Following the tough recession years in the late 2000s and early 2010s, the good news that came with The IHRSA Global 25 the past couple years was that the fitness industry is "starting to come out of the woods."
There are still a few trees to get past in 2013. And even though the report shows that club memberships in the U.S. are down 2.3% to 50.2 million, revenues actually increased to $21.8 billion - a 1.8% increase from $21.4 billion in 2011.
“Financial pundits have officially classified the health and fitness club industry as recession-resilient, not recession-resistant,” notes Rick Caro, president of Management Vision, Inc., an industry consultancy based in New York City.
Each year, The IHRSA Global 25 ranks companies on total membership, total clubs owned, total revenue, revenue and unit growth, total franchise units, as well as 5-year revenue growth and 5-year unit growth. Of the 54 companies that make up The IHRSA Global 25 listings, more than half - 24 - are headquartered in the United States. The others with more than one are U.K. (7), Brazil (3), Germany (3), Japan (3), Norway (3) and Russia (2).
24 Hour Fitness USA, Inc., came in with 3.8 million members, topping the list in The IHRSA Global 25; Curves International, Inc. followed with 2 million members.
As for units owned, LA Fitness International, LLC (USA), claimed the #1 ranking with 568 locations. 24 hour Fitness, in second, also topped 400 location with 419 to its name.
In 2012, franchise companies continue to report impressive growth. The leaders in terms of unit growth were Anytime Fitness, anchored at #1 with 2,035 facilities, a 15% increase over 2011; Snap Fitness, climbed to 1,400 units, up 13%; Planet Fitness reported 653 clubs, a 33% increase, all based in the USA. Life Time Fitness, Inc. claimed the #1 spot in total revenue, reporting with $1.127 million in 2012, followed by Virgin Active (U.K.) with $1.037 million.
For more on The IHRSA Global 25, read the full press release.