Alan Maccharles

[Alfie Overacre]

Alongwith such growth opportunities come challenges. Real estate costs, limited rental availability, infrastructure underdevelopment, lack of professionalised services and increasing competition are just some of the realities club operators face when working in Asia-Pacific markets. However, a favorable economic outlook, along with increasing health awareness and demand for group exercise and personalised training are expected to spur expansion.

Tier 1: Australia and New Zealand

Market penetration rates

Australia 15.3 per cent

New Zealand 13.6 per cent

These are relatively established markets, with higher penetration rates than their neighbours. However, the mature and professionalised markets in these countries indicate limited growth potential; labor and real estate costs have also constrained growth here.

Tier 2: Hong Kong, Singapore, Japan and Taiwan

Market penetration rates

Hong Kong 5.85 per cent

Singapore 5.8 per cent

Japan 3.3 per cent

Taiwan 3.0 per cent

These locations belong to the fast-expanding and maturing second-tier markets. This segment features gradually professionalising services, expanding consumer bases, and high concentration of leading players.

With room for growth, already fierce competition is expected to continue in the future.

The remaining seven Asia Pacific markets assessed by Deloitte are still in a comparatively early stage in their lifecycle, as a result of slower economic development and low awareness of personal health as a priority.

The markets in second-tier (and under) cities are dominated by standalone players that are mostly lower-end single site, independently owned operators, due to infrastructure underdevelopment, low purchasing power and low awareness of personalised training.

Impact of Gym Contracts

Laws relating to the way gym contracts are configured have an impact on the way markets develop. For example, in New Zealand, up-front payment for a long-term membership is forbidden by law, while in Singapore, some clubs collect one- and two-year contracts up-front.

Tier 1: Australia and New Zealand

Market penetration rates

Australia 15.3 per cent

New Zealand 13.6 per cent

These are relatively established markets, with higher penetration rates than their neighbours. However, the mature and professionalised markets in these countries indicate limited growth potential; labor and real estate costs have also constrained growth here.

Tier 2: Hong Kong, Singapore, Japan and Taiwan

Market penetration rates

Hong Kong 5.85 per cent

Singapore 5.8 per cent

Japan 3.3 per cent

Taiwan 3.0 per cent

These locations belong to the fast-expanding and maturing second-tier markets. This segment features gradually professionalising services, expanding consumer bases, and high concentration of leading players.

With room for growth, already fierce competition is expected to continue in the future.

Impact of Gym Contracts

Laws relating to the way gym contracts are configured have an impact on the way markets develop. For example, in New Zealand, up-front payment for a long-term membership is forbidden by law, while in Singapore, some clubs collect one- and two-year contracts up-front.

The full report is available at a price of US$299 for IHRSA members and US$599 for non-members from ihrsa.org/publications. Contact

[email protected] with questions. Perfect Gym sponsored the report.

thinkScript

Unleash your own analysis with thinkScript. With the help of our condition wizard jumpstart tool or a little object-based coding knowledge, you can build your own order execution and strategic testing algorithms and see how your scenarios could play out.

Screeners and watchlists

Create a screener to help you find stocks that match your trading goals based on your own criteria, or choose a pre-defined screen to get you started. Then easily keep track of all the stocks you're interested in using watchlists.

Trade Flash

Be ready to strike the moment a trade-related event happens with Trade Flash. This gadget on thinkorswim displays third-party analyst up/downgrades, block trades, trade imbalances, trading floor events, and more.

Analyze

Put your concepts to the test with analysis techniques of many kinds, including simulations of "what-if" scenarios on both real and hypothetical trades, volatility and probability analyses, the Economic Data indicator database, and options back-testing.

Technical analysis

Pull from 400+ technical studies, including your basic support, resistance, candlestick, and profile charts. Plus, support your more advanced trading strategies with sophisticated charts, like Monkey Bars and Renko charts and up to 20 drawings with eight Fibonacci tools.

3a8082e126