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Last year, when discussing the IHRSA Global 25, the phrase people used most frequently to describe the industry, overall, was “recession-resilient.” But that was last year.
Now, in reflecting on the industry’s performance in 2013, club operators, analysts, investors, and others seem to have moved on. “Many of the industry’s leaders have put the recession behind them, and are trying to figure out in what ways the sector is going to perform differently going forward,” observes Rick Caro, the president of Management Vision, Inc., a Manhattan- based consultancy.
In short: It’s a new day, a new game, and industry players are trying to sort it all out.
The IHRSA Global Report for 2014, the basis for the IHRSA Global 25 lists, chronicles changes from 2012 to 2013, and, in general, reveals across-the-board increases in a wide range of metrics - both with respect to the U.S. and global industries. Domestically, revenues climbed from $21.8 billion in 2012 to $22.4 billion in 2013, a 2.8% increase; the number of facilities, from 30,500 to 32,150, up 5.4%; and the number of members, from 50 million to 54 million, a solid 8% rise.
For more on the Global 25, read on.
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