Fitness went online during the pandemic as stay-at-home orders kept gym-goers inside. But the industry came roaring back as soon as vaccines became widely available and COVID concerns abated. And two players, in particular, are seeing outsized success within their regions.
Health Club News
2022 Revenue for Planet Fitness Increased Nearly 60 Percent
Planet Fitness, Hampton, New Hampshire, reported 2022 revenue of $936.8 million, a 59.6 percent increase, and fourth quarter 2022 revenue of $281.3 million, a 53.2 percent from the same periods in 2021.
Fitness Real Estate Gets A Muscle Flexing Moment
After suffering deadly blows at the height of the pandemic, the fitness industry has made a triumphant comeback.
Planet Fitness Grew by 1.8 Million Members in 2022, Exceeding Expectations
Planet Fitness had 17 million members at the end of 2022, a growth of 1.8 million members during the year, the company shared on Jan. 10, ahead of its presentation that day at the 2023 ICR Conference.
U.S. Health Club Financial Review: 2019-2021 | Inflation Ease a Positive Sign; Not Yet a Trend. Implications for Commercial Real Estate.
As 2022 comes to a close, many health club and studio owners are seeing revenue and membership increases, even as some estimates put the number of permanent club and studio closures during the past three years at 30 percent, thanks for the COVID-19 pandemic.
National Retail Rents Up 4.4% in Q3; Experiential Tenants Taking Up More Space
Retail property fundamentals remained rock-solid in the third quarter as retailers continues to open more stores than they closed.
Gyms Are a Hit With Landlords Once Again
HVLP clubs and studios in particular are pulling people back to in-club workouts, which makes them ideal for the vacated retail space that landlords are faced with as more people shop online.
Gym Workouts Are Back and Boosting Business at Shopping Centers
People are hitting the gym just as hard as they did before the pandemic, providing some much-needed good news for fitness centers and their landlords.
Gyms and Superstores Draw the Most Foot Traffic During Uneven Retail Recovery
Call it the essentials-only comeback.
Superstores, grocers and especially fitness centers are leading the way in retail foot traffic as the country moves through a pandemic “gray area” in consumer behavior.
Moody’s Upgrades Fitness International’s CFR to B3; Outlook Stable
New York, June 29, 2022 -- Moody's Investors Service, ("Moody's") upgraded Fitness International, LLC's
("Fitness International") Corporate Family Rating ("CFR") to B3 from Caa1, Probability of Default Rating to B3-PD from Caa1-PD, and first lien bank credit facilities ratings (revolver and term loans) to B2 from B3. The outlook is stable.
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