020 (down to US$133.8m from 2019 figure of US$191.5m).

The pandemic's effects were clear, with the company revealing a 41 per cent fall in total revenue for 2020 (US$406.6m, down from US688.8m).

Planet Fitness opened 130 new clubs during the year, bringing the number of system-wide stores to 2,124 as of 31 December 2020.
PRODUCT NEWS
Wigan Warriors switch it up and announce Myzone as new official heart rate monitoring partner
Myzone has announced it's partnering with Wigan Warriors as the rugby club’s official heart rate monitor supplier.
Gympass platform expands to offer customers access to over 2,600 UK facilities
One of the world’s largest corporate wellbeing platforms Gympass has gained a new partner every month since the start of 2021, taking its total to more than 2,600 bricks and mortar UK gym facilities.
Inspiration meets Authenticity: Schwinn X and Z Bikes
Core Health & Fitness, an industry leader in commercial fitness products, is excited to announce its latest product launch: the Schwinn X and Z Indoor Cycling Bikes.
New consumer expectations demand an exceptional customer experience
fibodo believes that providers who meet consumers needs of service, flexibility, richness of content and accessibility will thrive as we build new and different models of working in leisure, health and fitness and across all sports and activities.
Integrated workout solutions will underpin gyms' recovery, says Les Mills’ Martin Franklin
The UK has spent most of the year in lockdown but finally, clubs are beginning to see their fitness communities open back up, with indoor group exercise not far behind.
Red light therapy improves sleep, aids recovery and enhances focus
Offering red light therapy to your members can create a valuable source of secondary spend, while also supporting them with their recovery and delivering improvements to mobility, circulation and muscle soreness.
Smartech brings the Power Plate experience to Selfridges
Smartech, the destination for innovation in exclusive partnership with the best department stores around the globe, has chosen Power Plate to boost its range of health and fitness products.
Connect for success with Precor
Members are returning post-lockdown expecting a fully integrated service, meaning digital connectivity has never been more important.
Marc Jones joins Fitronics in new head of commercial role
Marc Jones has joined Fitronics, the company behind The Retention People (TRP) and CoursePro, in a newly created role of Head of Commercial.
iFit: your readymade omnichannel fitness solution
With gyms and leisure centres in England reopened, and the rest of the UK due to shortly follow suit, the time for being theoretical is over.
Engaging smart technology helps gyms and fitness professionals get their leading role back
Safety, quality of service, and member engagement are key in order to offer a unique fitness experience that will boost the re-start.
Core Health & Fitness announce partnership with Oss Fitness in Spain
Core Health & Fitness is pleased to announce it’s signed an exclusive agreement with Oss Fitness for the distribution of its brands in the commercial and residential markets across Spain.
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COMPANY PROFILES
Fisikal Limited

Fisikal helps fitness professionals, operators and education organisations improve efficiencies and [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  

VIDEO GALLERY

CPASE creates unforgettable luxury member experience at new boutique club with Technogym
Technogym has equipped Clare Stobart's new boutique health club – CPASE. Find out more...
+ More videos  

DIRECTORY
+ More directory  
DIARY

 

17-20 May 2021

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Quinns Hot Springs Resort, Paradise, United States
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+ More diary  
 


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©Cybertrek 2021

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