Boutique Gyms Inch Back With Fewer Customers, Strict Safety Systems

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Sourced from Bloomberg

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A recent Bloomberg article entitled “Boutique Gyms Inch Back with Fewer Customers, Strict Safety Systems” denotes the importance of reopening protocols for gyms and studios nationwide, even as standards vary state by state: beyond increased disinfecting and social distancing protocols, there isn’t a one-size-fits-all approach. According to the piece, “Getting the reopenings right will be crucial for the fitness industry’s survival. It’s been hit especially hard by coronavirus shutdowns and has experienced a swell of bankruptcies with more than $10 billion of revenue wiped out, according to investment bank Harrison Co. In a survey of 1,000 fitness club users, more than a third said they have canceled, or plan to terminate, existing memberships. WinterGreen Research estimates that the fitness and health club industry could shrink to $45 billion this year, down from $85 billion in 2019.”

 

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