Health Club News

April 19, 2022 | BY Placer.ai

Fitness Foot Traffic up Yo3Y for 2nd Quarter in a Row

Offline fitness experienced a revival in Q1. After a budding recovery in Q4 followed by an Omicron-induced drop in visits in January, fitness foot traffic rose once more, leading to an overall 5.6% increase in fitness visits in Q1 2022 compared to Q1 2019. This follows a Yo3Y quarterly growth of 2.5% in Q4 2021, meaning that fitness visits over

February 24, 2022 | By Club Industry Staff 

Planet Fitness, Hampton, New Hampshire, reported 2021 revenue of $587 million, compared to $406.6 million in 2020, and fourth quarter 2021 revenue of $183.6 million, compared to $133.8 million in fourth-quarter 2020, the company announced on Feb. 24.

January 11, 2022 | Creditntell Financial Update

Today, Planet Fitness, Inc. announced it entered into a definitive agreement to acquire Sunshine Fitness Growth Holdings, LLC, an owner and operator of 114 Planet Fitness clubs in the Southeast, in a cash and stock transaction valued at $800 million. The cash portion will be funded with new secured notes and cash on hand (details not yet disclosed).

November 15, 2021 | Business Wire

NEW YORK--(BUSINESS WIRE)--Gympass, the world’s largest corporate wellness platform, has announced the newest addition to its network of participating locations: Fitness International, LLC, the operator of the LA Fitness, City Sports Club, and Esporta Fitness brands. With this addition, Gympass users may now be eligible to access some of the most popular fitness clubs in the country.

November 4, 2021 | Creditntell Special Update

Today, Xponential Fitness, Inc. announced an exclusive development agreement with Fitness International, LLC, which operates LA Fitness and City Sports Clubs.

July 6, 2021 | CNBC News | Marcus & Millichap

CNBC News Features Marcus & Millichap’s President and CEO Hessam Nadji.

Real Estate Resilience Fuels Growth in Post-Pandemic Rejuvenation

June 1, 2021 | By Moody's Investors Service

New York, June 01, 2021 -- Moody's Investors Service, ("Moody's") upgraded Fitness International, LLC's ("Fitness International") Corporate Family Rating ("CFR") to Caa1 from Caa3, Probability of Default Rating to Caa1-PD from Caa3-PD, and first lien bank credit facilities ratings (revolver and term loans) to B3 from Caa3. The outlook is positive.

June 3, 2021 | By Placer.Ai 

Many pessimistic predictions were voiced about the future of gyms at the height of the pandemic. The fitness sector’s future seemed bleak as memberships were frozen and/or canceled en masse, and surveys showed that most Americans didn’t plan to renew their gym memberships after the pandemic. But, as we know, the best-laid plans of mice and men often go awry - and in this case, gyms look to be the

May 26, 2021 | By Club Industry Staff

The Gym Mitigation and Survival (GYMs) Act was introduced in the U.S. Senate on May 13. This follows the Feb. 5 introduction of a companion GYMS Act bill in the U.S. House of Representatives where it now has more than 110 sponsors.

U.S. Senator Tammy Duckworth (D-IL), member of the U.S. Senate Committee on Small Business and Entrepreneurship, and U.S. Senator Jerry Moran (R-KS) introduced

January 20, 2021 | By Club Industry Staff

Ninety-one percent of Americans with a 2021 New Year’s resolutions made one related to fitness, according to a survey released by Planet Fitness, Hampton, New Hampshire. The survey of 1,003 American adults was conducted by Kelton Global.

Eighty-four percent of those surveyed said they were making a 2021 resolution.