Monday, June 21, 2010

Tighter Belts Shape Health Club Industry

“Big health club chains tackled far-flung markets, and value clubs drew budget-minded consumers in 2009, according to the IHRSA (International Health, Racquet & Sportsclub Association) 2010 Global Report on the state of the health club industry. ‘Clubs doing well in Europe and the United States are either high end or budget clubs, because people want to cut back while still keeping gym memberships,’ said IHRSA spokesperson Alison O'Kane. ‘It's squeezing the middle market a lot.’ In the United States health club chains made more money in 2009 but the number of clubs fell slightly. Club membership in Europe, led by the United Kingdom, Germany and the...

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