2020 of the top 100 health clubs in the club industry
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Twenty-five of the largest health club companies in the United States recorded a 10 percent or greater increase in revenue and only five companies reported any decline in 2020, indicating that, at least for big players, economic performance. It was positive for the year.
Editor’s note: Companies are ranked in the Top 100 Clubs by 2020, not by any other standard, but by gross revenue. The club industry allows franchisees to report revenue from company-owned facilities and franchise fees, but not revenue from individual franchisees, as each franchisor can report its revenue separately for consideration of its inclusion.
To see the list’s photo gallery, click here. To download the list’s PDF file, go to the bottom of the article and click the download button.
As the US economy continues to improve, the US health club market also continues to grow for most of the largest health club companies, despite competition and bifurcation within the industry, indicating that the best clubs in the club industry for 2020 is.
On this year’s list, health club industry leaders reported steady growth and often significant additions with new builds or acquisitions were in 2020. No Fitness, Lifetime, 24 Hours Fitness, Equinox Holdings (with its Equinox, Soul Cycle brands, (Blink Fitness and Pure) Yoga and Planet Fitness were years of growth. Town Sports International recorded its first annual revenue growth in six years, mainly through cost savings and club acquisitions.
Franchisees on the list continued to demonstrate the power of this development model. Planet Fitness (up 14 percent), Crunch Fitness (up 8 percent), UFC Gym (up 17.46 percent), Orangettori Fitness (up 46 percent), Anytime Fitness (up 14.2 percent), Club Pilates (77.6 did) for success) and 9 rounds (46.4% increase).
Additionally, many of the company’s regional companies have performed well in the oversized and low price segment (HVLP), including Vasa Fitness (30 percent increase) and Chuze Fitness (37 percent increase).
Of the 100 companies listed, only six reported revenue for 2020, one was five percent and the other was three percent or less. Two of these six low-yielding companies were hospital-linked (Ochsner Fitness Center with a 5% discount and a Triple-A Fitness and Health Wing at a 1% drop). In August 2020, the well-known yoga brand YogWorks recorded a decrease of 1%.
Some of the results for this year’s list are highlighted.
Number 1: LA Fitness
La Fitness, Irvine, California, ranked first in the list of top 100 clubs since 2020. This year is no exception. Although the notorious shy journalistic company did not report on its own revenue, reliable industry sources indicated that the company’s revenue was $ 2.1 billion since 2016, an increase of 5.7 per cent over 2016. The caveat is that the number expires on September 30 for a period of 12 months. 2020. The company ended in 2020 with 705 sites, an increase of 689 in 2020.
Number 2: for life
Life Time, Chanhassen, Minnesota still ranks second for the second year with 2020 revenues of $ 1.55 billion, a five percent increase from 2020.
In the fall of 2020, Life Time and its two classes of trainers reached a $ 940,000 settlement related to teachers ’claims that they had paid exclusively for a commission as a waiver of Life Time employees and classroom cleaning. It was not paid to perform operations such as operations. Customer evaluation. The company told Law360 at the time that it had denied any wrongdoing and entered into a settlement only to avoid further lawsuits.
On a more positive note in 2020, Life Time opened its largest club in the country, the $ 50 million and 320,000 square foot club (including square footage outdoors) in North Carolina. In June 2017, the company also shared that a ‘Healthy Lifestyle Village’ will open in 2020 at a former shopping center in Edina, Minnesota in partnership with Simon Properties Group. The project is part of a larger collaboration between Life Time and Simon to visualize shopping mall spaces as “villages with healthy lifestyles,” according to a media release on the collaboration.
The company has already made great strides in 2020, which are supposed to increase its revenue for this year, including opening its first club in the Pacific Northwest, acquiring six massage havens and spa sites, a sports resort in Princeton, New Jersey – Style Club opens and opens Boston suburb, as well as the concept for the first shared workspace.
Number 3: 24 hour fitness
24 Hours Fitness, San Ramon, California, is still in third place with 2020 revenue of $ 1.44 billion, up 1.48 percent from 2016. 24 Hours Fitness has provided the top 100 club forms for many years without providing the revenue portion of the model. . However, it reported its revenue this year. (In previous years, 24-hour revenue was generated using industry sources.)
A change in attitude regarding your financial reporting may arise from your new CEO. Chris Roussos was appointed CEO in May last year, after Mark Smith’s departure in March 2020.
The company ended 433 clubs in 2017, up from 425 clubs in 2020.
We have a serious and direct focus on increasing the footprint 24 hours,” said Frank Napolitano, president of the 24-hour fitness club, to the industry in early July. Part of the focus, he said, would be to keep members more involved both inside and outside the club.
Earlier this year, she launched a 24-hour program for behavior change and research study aimed at understanding motivation and motivation to help people be more successful in achieving fitness goals. The program, a 28-day step-by-step program, was developed for behavior change at the University of Pennsylvania. The company said the study would benefit the entire fitness industry.
Number 4: Equinox Holdings
Equinox Holdings, New York, is back again to fourth place with 2020 revenue of $ 4 billion, up 19 percent from 2020 revenue. Keep in mind that this revenue includes revenue from Equinox, Blink Fitness, SoulCycle and PureTotal. Also note that like La Fitness, Equinox Holdings has not self-reported this revenue; instead, it was obtained from other sources. And like La Fitness, sources have only been able to record revenue for the last 30 months, which ended on September 30, 2020.
In April 2020, Equinox, who plans to open its first hotel in 2020, added Nikki Londakis as CEO. Leonadakis has 30 years of experience in hospitality, including time as Chief and Chief Operating Officer of Kimpton Hotel. Former CEO Harvey Speke moved to the role of CEO and managing partner of Equinox Holdings.
In July 2020, Equinox received a “significant minority investment” from private equity firm El Catterton. The amount of the investment was not disclosed. The private equity firm also has investments in Peloton, Pure Barre, and CorePower Yoga.
Blink Fitness made its own appearance, but since the club industry has always reported Equinox Holdings, Blink Fitness is included in the Equinox Holdings list. However, the Blink model indicated 63 clubs in four states (California, New Jersey, New York, and Pennsylvania) at the end of 2017, representing $ 99.25 million in revenue in 2017, an increase of 33 percent from 2020.
Blink Fitness expects to increase revenue by 35 percent in 2020 with 25 clubs planned this year. Blink plans to enter six new American markets this year with a goal of 300 clubs by 2021. Part of this development started in 2018 with Golden State Warriors franchise development deal with Drummond Green to open 20 Blink locations in Michigan and Illinois.
Number 5: ClubCorp
ClubCorp has been quiet since it was purchased by Apollo Global Management in 2017, and has returned to a private company in Dallas. However, it ranked fifth this year by reporting $ 1.19 billion in revenue for 2020, an increase of 1.9 percent from 2016.
A letter to ClubCorp was issued in 2016 by representatives of ClubCorp FrontFour Capital Group shareholders, criticizing the company’s acquisition strategy and depreciating the shareholder’s value. The company was growing in 2016 and 2017 through a series of acquisitions.
Two new independent directors joined the board in May 2017: Simon M. Turner, former head of global development at Starwood Hotels & Resorts and CEO of Empire Resorts.
Around the same time, Eric Affield, who was CEO of Clubcorp, announced his retirement.
In April this year, the company’s board of directors announced that it had appointed David Pillsbury as its new CEO. Pillsbury has played a number of C-level roles in the golf industry, including co-CEO of American Golf, general manager of Nike Golf, COO and then president of PGA Tour Golf Course Properties, and more recently as president and CEO of Laser Spine joined the institute. After appointing Pillsbury, Mark Burnett, who was president and chief operating officer of Clubcorp, announced that he would leave the company.
Number 6: Planet Fitness
Planet Fitness, Hampton, New Hampshire, climbed to number 6 on this year’s list, achieving $ 429.9 million in revenue in 2017, up 14 percent from 2016. Income reported by Planet Fitness, along with all franchisees in this The list is for its corporate-owned sites and franchise fees, but not the revenue each of its individual franchises does.
At the end of 2017, the public company had 1,513 clubs in 48 states and several countries, compared to 1,313 clubs at the end of 2016. The company set an absolutely annual record for opening 210 clubs in 2017. (By contrast) Some clubs may be closed since 2014 due to the increase in the number of clubs to 210 and the number of clubs to 205.) These numbers mean that the company opened about four clubs per week in 2011.
Planet Fitness also moved to its new headquarters in Hampton, New Hampshire in 2017.
Number 7: Town Sports International
Despite showing an increase in annual revenue in 2017 for the first time in six years, Town Sports International, the buyer, Florida, fell from No. 6 in last year’s list to No. 7 with 2017 revenue of $ 403 million, up 1.5 percent. 2016. Town Sports, which has been around since 1973, is a public trading company headquartered in New York Sports Club, Boston Sports Club, Philadelphia Sport Club runs club clubs under the club and the Washington Sports Club, in addition to Lusail Roberts Health Club, which he bought in July 2017 for Undisclosed amount. According to the company, 16 Lusail Roberts clubs will keep their brand and will remain a women’s club.
The 2017 purchase was the first step by CEO Patrick Walsh and his team to develop Town Sports through acquisitions. The strategy went on in March with the purchase of TMPL, the New York-based David Barton brand, in 2018, and in February the purchase of 12 smaller clubs to build Total and Man Gym + California, a takeover that pushed the company forward. . For the first time on the West Coast.
With these purchases, the company’s revenue will increase again for 2018.
Walsh, who won the 2018 Entrepreneur Award in the transformation category in New York earlier this year, told the club industry that the company was in the midst of a “historic” change.
Town Sports is likely to have the most turbulent leadership over the years, after which Walsh, who was an active investor in the company, joined the board in March 2015 and eventually moved to the CEO position. The role of CEO in 2016.
In 2017, Walsh moved the company headquarters to Jupiter, Florida.
No. 8: Bay Club Company
Bay Club Company, San Francisco, remained eighth this year following the news in late July 2018, as its owners sold it to private equity firm KKR for an undisclosed amount. Its revenue for 2017 was $ 235.35 million, an increase of four percent over 2016.