Regupol Australia Pty Ltd offers a comprehensive range of recycled rubber fitness and leisure flooring surfaces. Their range of products include everroll rubber flooring, Regupol elastic…read more
ClassPass looks for Asian expansion with Singapore launch
With its international expansion having slowed over the past 18 months, leading sharing platform ClassPass has announced that it is set to go live in Singapore, the first city Asian city in which it will operate.
US-based ClassPass allows its users to book fitness classes and packages across a multitude of fitness facilities and works with more than 10,000 fitness partners across over 50 cities, primarily in the USA but also in Australia and Canada.
Seeking additional growth opportunities, the company’s move into Asia follows its recruitment of Chloe Ross as its new Vice President - International in May and is expected to include other Asian countries after Singapore.
Singapore’s sovereign fund, Temasek, having led ClassPass’s US$70 million capital investment funding round last year and its sophisticated fitness market are seen as factors in it being ClassPass’ starting point on the continent.
The New York, USA-based business was the first to pioneer the fitness subscription model but it already has competition in Singapore and other parts of Asia. Singapore’s own GuavaPass operates in 12 countries across Asia and the Middle East, having previously raised US$5 million, while another rival called KFit is present in four cities in South east Asia.
However, KFit’s experience shows that models for fitness sharing are challenging in Asia. In 2016 KFit raised more than $15 million from investors and scaled to over a dozen cities before it changed direction to coupon-style group deals in a strategy that included the actual purchase of Groupon businesses in Southeast Asia.
KFit exited the Australian and New Zealand markets in late 2016 after less than a year of operations.
ClassPass has also faced challenges, including having raise the price of its core offerings and a management reshuffle.
ClassPass will launch in Singapore as of next Tuesday (7th August) with its website now active.
Click here for more information.
Image: ClassPass founder Payal Kadakia.
1st June 2018 - ClassPass announces plans for aggressive global expansion
3rd April 2017 - Google launches new booking service for fitness classes
29th November 2016 - Lookfit online comparison site aims to empower fitness consumers
1st November 2016 - ClassPass records incremental growth on one year Australian anniversary
23rd September 2016 - KFit exits Australian market
9th June 2016 - KFit acquires Groupon’s Indonesian operations
29th October 2015 - ClassPass launches monthly fitness membership service in Australia
18th September 2015 - ClassPass set to launch in Australia
Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?
The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.
However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.
Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.
Subscriptions cost just $90 a year.
Click here to subscribe.
The Complete Guide to Leisure Industry Products & Services.
The Fitness Generation is now part of NovoFit - see www.ausleisure.com.au/suppliers/novofit/read more
Whether your goal is increasing your centre's revenues or creating an engaging environment, why not add play to your project? If you're looking for stylish aquatic play features, kid-tested…read more
Aflex Inflatables are the leaders for obstacle courses, pool toys, waterparks and land-based watersides and fitness runs. They are industry leaders offering the widest range of pool, lake and beach…read more
Ausfit began in 1992, providing software services to the health and fitness sector including ClubWise, a fully hosted web-based product which combines state of the art club management software,…read more
Fitness On Demand™ is a market-leading developer of virtual group fitness products. Our innovative video delivery systems offer robust content and a simple-to-use, comprehensive web app. Fitness…read more
Gunnebo is a global provider of security and access control solutions and services with sales companies in 31 countries in Europe, the Middle East, Africa, Asia, the Americas and Australia.…read more
SGL is an innovative and progressive lifestyle, leisure and community consulting practice, operated by Phillip Gray and active since 1988. SGL has undertaken an extensive range of sport,…read more
get listed with our suppliers directory
Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!