The major players in the industry either have the cash or are more able to get the credit to grow their companies. The result could mean industry consolidation, likely driven by only those major players....More
The consolidation talk currently making news in the health club industry is not reserved for the for-profit club market. Nonprofit fitness and recreation facilities also are looking at merger possibilities, as well as partnerships with other organizations and businesses....More
Life Time Fitness increased revenue by 11.1 percent in second quarter 2011 and is expected to hit $1 billion in revenue by the end of this year....More
In an industry where big-name companies own hundreds of clubs across the country, generate millions of dollars in revenue and offer low-cost memberships, some small health club owners have discovered offering something different may be the best way to thrive....More
Although charging members additional fees may result in a substantial sum, Thomas Kulp challenges the notion that enhancement fees are the answer to increase revenue....More
A special combination of managerial beliefs, practices and tools that focus on building a healthy organizational culture that drives performance, efficiency, effectiveness and morale can set a facility apart from its competitiors....More
Designing or redesigning a club is not just about choosing the right colors, tile and furnishings. Decorating must be an integral part of the design of a club for it to be successful....More
One of the best ways to improve your peripheral sales is to hire service providers who already have a knack for selling. Although it may sound too good to be true, those people are out there, and they want to work for you....More
