Fitness Industry Statistics

1801 WordsDec 4, 20108 Pages
The Fitness Industry Shown below are recent fitness industry statistics provided by IHRSA (International Health, Racquet and Sports club Association) Though there are many similarities between the health club industry and other retail, health promotion, hospitality and leisure time businesses, the industry is distinctive in various ways. Among them are the following: The industry continues to grow during economic downturns. Whereas during the economic downturns most retail and hospitality businesses experience contraction, the health club industry has, over the past 20 years (including three recessions), continued to grow… It has become a convenience business. Because workout frequency is crucial to reaping the rewards of regular exercise,…show more content…
September 25, 2003) The industry lies in the path of progress. The health club industry—because it provides facilities and programs that prove to be a key factor in keeping people healthy, lean, strong, and attractive---lies at the center of one particular path of progress. That path of progress is prevention. Not only does the health club industry help people prevent heart disease, diabetes, hypertension, cancer, etc., but it is also now acknowledged that preventative health care (of which regular exercise is an indispensable part) is, from a public health perspective, equally if not more important than curative or recuperative health care. It is also recognized that in order to stay lean, strong and energetic, a regimen of regular exercise is essential. Thus, from a societal perspective as well as from an individual perspective, the health club industry is one of those industries that lie in the path of human progress. The industry is the beneficiary of an increasingly health-conscious, weightconscious nation. Numerous studies show that Americans prize health—their own and that of their loved ones—as the most important value in their lives. It ranks higher than wealth, or friends, or a fine job, or a great education. The industry enjoys significant landlord and equipment financing. Because this is a fixed cost business, landlord financing can be a key success factor. Landlords who are looking to fill new retail malls and/or commercial
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