Fitness Industry Roundup: Well-being Defines Wealth

Americans are defining wealth by their well-being, the health and fitness industry stands as an ally during Pride month, Apple releases new health tracking features, and more.

Did this month fly by for everyone or was it just me? Maybe it’s all the awesome news I’ve come across related to our industry—or, possibly, the fact that June gloom floated away from California.

Either way, there’s so much happening that you should know about. First off, our government affairs team is working tirelessly on many projects, one being adjusting the FTC’s “Click-to-Cancel” proposal. Read on for an update on that and more optimistic headlines.

IHRSA Seeks Coordination With FTC on “Click-to-Cancel”

On Friday, June 23, IHRSA filed comments with the Federal Trade Commission (FTC) in response to their proposed rule on contract terminations. The legislation seeks to require simple online cancellation of health club and gym memberships but goes much further to limit many other aspects of the member/club relationship, including the ability to offer alternatives to cancellation. In our comments—developed with guidance and input from the National Health & Fitness Alliance Advisory Council to build a consensus position—IHRSA emphasized the differences between in-person fitness businesses and online subscription services and urged the FTC to tailor the rule accordingly.

Read the International Franchise Association’s response to the FTC.

Consumers Define Wealth by Their Well-being

Responses from the new Charles Schwab Modern Wealth Survey overwhelmingly show that people believe well-being—not money—measures wealth. According to CNBC, respondents estimated that a net worth of $2.2 million makes someone financially wealthy. Although, overall, they mentioned their well-being (40%) more often than money (32%) and assets (26%) when asked what being wealthy means to them. These responses are encouraging to more than just our industry. “Whether they know it or not, well-being is much more important,” said CFP and financial psychologist Brad Klontz, a managing principal of Your Mental Wealth Advisors.

More on the survey responses.

Be An Ally: Health & Fitness Industry Celebrates Pride

In the wake of anti-pride backlash, numerous health and fitness businesses marched on with their Pride campaigns and partnerships. IHRSA member Blink Fitness partnered with The OUT Foundation, an organization that works to remove the barriers that block LGBTQ+ individuals from accessing and participating in fitness, health, and wellness. To support the Foundation, throughout the month, Blink donated a portion of membership sales, limited-edition Pride T-shirt sales, and $1 for every participant at its free Pride workout. IHRSA member Planet Fitness stuck to its Judgement Free ethos and partnered with Joey Donatelli to design the You Belong Pride collection. All proceeds benefit the It Gets Better Project, which ensures that LGBTQ+ kids feel safe and secure in their own skin. And, finally, IHRSA member the American Council on Exercise provided an in-depth article educating health and fitness industry professionals on the value of inclusive language and affirming spaces.

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Learn more about inclusive language.

Apple Releases New Health Tracking Feature

To encourage healthy behaviors, reduce the risk of myopia, or nearsightedness, and provide ways to assess and address depression, Apple launched new health and privacy features. A key update is the ability for users to track emotions and identify things or people that make an impact on their feelings. These features are available in the Health app in iOS 17 and iPadOS 17 and the Mindfulness app in watchOS10, reported Fierce Healthcare. “Our goal is to empower people to take charge of their own health journey,” said Sumbul Desai, M.D., Apple’s vice president of health. “These insights help support users in their daily decisions and offer more informed conversations with their doctors.”

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Find out more about the features.

FIT Summit Honors 2023 Awards of Excellence Winners

On June 13, the FIT Summit recognized its 2023 Awards of Excellence Winners in Singapore. The Awards of Excellence recognize leading companies and executives across health, fitness, wellness, and hospitality in the Asia-Pacific Region. Congratulations to the following IHRSA members who were winners:

  • ABC Fitness / Glofox, Deal of the Year

  • ABC GLOFOX, Technology Company of the Year

  • Viva Leisure, Fitness/Wellness Company of the Year

  • Anytime Fitness, Franchise of the Year

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Check out the full list of winners.

Has your health or fitness-related business been featured in the news recently? We want to know! Send a link to any news article or video that highlighted your business to, and we may include it in a future issue of the Fitness Industry Roundup.

Author avatar

Sami Smith

Sami Smith is IHRSA's Senior Manager of Digital Communications, working to shape the organization's image on various digital platforms. On a typical day, she creates content, delivers impactful communications, and executes targeted marketing efforts to keep IHRSA at the forefront of the industry. Outside of the office, you can find her exploring new destinations, indulging in food, or participating in just about any sport.