Providence Equity Partners’ Post

Introducing the IO S21 fitness device from GELIDA ®! Our versatile muscle toning device uses electric waves that can target specific muscle groups, or isolate individual muscles. The action of the different waves allows us to achieve visible results from the first application, in a comfortable and non-invasive way. The muscles are contracted 150 times more than normal exercise in the gym and just a 30 minute session with IO S21 is the equivalent to a 3 hour gym session! Burning calories with electro stimulation gets your body into shape with visible results after just one treatment. Benefits include: Fat reduction by lipolytic activation Toning up through dermis firming and skin reshaping Muscle recovery and firming Improved lymphatic drainage Restoring of cellular metabolic functions Anti-ageing via bio-rejuvenation Inch loss and muscle definition Sculpt and tone any muscle group on the body including: Face, Arms, Bum, Abs, Pecs or Legs or combine multiple areas. https://lnkd.in/eqjzskeV

Climbing to the top can be tough! Which is why it’s important to NOT do it alone. One of the reasons why Jawbone UP's fitness tracker failed to make it to the top was because they tried to do it without a partner! This affected its ability to compete effectively in the market with current industry giants that came after it. Partner-UP with tech-providers and collaborators in the field to put your ideas on solid ground before scaling upwards to the top! To get start, click in the link: https://lnkd.in/gyyT9E9n

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?

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?

The Gen Z market is still widely untapped by Health Clubs and Gyms. And while a lot of Gen Z are already active gym goers, a large percentage are eager to start. Here's some stats that will better help you understand what this untapped market wants out of fitness and working out. Developing a strategy to target this market can become an entirely new stream of revenue for Health Clubs and Gyms!

Like being informed on what's going on in the fitness industry? You can have news like this delivered to your inbox twice a week by signing up for Club Industry's Newsbeat news letter https://lnkd.in/g9P3X7VJ #fitnessequipment #fitnessclub #fitnessindustry #fitnessbusiness

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?