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.
Health Club News
Fitness Industry Fights for Inclusion in Third Federal Stimulus Package Related to the Coronavirus
Congress has passed two stimulus packages. As a third package is put together, IHRSA lobbies for it to include the fitness industry.
Some Studio Owners Find Revenue In Equipment Rentals During COVID-19 Shutdown
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.
SBA To Provide Small Businesses Impacted by Coronavirus (COVID-19) Up to $2 Million in Disaster Assistance Loans
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.
How To Protect Yourself And Others From COVID-19 (And What to Do If You Are Sick)
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.
How to Protect Your Members and Your Fitness Business During The Coronavirus Pandemic
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.
Prepare Your Business For 2020 And Beyond With These Fitness Trends Insights
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.
Gold’s Gym Sells 24 DC-Area Corporate-Owned Clubs To Former Gold’s Gym Executives
Gold’s Gym International, Dallas, has sold 24 of its corporate-owned facilities in the Washington, D.C., area to former Gold’s Gym International executives, the company announced.
1 In 5 Americans Belonged To A Health Club In 2019, IHRSA Reports
Slightly more than one in five Americans—64.2 million consumers—belonged to a health club in 2019, according to new data released by the International Health, Racquet & Sportsclub Association (IHRSA) and Physical Activity Council (PAC).
A Decade of Growth: Health Club Membership Reaches 64.2M Americans
U.S. health club membership is up by 28% since 2010, according to a study conducted by IHRSA as part of the Physical Activity Council.
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