Summit Fitness Equipment is now part of NovoFit - see www.ausleisure.com.au/suppliers/novofit/read more
Global fitness club revenues continue to rise
The global fitness club industry amassed US$84 billion (A$118 billion, NZ$125 billion) in revenue last year – a rise of 8% when compared with figures for 2013, US$78 bilion (A$109 billion, NZ$116 billion).
Based on data from 6,819 facilities worldwide, the newly released Industry Data Survey (IDS) from the International Health, Racquet & Sportsclub Association (IHRSA), showed that fitness-only clubs (as opposed to multi-purpose facilities) were the biggest drivers of this growth, increasing revenue by 8.9%.
Given their continued momentum in global markets, it can be inferred that low-cost gyms with a stripped-back approach to fitness accounted for much of the gain.
However, global growth would appear to be outstripping Australia’s, where IBISWorld have reported industry growth at a compound annual rate of 3.3% over the past five years.
Overall, the health club industry posted a strong performance in 2014 with more than 180,000 clubs attracting 144 million members. Worldwide, the number of facilities grew from 165,000 to 184,000 (an 11% gain); and the number of members increased from 139 million to 144 million (up 3.6%).
The new IHRSA report also provides detailed analysis of the annual performance of leading health and fitness clubs, including key performance metrics such as revenue and membership growth, payroll, member retention, non-dues revenue, and EBITDA. Profit centre analysis as well as income statement and balance sheet data are also provided.
IHRSA's Executive Vice President of Global Products, Jay Ablondi commented "IHRSA's annual industry data survey results indicate that leading club operators continue to play to their strengths as respondents recorded improvements in key financial and membership metrics.
“This year’s results show multipurpose and independent club reported strong retention results in 2014, while fitness-only and chain facilities posted high net membership growth. All segments increased revenue on a year-over-year basis.”
Click here to view the full report.
9th June 2015 - GLOBAL FITNESS CLUB INCOME REACHES US$84 BILLION
23rd February 2015 - AUSTRALIAN GYM MARKET TO REACH SATURATION WITHIN FIVE YEARS
22nd January 2015 - AUSTRALIANS SPENDING $8.5 BILLION ANNUALLY ON FITNESS
5th September 2013 - FITNESS CLUB MEMBERSHIPS GROW BY MORE THAN 10% IN ONE YEAR
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.
Talk To Us For Independent Advice & Specialised Services We're business people, not sales reps IP HUB is one of Australia’s leading advisors on telecoms for both small businesses and…read more
Geoff Ninnes Fong & Partners (GNFP) is a structural, aquatic and civil engineering consultancy with broad experience in the design of new municipal and institutional swimming pools, hydrotherapy…read more
As of the 1st July 2018, Enta Australasia Pty Ltd/Best Union has been rebranded as VIVATICKET Pty Ltd. 19th July 2018 - ENTA AUSTRALASIA REBRANDS AS VIVATICKET 17th October 2016…read more
Les Mills Asia Pacific Les Mills Asia Pacific (LMAP) have been setting the benchmark for providing professional fitness solutions across Australia and South East Asia since 1996. Our world renowned…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
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
get listed with our suppliers directory
Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!