Providence Equity Partners的动态

I had the opportunity to bring together this powerhouse panel of industry heavyweights in LA. The second quarterly Fitness Forecast presented by ABC Fitness drops tomorrow on All Things Fitness and Wellness. #fitnessbusiness #fitnessindustry #fitnesspodcast

?? Is the post pandemic gym boom over? A lot of the behind the door conversations that I have been having with suppliers, operators and other leaders who work with gyms and studios are saying the same thing - gyms are struggling right now. ???Foot traffic to major gyms were flat when compared to January 2023. For comparison, January visits rose more than 40% in each of the past two years. ?? Planet Fitness is expected to add 400,000 members in January, about a quarter of its 1.7 million yearly signups. If they fall behind this year, it could be a sign of things to come in 2024. ?? Planet Fitness is on track for its second-worst quarterly sales growth since 2021. ?? Planet Fitness reverted back to its $10 / month price after testing higher prices at certain clubs. ?? Xponential Fitness is expected to report its slowest revenue growth for the quarter since going public in 2021. Coming out of the Connected Health and Fitness conference last week, many believed that we (as an industry) are struggling to reach new audiences. What do you think can help drive growth again??It certainly isn’t accessibility anymore as we have more clubs, that are more affordable than ever before. #gyms #growth #fitness #wellness #2024 #planetfitness #equinox #xponential?#24hourfitness

The fitness landscape has transformed, especially with the surge in home gyms during the pandemic. While enthusiasts (myself included) found temporary comfort in self-sufficient setups, the missing link for many was community and specialized strength equipment, often found in commercial gyms. Low-cost, high-volume models like Planet Fitness may lead to underutilization due to the convenience of a low monthly fee. It's difficult for me to rely on their numbers as gospel, as you can't deadlift there, but you CAN enjoy pizza on a massage chair. But I think plenty of others are seeing stagnation as well. So far, in 2024, I've observed a trend among successful gyms addressing this gap with a thoughtful curation of strength equipment, creating a unique and engaging fitness experience. The prevalence of the "influencer tripod" has a negative impact on gym attendance for some, and I think that's part of today's fitness landscape (love it or hate it). I'm excited to see how these trends shape the fitness industry in the coming years! What are your thoughts?

#investment in the future of fitness, #franchise In Europe, the #EMS (Electrical Muscle Stimulation) market holds significant potential, particularly given the rise in sedentary lifestyles and the growing awareness of the need for healthier habits among the population. The traditional gym model often struggles to accommodate the time constraints and preferences of modern individuals leading busy lives. This is where EMS studios emerge as a compelling solution, offering efficient, time-saving workouts that align with the demands of contemporary lifestyles.

Is the post-pandemic gym boom over? Foot traffic to major gyms was flat from January 2023, according to mobile phone location data for 10 chains tracked by?Placer.ai. What trends is your facility seeing? Have we reached a post-pandemic plateau?

Is the post-pandemic gym boom over? Foot traffic to major gyms was flat from January 2023, according to mobile phone location data for 10 chains tracked by?Placer.ai. What trends is your facility seeing? Have we reached a post-pandemic plateau?

Reviving Fitness Titans: Johnson Health Tech's Strategic Acquisition of BowFlex Johnson Health Tech. Co., Ltd. has acquired the assets of BowFlex Inc., marking a significant shift in the fitness equipment landscape. This acquisition not only saves BowFlex from bankruptcy but also positions Johnson Health Tech as a frontrunner in the industry. Strategic Insights: ???♂? Market Consolidation: By integrating BowFlex's innovative products, Johnson Health Tech is poised to become a dominant force in the fitness equipment sector, ready to meet the post-pandemic consumer's evolving preferences. ???♂? Competitive Edge: This acquisition allows Johnson Health Tech to broaden its product offerings and enhance its market competitiveness, setting new standards in home fitness innovations. Market Implications: ?? Enhanced Product Diversity: Expect Johnson Health Tech to leverage BowFlex's technological prowess, introducing cutting-edge fitness solutions that cater to a wide array of consumer needs. ?? Industry Resilience: This move reflects a broader trend of adaptation and strength within the fitness industry, highlighting the sector's capacity to rebound and innovate amidst challenges. Investor Insights: ?? Growth Opportunities: The strategic acquisition of BowFlex by Johnson Health Tech represents a promising investment avenue. Stakeholders should watch for the integration's impact on market share and company valuation. ?? Risk Considerations: Investors must stay attuned to consumer feedback and market integration success to mitigate risks associated with this acquisition. As we witness Johnson Health Tech's strategic expansion through the acquisition of BowFlex, the fitness industry is set to experience renewed vigor and innovation. This pivotal development not only revitalizes BowFlex but also strengthens Johnson Health Tech's market presence, heralding a new era of growth and technological advancement in fitness solutions. Read More: https://lnkd.in/g4huCmcV #JohnsonHealthTech #BowFlex #FitnessRevolution #StrategicAcquisition #MarketLeadership #InnovationInFitness #InvestmentOpportunity #MarketUnwinded

Overcoming #Ozempic, Peloton Interactive, and #Covid19, #fitness #chains and #gyms are leaner and … well, nicer these days. Pre-#pandemic, 41K #workout joints with 64M #members … can you say #overtrain. A bunch closed and #gymrats left the ship like it was, well … late January. Now there’s about 32K gyms with commensurately fewer denizens. Planet Fitness is the big dawg. It has abt 2,600 locations and 18.7M members — up from 2,000 and 14.4M three years ago. Q3 2023 #revenue was up 2/3 vs pre-#Covid. This despite firing its #CEO last fall under a cloud, and losing a #president / #COO last May, after only five months on the job. Meanwhile Life Time Inc. — at the other end of the price spectrum — saw #revenue rise 22% last year. “I haven’t thought for two seconds about the threat of those weight-loss drugs” says #CEO Bahram Akradi. Xponential Fitness — franchisor of CycleBar, Club Pilates, YogaSix, Row House, and Pure Barre saw 21% higher membership and 36% more systemwide sales in 2023, #YOY. But there are headwinds … PF slashed costs to #franchisees and raised member fees 50% to $15 a month. Gym chain #shares aren’t hot like #yoga these days. #Inflation is a thing. And it’s late January. https://lnkd.in/gMnpxHXK

Do I talk about anything more than longevity these days? Probably not. It’s for good reason. Our world is shifting in a beautiful way and as an industry we get to work in one of the most exciting and profound fields there is. Thanks Krissy, for bringing me into this conversation!