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FITNESS, HEALTH, WELLNESS

features

Editor's Letter: Fighting for market share

Our industry has never been more in demand and it’s turning into a honey pot, which is attracting investment in services that compete with health clubs. How can we ensure our businesses and operations continue to compete?

By Liz Terry, Leisure Media | Published in Health Club Management 2017 issue 5
Members will pay to get one-to-one, customised advice / PHOTO:SHUTTERSTOCK.COM
Members will pay to get one-to-one, customised advice / PHOTO:SHUTTERSTOCK.COM
Members want access to expertise and to be able to use state-of-the-art equipment designed in light of the latest research into exercise science

H ealth and fitness is one of the fastest growing industry sectors in the world and as affluence increases, so do people’s ambitions to lead healthier and more energetic lives that are based on exercise and wellbeing.

The growing financial value of our market is constantly sucking in new competition, and with startups getting funding to tackle every possible aspect of the sector – from apps to AI and boutique studios to DNA testing – competition for the health-conscious consumer has never been more fierce or diverse.

Although many consumers assemble a healthy lifestyle with multiple memberships and supports – one or more gym memberships, the use of apps and additional specialist classes, for example – major new market types are emerging, and some of them, such as the home gym market, are going head to head with health clubs for consumer spend.

So how can we fight for market share and continue to carve out a place for the health club at the centre of consumers’ fitness universe?

I believe it’s time we switched our thinking from a focus on facilities to a focus on expertise and the provision of specialist equipment. If we’re to continue to thrive, we have to be offering customers a range of things they need (and desire) that they can’t get anywhere else.

We do have some aces up our sleeve, such as the social contact that members get at the gym, but for every member who enjoys this aspect of their club, there’ll be others who prefer to exercise in the comfort and convenience of their own home, so although the social scene can be a powerful motivator for loyalty, it isn’t a universal solution that presses everyone’s button. We need to do more.

Some industry trends could also undermine the success of our clubs if not mindfully implemented. One example – the move to virtual – is a powerful thing and when used well, can be a real asset to a club, but if the club’s own instructors are significantly weaker than those being offered by the virtual system, and that same option is available at home, there’s a danger that some members will stay there and bank their cash instead.

Similarly, if we only kit out our gyms with simple functional equipment that can be straightforwardly acquired for use at home, then members will start to question why they’re paying their monthly dues.

It’s clear that virtual and functional have a valuable part to play in today’s gym environment, however, the challenge is to integrate them effectively, balancing the offer to ensure we continue to create desire.

We need to remember that the expertise of our staff is a massive strength and that if we invest in great people and encourage them to build strong relationships with members, this will drive success and loyalty and give us an unassailable USP with which to battle for business.

If our staff are knowledgeable, motivating and working at the highest levels, then members will pay for access to this and value it as being complementary to all the other parts of their personal world of wellbeing.

In the 35 years I’ve been writing about this business, I’ve argued many times that owners in the health and fitness industry need to view staff as their most important asset. Yet today, we still have too many people on minimum wage, with no career prospects and a lack of support when it comes to building the skills and confidence they need to interact with members and advise them in ways they will find valuable.

People want access to expertise and many have no idea where to find it – they want to know how to get fit, how to rehabilitate and train after an injury or surgery – some just need to be taught how to run properly on a treadmill – and they’re prepared to pay for it.

By failing to fully engage with our members, we’re missing a huge opportunity to develop a valuable USP and set ourselves up to stand our ground in the face of the huge onslaught of competition that is coming our way. The time to act on this is now.

Liz Terry, editorial director

Sign up here to get HCM's weekly ezine and every issue of HCM magazine free on digital.
Van Tullekan says the prescription of exercise is far more effective than drugs for many patients
Van Tullekan says the prescription of exercise is far more effective than drugs for many patients
https://www.leisureopportunities.co.uk/images/427722_353874.jpg
Competition for the fitness consumer has never been fiercer. Liz Terry argues that in order to thrive we must focus on customer engagement and providing expertise
Liz Terry, editorial director, Leisure Media,Liz Terry, fitness consumer, health clubs, Market share, investment
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features

Editor's Letter: Fighting for market share

Our industry has never been more in demand and it’s turning into a honey pot, which is attracting investment in services that compete with health clubs. How can we ensure our businesses and operations continue to compete?

By Liz Terry, Leisure Media | Published in Health Club Management 2017 issue 5
Members will pay to get one-to-one, customised advice / PHOTO:SHUTTERSTOCK.COM
Members will pay to get one-to-one, customised advice / PHOTO:SHUTTERSTOCK.COM
Members want access to expertise and to be able to use state-of-the-art equipment designed in light of the latest research into exercise science

H ealth and fitness is one of the fastest growing industry sectors in the world and as affluence increases, so do people’s ambitions to lead healthier and more energetic lives that are based on exercise and wellbeing.

The growing financial value of our market is constantly sucking in new competition, and with startups getting funding to tackle every possible aspect of the sector – from apps to AI and boutique studios to DNA testing – competition for the health-conscious consumer has never been more fierce or diverse.

Although many consumers assemble a healthy lifestyle with multiple memberships and supports – one or more gym memberships, the use of apps and additional specialist classes, for example – major new market types are emerging, and some of them, such as the home gym market, are going head to head with health clubs for consumer spend.

So how can we fight for market share and continue to carve out a place for the health club at the centre of consumers’ fitness universe?

I believe it’s time we switched our thinking from a focus on facilities to a focus on expertise and the provision of specialist equipment. If we’re to continue to thrive, we have to be offering customers a range of things they need (and desire) that they can’t get anywhere else.

We do have some aces up our sleeve, such as the social contact that members get at the gym, but for every member who enjoys this aspect of their club, there’ll be others who prefer to exercise in the comfort and convenience of their own home, so although the social scene can be a powerful motivator for loyalty, it isn’t a universal solution that presses everyone’s button. We need to do more.

Some industry trends could also undermine the success of our clubs if not mindfully implemented. One example – the move to virtual – is a powerful thing and when used well, can be a real asset to a club, but if the club’s own instructors are significantly weaker than those being offered by the virtual system, and that same option is available at home, there’s a danger that some members will stay there and bank their cash instead.

Similarly, if we only kit out our gyms with simple functional equipment that can be straightforwardly acquired for use at home, then members will start to question why they’re paying their monthly dues.

It’s clear that virtual and functional have a valuable part to play in today’s gym environment, however, the challenge is to integrate them effectively, balancing the offer to ensure we continue to create desire.

We need to remember that the expertise of our staff is a massive strength and that if we invest in great people and encourage them to build strong relationships with members, this will drive success and loyalty and give us an unassailable USP with which to battle for business.

If our staff are knowledgeable, motivating and working at the highest levels, then members will pay for access to this and value it as being complementary to all the other parts of their personal world of wellbeing.

In the 35 years I’ve been writing about this business, I’ve argued many times that owners in the health and fitness industry need to view staff as their most important asset. Yet today, we still have too many people on minimum wage, with no career prospects and a lack of support when it comes to building the skills and confidence they need to interact with members and advise them in ways they will find valuable.

People want access to expertise and many have no idea where to find it – they want to know how to get fit, how to rehabilitate and train after an injury or surgery – some just need to be taught how to run properly on a treadmill – and they’re prepared to pay for it.

By failing to fully engage with our members, we’re missing a huge opportunity to develop a valuable USP and set ourselves up to stand our ground in the face of the huge onslaught of competition that is coming our way. The time to act on this is now.

Liz Terry, editorial director

Sign up here to get HCM's weekly ezine and every issue of HCM magazine free on digital.
Van Tullekan says the prescription of exercise is far more effective than drugs for many patients
Van Tullekan says the prescription of exercise is far more effective than drugs for many patients
https://www.leisureopportunities.co.uk/images/427722_353874.jpg
Competition for the fitness consumer has never been fiercer. Liz Terry argues that in order to thrive we must focus on customer engagement and providing expertise
Liz Terry, editorial director, Leisure Media,Liz Terry, fitness consumer, health clubs, Market share, investment
Latest News
Short-term incentives to exercise, such as using daily reminders, rewards or games, can lead to ...
Latest News
With the launch of its 49th John Reed, RSG Group is looking for more opportunities ...
Latest News
PureGym saw revenues rise by 15 per cent in 2023, with the company announcing plans ...
Latest News
Following three disrupted lockdown years, the European fitness market bounced back in 2023, according to ...
Latest News
Charitable trust, Mytime Active, has removed all single-use plastic overshoes from its swimming pools and ...
Latest News
Community Leisure UK is helping the drive to Net Zero with the launch of a ...
Latest News
Operator Circadian Trust has launched a five-year growth drive designed to support health and wellbeing ...
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Norwegian health club operator, Treningshelse Holding, which owns the Aktiv365 and Family Sports Club fitness ...
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Experience the pinnacle of fitness and luxury at the premier industry event, Sibec EMEA, set against the breathtaking backdrop of the Fairmont Monte Carlo this Autumn.
Featured supplier news
Featured supplier news: Study Active acquires Premier Global name and select branding assets
Study Active has legally acquired the name “Premier Global” and select Premier Global branding assets from Assessment Technologies Institute LLC, part of Ascend Learning in the US.
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Company profile: Inspace Fitness
Inspace Fitness is an exciting, fast growing, fitness equipment, gym design and equipment service supplier ...
Company profiles
Company profile: PSLT Ltd
PSLT Fitness Solutions manufacture, remanufacture and buy back commercial gym equipment. We supply and maintain ...
Supplier Showcase
Supplier showcase - Jon Williams
Catalogue Gallery
Click on a catalogue to view it online
Featured press releases
FIBO press release: FIBO 2024: Billion-euro fitness market continues to grow
11 to 14 April saw the fitness industry impressively demonstrate just how innovative it is in fulfilling its responsibility for a healthy society at FIBO in Cologne. Over 1,000 exhibitors and partners generated boundless enthusiasm among 129,668 visitors from 114 countries.
Featured press releases
Technogym press release: DESIGN TO MOVE exhibition celebrates 40 years of Technogym with 40 unique creations by 40 designers
At 2024 Milan Design Week, Technogym celebrated its 40 years with the special exhibition "Design to Move”, featuring 40 unique Technogym Benches – one of the brand's iconic products – designed by 40 different international designers and artists from all over the world.
Directory
salt therapy products
Saltability: salt therapy products
Lockers
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Cryotherapy
Art of Cryo: Cryotherapy
Spa software
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Snowroom
TechnoAlpin SpA: Snowroom
Flooring
Total Vibration Solutions / TVS Sports Surfaces: Flooring
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Loughton, IG10
Knight Frank
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Grantham, Leicestershire
Belvoir Castle
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Diary dates
10-12 May 2024
China Import & Export Fair Complex, Guangzhou, China
Diary dates
23-24 May 2024
Large Hall of the Chamber of Commerce (Erbprinzenpalais), Wiesbaden, Germany
Diary dates
30 May - 02 Jun 2024
Rimini Exhibition Center, Rimini, Italy
Diary dates
08-08 Jun 2024
Worldwide, Various,
Diary dates
11-13 Jun 2024
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Diary dates
12-13 Jun 2024
ExCeL London, London, United Kingdom
Diary dates
03-05 Sep 2024
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Diary dates
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Diary dates
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Diary dates
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Diary dates
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Diary dates
04-07 Nov 2024
In person, St Andrews, United Kingdom
Diary dates
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