COVID-19: Alarming Stats From Fitness Industry

From Fitness Forum, London:

Some industry data from the fitness club industry for those interested. In a worldwide survey, results from 2,500 clubs showed as of April 1/20:

– 2/3’s of brick & mortar clubs had closed, 1/3 remained open

– Of closed clubs, 57% had frozen membership and 43% continued billing

– of the clubs billing, 60% billed at full price, 20% at 50-100% of regular dues and 20% billed at less than half regular dues

– 90% of all clubs expect to be fully open and operating at close to normal operations in less than 90 days.

From other sources, some clubs are in very difficult positions:

– 24 Hour Fitness, a 448-location U.S.-based chain, is considering bankruptcy (they were billing until a few days ago)

– Gold’s Gym is closing over 30 clubs in the U.S.

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