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GWI report: global physical activity sector worth US$828bn
By Tom Walker 15 Oct 2019
Among the report's findings is that the global fitness industry is now worth US$109bn (€99bn, £86bn)
The physical activity economy is now a US$828bn (€752bn, £655bn) market – and its value is expected to grow further to US$1.1tn (€1tn, £870bn) by 2023.

The figure comes from a large-scale economic study by The Global Wellness Institute (GWI), published on 15 October.

In the report, called Move to be Well: The Global Economy of Physical Activity, the physical activity economy is described as incorporating fitness, sports, active recreation, equipment, apparel/footwear, technology and mindfulness activities.

Among its findings is that the global fitness industry is now worth US$109bn (€99bn, £86bn) – and that the sector continues to be "fast and furious" in its growth.

The growth is attributed partly to the fitness sector's innovation and its ability to devise new approaches. The report lists the likes of HIIT and CrossFit as "recent additions" to the sector's offer.

Another finding is that the average "global participant" spends US$384 (€349, £304) yearly on fitness and gyms.

"Health clubs and gyms have experienced tremendous global expansion over the last decade, with over 50 per cent growth in revenues from 2007-2018," the report reads.

"In 2017, GWI estimated that the fitness and mind-body sector was worth US$595bn."

The report values the other segments of the physical activity sector as follows:

• Sports and active recreation US$230bn
• Apparel/footwear US$333bn
• Equipment and supplies US$109bn
• Mindfulness activities (yoga, tai chi) US$29bn
• Technology US$26bn

When it comes to average spend on physical activity by person, North America (US$1,345) and Europe (US$528) lead the way, followed by the Middle East and North Africa (US$181) and Asia Pacific (US$171).

Other findings include that, globally, the top twenty markets account for 86 per cent of all physical activity spending.

Not all of the spend, however, is on getting physically active.

"In many large markets, spending on apparel and shoe purchases can greatly exceed spending on actual physical activity participation, such as in the United States, France, Brazil, India, and South Africa," the report states.

"In other countries, such as South Korea, Australia, and the Netherlands, the opposite is the case.

"The rate of participation in recreational physical activities varies widely among the top markets, ranging from a high of 84 per cent in Australia and Taiwan to a low of 15 per cent in India."

• To download and read the full report, click here.


News
1 to 12 of 7161 news stories
20 Nov 2019
Industry veteran Deborah Szekely has reached out for donations to support the community of Tecate in Baja California, Mexico – the nearest settlement to wellness destination, Rancho La Puerta – following wildfires which claimed four ... More
19 Nov 2019
A multi-dimensional digital immersive spa experience, created by Luxury Escapism, has opened in Brooklyn, US. Guests can sample over 10 relaxation stations including the Fuzzidarium – an immersive room, designed to remind participants of a ... More
19 Nov 2019
CIDESCO International, the beauty education body, has announced it will open a training salon at its head office in Zurich, Switzerland in 2020. The 30sq m salon will be used predominately for training but will ... More
18 Nov 2019
Chiva-Som International Health Resort in Hua Hin, Thailand, has completed a THB800million (US$24m, €21m, £19m) renovation project, which has seen resort accommodation, facilities and public areas redesigned, after five years. The renovation has been completed ... More
19 Nov 2019
The Majestic Hotel in the historic thermal spa town Harrogate, UK, has a new £15m (US$19m, €18m) spa following an overhaul of the entire property. The hotel, which operates as a DoubleTree by Hilton, was ... More
18 Nov 2019
Rosewood Hotels and Resorts has launched its Asaya wellness destination concept in the 27-storey Rosewood Hong Kong hotel, designed by New York architect Tony Chi. The 3,716sq m space spans two floors and includes private ... More
15 Nov 2019
Biologique Recherche plans to expand its global reach as part of a "new phase for the business". The French skincare brand’s current owners and co-presidents – Pierre-Louis Delapalme, Rupert Schmid and Phillipe Allouche (son of ... More
15 Nov 2019
The celebrated Chiva-Som International Health Resort in Hua Hin, Thailand, has reopened after the most recent phase of a five-year renovation that has seen accommodation and facilities upgraded, with a new Qatar presence also announced. ... More
15 Nov 2019
The University of Derby, UK is axing its Spa Management degree as of 2022. The University is yet to confirm the reason, but the UK Spa Association (UKSPA) has attributed it to reduced demand for ... More
15 Nov 2019
Mia Kyricos, senior vice president and global head of wellbeing for Hyatt, has received a second award in as many months recognising her contributions to the field of wellness and hospitality. Kyricos was named as ... More
15 Nov 2019
Mandarin Oriental hotel group’s Silent Night programme will take place this year on the 11 December. All Mandarin Oriental spas will offer their normal treatment menu until 5.00pm, after which time there will be no ... More
14 Nov 2019
Green Spa Network (GSN) has announced its upcoming Self-care and Personal Sustainability Summit, which will take place from 1-3 December 2020, at Kripalu Center for Yoga and Health, Massachusetts, US. The workshop is designed to ... More
     
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NEWS
GWI report: global physical activity sector worth US$828bn
POSTED 15 Oct 2019 . BY Tom Walker
Among the report's findings is that the global fitness industry is now worth US$109bn (€99bn, £86bn)
The physical activity economy is now a US$828bn (€752bn, £655bn) market – and its value is expected to grow further to US$1.1tn (€1tn, £870bn) by 2023.

The figure comes from a large-scale economic study by The Global Wellness Institute (GWI), published on 15 October.

In the report, called Move to be Well: The Global Economy of Physical Activity, the physical activity economy is described as incorporating fitness, sports, active recreation, equipment, apparel/footwear, technology and mindfulness activities.

Among its findings is that the global fitness industry is now worth US$109bn (€99bn, £86bn) – and that the sector continues to be "fast and furious" in its growth.

The growth is attributed partly to the fitness sector's innovation and its ability to devise new approaches. The report lists the likes of HIIT and CrossFit as "recent additions" to the sector's offer.

Another finding is that the average "global participant" spends US$384 (€349, £304) yearly on fitness and gyms.

"Health clubs and gyms have experienced tremendous global expansion over the last decade, with over 50 per cent growth in revenues from 2007-2018," the report reads.

"In 2017, GWI estimated that the fitness and mind-body sector was worth US$595bn."

The report values the other segments of the physical activity sector as follows:

• Sports and active recreation US$230bn
• Apparel/footwear US$333bn
• Equipment and supplies US$109bn
• Mindfulness activities (yoga, tai chi) US$29bn
• Technology US$26bn

When it comes to average spend on physical activity by person, North America (US$1,345) and Europe (US$528) lead the way, followed by the Middle East and North Africa (US$181) and Asia Pacific (US$171).

Other findings include that, globally, the top twenty markets account for 86 per cent of all physical activity spending.

Not all of the spend, however, is on getting physically active.

"In many large markets, spending on apparel and shoe purchases can greatly exceed spending on actual physical activity participation, such as in the United States, France, Brazil, India, and South Africa," the report states.

"In other countries, such as South Korea, Australia, and the Netherlands, the opposite is the case.

"The rate of participation in recreational physical activities varies widely among the top markets, ranging from a high of 84 per cent in Australia and Taiwan to a low of 15 per cent in India."

• To download and read the full report, click here.
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