Amongst the rapid-growing industry of health and wellness and the increasingly uncertain retail real estate sector, Mark Thiel has identified a unique and rewarding niche market.
Health Club News
"Exercise remains a central factor in healthy living, and regular physical activity has profound effects on the immune system, among other important health markers."
Health clubs and industry suppliers are coming together to help people stay active during the coronavirus crisis.
The coronavirus has caused an enormous amount of uncertainty for individuals all around the world. With schools closing, sports suspended, people required (or urged) to stay at home, businesses are taking a drastic hit.
As the new coronavirus (COVID-19) broke free from China, the prospects of increased economic risks drove Wall Street into a flight to safety. Over the course of the following three weeks, the S&P 500 index fell 30 percent and pushed the 10-year Treasury to a record low, briefly touching 0.42 percent on March 9. Since bouncing from that intraday low, the Treasury rate has been on an upward trajectory.
Congress has passed two stimulus packages. As a third package is put together, IHRSA lobbies for it to include the fitness industry.
Equipment rental programs are one way some studio operators are extending the member experience beyond the walls of their retail space while generating revenue and maintaining connections during the crisis.
WASHINGTON – SBA Administrator Jovita Carranza issued a statement regarding the Disaster Assistance Loans. Click the link to see the full statement along with information regarding the process of accessing SBA's coronavirus disaster relief lending.
Check out the CDC website for tips on protecting yourself and others, and for answers to what you should do if you are having symptoms.
Many industries are feeling the effects of the coronavirus, even the fitness industry, whose health clubs revolve around sweat and tight-knit communities. The good news about the virus—despite its new pandemic label—is that it can be suppressed and controlled unlike any disease before it, WHO Director-General Tedros Adhanom Ghebreyesus said in a March 11 statement.
It is little surprise that Stephen Tharrett's recent presentation on current and future fitness trends has already become one of Club Industry's most-ever-viewed Master Class webinars.