 |
|
|
 |
14 Jun 2018
Deloitte report – Asia Pacific fitness market now worth US$16.8bn
BY
Tom Walker
|
There are now more than 25,000 clubs across the region, accommodating around 22 million club members
Fast-growing economies and the prospect of future growth are fueling Asia Pacific's fitness sector, according to a new report by Deloitte and IHRSA. The IHRSA Asia-Pacific Health Club Report shows that the region's fitness idustry is now worth US$16.8bn (€14.2bn, £12.5bn) – a new record high.
It also estimates that there are now more than 25,000 clubs across the region, accommodating around 22 million club members.
Only two markets in the region are considered mature – Australia and New Zealand – which means there are plenty of opportunities for wellness business of all sizes to move in and to establish a presence.
Some of those opportunities are already being snapped up by operators.
The penetration rate within Hong Kong's fitness market has grown to around 5.9 per cent, while in Singapore the rate is currently at 5.8 per cent.
Both are high above the 3.8 per cent average penetration rate measured in 2015.
Significant growth opportunities still remain across the region, with a number of developed economies, such as the Philippines (penetration rate of 0.53 per cent), Thailand (0.5 per cent) and Indonesia (0.18 per cent), having very low number of active operators.
"Driven by the momentum of economic prosperity, the fitness market in the Asia Pacific region has shown steady growth, with a positive outlook going forward," said Alan MacCharles, partner at Deloitte China.
"Overall market penetration is on an upward trajectory, reflecting an increasing awareness of the importance of good health and the role a club membership can play in this."
The report focuses on the health club industry in 14 markets in the Asia-Pacific region as well as 10 city-level insights for select cities in China and India.
To read a more a more detailed analysis of the report, click here for issue 6 of Health Club Management magazine.
 |
|
|
|
|
|
|
|
|
|
Connect with
World Leisure |
|
|
|
|
|
|
|
|
|
|
|
|
|
| News headlines |
|
|
 |
 |
|
19 Apr 2024
Norwegian health club operator, Treningshelse Holding, which owns the Aktiv365 and Family Sports Club fitness chains, has acquired fellow Norwegian operator, Aktiv Trening. The
.... more>> |
|
|
|
 |
|
19 Apr 2024
The HCM team were busy at the recent FIBO Global Fitness event in Cologne, Germany, distributing a special FIBO edition of HCM in
.... more>> |
|
|
|
 |
|
18 Apr 2024
Atlanta-based boutique fitness software company, Xplor Mariana Tek, has kicked off a push for international expansion. Shannon Tracey, VP of sales
.... more>> |
|
|
|
 |
|
18 Apr 2024
The Global Wellness Institute (GWI) has released new data on the US’ wellness economy, valuing it at US$1.8 trillion. According to the
.... more>> |
|
|
|
|
|
 |
|
| Company profile |
|
Precor
Precor has been a pioneer in delivering fitness experiences for commercial customers for more than 40 years.
View full profile>> |
|
| Catalogue gallery |
|
|
| Featured Supplier |
|
 |
|
|
|
in this issue
• Virgin gets right to wipe out rent arrears
• Fitness industry mourns passing of Jan Spaticchia
• STA offers mindfulness resources
|
|
|
|
|
|
|
 |
| World Leisure jobs |
 |
Centre Manager (Leisure)
Salary: £40,221 - £42,403pa + pension + benefits
Location: Exeter, UK
Company: Exeter City Council
|
|
Director of Operations
Salary: £61,000 - £64,000 + exceptional pension + excellent benefits
Location: Luton, UK
Company: Active Luton
|
|
|
|
|
|
| Diary dates |
|
| Powered
by leisurediary.com |
 |
|
|
|
|
