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Life Fitness (UK) Ltd
Life Fitness (UK) Ltd
Life Fitness (UK) Ltd
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UNITING THE WORLD OF FITNESS
Health Club Management

Health Club Management

features

Research: IHRSA Europe CEO study - Report shows positive outlook for European fitness industry

IHRSA has released a new report giving insights into CEO confidence among its members. Kristen Walsh reports

By Kristen Walsh, IHRSA | Published in Health Club Management 2018 issue 11
Survey participants said finding great staff will be increasingly challenging
Survey participants said finding great staff will be increasingly challenging
CEOs are very confident about the current economic and marketplace conditions for the industry, as well as how those conditions impact their own club businesses - Florian Cartoux, IHRSA

The new 2018 IHRSA European CEO Study Report provides an outlook on the European health club industry from the perspective of CEOs from leading companies.

The report, based on a survey of more than 2,600 European facilities, features a European CEO conviction index, which serves as a barometer for the current and future business conditions affecting the club industry in Europe.

Overall, the CEO conviction index shows leaders are extremely confident about the current economic and marketplace conditions for the industry, as well as how those play out for their own business. A high level of confidence also exists for the future of the health club industry in Europe.

“CEO confidence in the health club industry is extremely high in Europe,” said Florian Cartoux, IHRSA director of Europe. “CEOs are very confident about the current economic and marketplace conditions for the industry, as well as how those conditions impact their own club businesses.”

Recruitment challenge
However, confidence in the employment environment signifies a potential challenge for the future. At a score of 77, the employment conviction index is nearly 10 points lower than the overall CEO conviction index. CEOs indicated that over the next three years, recruiting and retaining qualified staff would be a significant challenge.

The report also highlights positive and negative trends which are guiding decisionmaking among CEOs.

This section of the report shows that while the power of social media and the emergence of millennials as consumers are seen as positives, the growth of franchises and ‘middlemen’ such as Classpass are seen as a threat.

IHRSA members also said they would be unlikely to reposition their business, merge with or acquire a strategic partner or launch virtual services.

To download a copy of the full report go to: www.ihrsa.org/publications

INSIGHTS

POSITIVES

Three trends that leaders saw as having the most favourable outcome on how they operated their businesses were: the evolution of social media for engaging members, the emergence of millennials as a consumer force and the demand for mobile engagement from their members.

Three approaches leaders were most likely to have taken this past year to provide their businesses with a competitive advantage in the marketplace were: increasing digital marketing efforts, renovating their facilities and enhancing their digital presence through an upgraded website and/or mobile app.

NEGATIVES

Three trends leaders saw as having the most unfavourable impact on how they operated their businesses were the legal and political dynamics within the country, the growth of global fitness franchises and the evolution of digital middlemen in the sector, such as ClassPass.

Three approaches leaders were least likely to leverage in pursuit of a competitive advantage were merging/acquiring a strategic partner, repositioning their business to create new value proposition, and introducing a branded virtual platform to extend the 24/7 reach of their business.

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The power of social media and emergence of millennials as customers are seen as positives / PHOTO: SHUTTERSTOCK.COM
The power of social media and emergence of millennials as customers are seen as positives / PHOTO: SHUTTERSTOCK.COM
https://www.leisureopportunities.co.uk/images/imagesX/819627_316026.jpg
A new report from IHRSA shows that CEOs of European health clubs are extremely confident about the current economic and marketplace conditions for the industry... Kristen Walsh reports.
Kristen Walsh, IHRSA Florian Cartoux, IHRSA,IHRSA, European fitness industry, CEO confidence
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features

Research: IHRSA Europe CEO study - Report shows positive outlook for European fitness industry

IHRSA has released a new report giving insights into CEO confidence among its members. Kristen Walsh reports

By Kristen Walsh, IHRSA | Published in Health Club Management 2018 issue 11
Survey participants said finding great staff will be increasingly challenging
Survey participants said finding great staff will be increasingly challenging
CEOs are very confident about the current economic and marketplace conditions for the industry, as well as how those conditions impact their own club businesses - Florian Cartoux, IHRSA

The new 2018 IHRSA European CEO Study Report provides an outlook on the European health club industry from the perspective of CEOs from leading companies.

The report, based on a survey of more than 2,600 European facilities, features a European CEO conviction index, which serves as a barometer for the current and future business conditions affecting the club industry in Europe.

Overall, the CEO conviction index shows leaders are extremely confident about the current economic and marketplace conditions for the industry, as well as how those play out for their own business. A high level of confidence also exists for the future of the health club industry in Europe.

“CEO confidence in the health club industry is extremely high in Europe,” said Florian Cartoux, IHRSA director of Europe. “CEOs are very confident about the current economic and marketplace conditions for the industry, as well as how those conditions impact their own club businesses.”

Recruitment challenge
However, confidence in the employment environment signifies a potential challenge for the future. At a score of 77, the employment conviction index is nearly 10 points lower than the overall CEO conviction index. CEOs indicated that over the next three years, recruiting and retaining qualified staff would be a significant challenge.

The report also highlights positive and negative trends which are guiding decisionmaking among CEOs.

This section of the report shows that while the power of social media and the emergence of millennials as consumers are seen as positives, the growth of franchises and ‘middlemen’ such as Classpass are seen as a threat.

IHRSA members also said they would be unlikely to reposition their business, merge with or acquire a strategic partner or launch virtual services.

To download a copy of the full report go to: www.ihrsa.org/publications

INSIGHTS

POSITIVES

Three trends that leaders saw as having the most favourable outcome on how they operated their businesses were: the evolution of social media for engaging members, the emergence of millennials as a consumer force and the demand for mobile engagement from their members.

Three approaches leaders were most likely to have taken this past year to provide their businesses with a competitive advantage in the marketplace were: increasing digital marketing efforts, renovating their facilities and enhancing their digital presence through an upgraded website and/or mobile app.

NEGATIVES

Three trends leaders saw as having the most unfavourable impact on how they operated their businesses were the legal and political dynamics within the country, the growth of global fitness franchises and the evolution of digital middlemen in the sector, such as ClassPass.

Three approaches leaders were least likely to leverage in pursuit of a competitive advantage were merging/acquiring a strategic partner, repositioning their business to create new value proposition, and introducing a branded virtual platform to extend the 24/7 reach of their business.

Sign up here to get HCM's weekly ezine and every issue of HCM magazine free on digital.
The power of social media and emergence of millennials as customers are seen as positives / PHOTO: SHUTTERSTOCK.COM
The power of social media and emergence of millennials as customers are seen as positives / PHOTO: SHUTTERSTOCK.COM
https://www.leisureopportunities.co.uk/images/imagesX/819627_316026.jpg
A new report from IHRSA shows that CEOs of European health clubs are extremely confident about the current economic and marketplace conditions for the industry... Kristen Walsh reports.
Kristen Walsh, IHRSA Florian Cartoux, IHRSA,IHRSA, European fitness industry, CEO confidence
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Boxing-inspired fitness operator Rumble has signed a master franchise agreement in Australia, which could see ...
Latest News
Hotel giant Accor has launched a new bespoke, premium fitness service for its upmarket Pullman ...
Latest News
People should concentrate on exercise and staying fit – rather than dieting and weight loss ...
Latest News
Sibec Europe, scheduled to take place in Cologne, Germany, from 2 to 5 November 2021, ...
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Swim England has warned that 2,000 swimming pools could be lost forever unless the government ...
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Sports Minister, Nigel Huddleston, has joined gym-goers this morning to kick-off the annual National Fitness ...
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Featured supplier news: Active IQ Skills Hub helps fitness professionals boost skills in post-Covid market
Suffice to say that the pandemic has completely changed the way fitness professionals work and the way consumers work out – and therein lies opportunity.
Featured operator news
Featured operator news: Being active helps Parkwood Leisure customers save the NHS £16m
Parkwood Leisure, one of the UK’s leading public leisure facilities operators, helped prevent more than 7,000 cases of stroke, dementia, depression and type 2 diabetes in 2019, saving the NHS £16 million, a new social value report has shown.
Featured operator news
Featured operator news: Everyone Active generates £342m in social value
Award-winning leisure operator Everyone Active generated £342million in social value at its sites across the country in 2019/20.
Company profiles
Company profile: Keiser UK LTD
For more than four decades, Keiser has influenced the training of athletes, fitness enthusiasts and ...
Company profiles
Company profile: Pulse Fitness
With an award-winning portfolio of over 450 pieces of cutting-edge, premium fitness equipment, Pulse Fitness ...
Catalogue Gallery
Click on a catalogue to view it online
Directory
Hydrotherapy / spa fragrances
Kemitron GmbH: Hydrotherapy / spa fragrances
Spa software
SpaBooker: Spa software
Flooring
Total Vibration Solutions / TVS Sports Surfaces: Flooring
Independent service & maintenance
Servicesport UK Limited: Independent service & maintenance
Management software
Premier Software Solutions: Management software
Wearable technology solutions
MyZone: Wearable technology solutions
Salt therapy products
Himalayan Source: Salt therapy products
Red Light Therapy
 Red Light Rising: Red Light Therapy
Lockers/interior design
Fitlockers: Lockers/interior design
Skincare
Sothys: Skincare
Property & Tenders
Welwyn Garden City
Welwyn Hatfield Borough Council
Property & Tenders
Newport, Shropshire
Lilleshall Sports Academy
Property & Tenders
Diary dates
13-14 Oct 2021
Online,
Diary dates
01-03 Feb 2022
Coventry Building Society Arena, Coventry, United Kingdom
Diary dates
07-10 Apr 2022
Exhibition Centre , Cologne, Germany
Diary dates
15-16 Jun 2022
ExCeL London, London, United Kingdom
Diary dates
01-07 Dec 2022
tbc, Dunedin, New Zealand
Diary dates
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