Global health & fitness news

Comment for IHRSA Global 25 Report

  Each year, The IHRSA Global 25 looks at the world’s top health club companies. Below are some comments we contributed to the 2020 report which is shortly being published. Jon Feld was asking the questions: Jon Feld: In 2018, a lot of growth was driven by acquisition (e.g., Nordic operator SATS ...

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Peloton sprints towards one million connected fitness subscribers

Here are some of the most recent Peloton numbers (period ending March 2020 as) the business sprints towards one million paid subscribers. Peloton defines a connected subscriber as someone paying the £39/$39 to access live and on-demand classes. It defines a subscriber as currently paying and/or temporarily paused. You can ...

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How Peloton has redesigned the in-home fitness experience

  John Foley, the co-founder (see footnote 1) of Peloton (that's him in the picture above), is a life-long fitness enthusiast who always made time to workout. However, that began to change when his children were born. With family life beginning to take priority over exercise, he and four other founders ...

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Ray Algar takes up advisory role with Finnish premium low-cost gym operator, Liikku

Global fitness industry analyst Ray Algar announces that he has accepted a non-executive strategic advisory role with Liikku, a leading operator of premium low-cost gyms in Finland. ‘Liikku’, which broadly translates to mobility in English, was founded by Johanna and Heikki Riihijärvi in 2010 with the mission of encouraging more ...

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Ray Algar takes up a non-executive strategic advisory role with Pendex

Global fitness industry analyst Ray Algar announces that he has accepted a non-executive strategic advisory role with Pendex, a company that is bringing an AI-powered exercise system to the global health and fitness industry. Ray will be advising Pendex as they begin rolling-out their connected solution to businesses seeking new ...

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Comment for The Economist fitness industry article

During January 2018, The Economist contacted me to discuss an article they were researching on the fitness industry. Their initial angle for the article was to discuss the good-intentioned New Year resolution for people to get fit and how clubs and studios are the grateful beneficiaries of this surge in demand. ...

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MFORUM Conference in Kazakhstan and Russia

  Last week I took part in the MFORUM event in Kazakhstan and Russia. This was the third year the event has been held in Russia and the first time in Kazakhstan. The one-day event involves four international speakers who each deliver a 90-minute talk. My talk was titled: ‘The emergence ...

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Ray Algar is interviewed by MFitness Russia

  At the end of June 2017, I shall be travelling to Kazakhstan and Russia to give talks as part of this year's MFORUM fitness industry event. MFORUM brings together senior members of the fitness industry and involves four international speakers who each deliver a 90-minute talk. What follows is a short interview ...

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Major health clubs chains must redraw business models or wither away

New report advises mid-market health clubs of urgent need to shake-up traditional business models Warns of growing competition from all sides without growth in customer base Recommends that clubs clearly define what they stand for Advises clubs to avoid simple price-cutting to compete and instead re-think long term direction Report published Friday December 11th, ...

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How does your health club brand resonate with consumers?

Recently, an email dropped into my inbox from Steve Tharrett, co-founder of ClubIntel, a U.S. based strategic consumer insights firm whose mission is to elevate the member experience for the club industry. It was to notify me on a white paper they had just published called: 'Does your brand resonate ...

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