After suffering deadly blows at the height of the pandemic, the fitness industry has made a triumphant comeback.
Health Club News
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.
The Return of Offline Fitness
Gyms and health clubs are experiencing a major visit surge, driven by increasingly health-conscious consumers excited about the post-COVID fitness reopenings.
Interest in health and wellness is on the rise. The fitness, health, and gym club industry in the United States already reached $36.6 billion USD in revenue in 2022, and consumer demand shows no sign of slowing down. And while COVID-19
U.S. Health Club Participation Rate Reaches Highest Ever, Per IHRSA Study
An increasing overall percentage of Americans used at least one health club or studio, reaching 27 percent of the population—the highest total on record, according to recent data from IHRSA, a trade association for health clubs.
In addition, U.S. health club memberships have grown by 3.8 percent in the past two years to 66.5 million people ages six years old and older or one in five Americans,
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