23-25 Apr 2024
Phoenix Convention Center,
Phoenix,
United States
|
28-30 Apr 2024
Radisson Blu Hotel,
Glasgow,
|
08-08 May 2024
Hotel Melià ,
Milano ,
Italy
|
10-12 May 2024
China Import & Export Fair Complex,
Guangzhou,
China
|
13-16 May 2024
Conrad Chia Laguna Sardinia ,
Italy
|
14 May 2024
JPMorgan Chase Headquarters,
New York City,
United States
|
18-22 May 2024
The Ravenala Attitude Hotel,
Mauritius
|
23-24 May 2024
Large Hall of the Chamber of Commerce (Erbprinzenpalais),
Wiesbaden,
Germany
|
|
|
|
Mindbody unveils Mindbody Capital to help power wellness industry's recovery |
|
By Megan Whitby 13 Apr 2022 |
Businesses that participate in Mindbody Capital receive non-recourse financing with a one-time capital fee Credit: Shutterstock/hedgehog94
|
Industry tech business Mindbody has launched Mindbody Capital, an offering designed to provide wellness businesses with easy access to funding.
"As we watched our industry overcome the pandemic, Mindbody dedicated our resources to support our customers with fee relief, advocacy efforts and enhanced educational resources. We knew we could do even more to help our customers recover and accelerate their growth as we exit the pandemic," said Josh McCarter, CEO of Mindbody and ClassPass.
"Almost a third of Mindbody customers plan to expand their business into more locations in the next 12 months. Supporting these businesses in funding their growth is just one of the many ways Mindbody Capital can help the wellness industry rebuild."
Mindbody statistics show the wellness industry is not only rebounding but expanding.
Data from ClassPass, part of the Mindbody portfolio, reveals that in-person reservations are up 27 percent since December 2021.
Additionally, February 2022 saw the most ClassPass reservations since February 2020. Looking to the future, 55 per cent of Mindbody fitness customers estimate that attendance will be back to 100 per cent of pre-pandemic levels by December 2022.
Now, Mindbody customers can take advantage of Mindbody Capital – powered by fintech solutions company Parafin – directly through the Mindbody software.
Businesses that participate in Mindbody Capital receive non-recourse financing with a one-time capital fee.
Additionally, funding provided through Mindbody Capital is paid back based on a flat percentage of future sales with no minimum payments.
"When I had the idea to found Yoga London, I knew one of my largest barriers would be funding the operation while I introduced the concept to my community,” said Favad Malik, founder of Yoga London.
“I chose to fund my business through Mindbody Capital because of its ease, accessibility and efficiency. Rather than a lengthy process required by traditional funding options, Mindbody Capital presented me with a reliable, pre-approved offer that could be funded as soon as the next day.
"This access to capital has been game-changing in helping my business thrive through the ability to expand as needed, run day-to-day operations and deploy creative strategies."
|
|
News |
1 to 12 of 8703 news stories |
|
|
24 Apr 2024
The US spa industry is continuing its upward trajectory, achieving an unprecedented milestone with a record-breaking revenue of US$21.3 billion in 2023, surpassing the previous high of US$20.1 billion in 2022. This data stems from ... More
|
|
|
|
24 Apr 2024
Short-term incentives to exercise, such as using daily reminders, rewards or games, can lead to sustained increases in activity, according to new research. Researchers found that even a simple daily reminder encouraged people to move ... More
|
|
|
|
24 Apr 2024
Spa and wellness veteran Shannon Malave has been named spa director at iconic US spa destination Mohonk Mountain House. Based in New York’s verdant Hudson Valley and founded in 1869, Mohonk is a historic Victorian ... More
|
|
|
|
23 Apr 2024
Six Senses Kyoto opens its doors today, marking the eco-luxury hotel and spa operator’s entry into Japan and a new addition to its urban collection. Situated in the historic Higashiyama district, the 81-key hotel is ... More
|
|
|
|
23 Apr 2024
The UAE’s first-ever Dior Spa has officially launched at The Lana, Dubai – the Dorchester Collection’s debut property in the Middle East. Bathed in natural daylight on the hotel’s 29th floor, Dior Spa The Lana ... More
|
|
|
|
22 Apr 2024
The Sacred River Spa at Four Seasons Resort Bali at Sayan will reopen later this year with an all-new design plus enhanced treatments and experiences inspired by its river valley home. Nestled amid rich tropical ... More
|
|
|
|
18 Apr 2024
The Global Wellness Institute (GWI) has released new data on the US’ wellness economy, valuing it at US$1.8 trillion. According to the organisation's recent report – called The Global Wellness Economy: United States – the ... More
|
|
|
|
19 Apr 2024
UK sauna enthusiasts will converge at Galgorm Resort in Northern Ireland next week for the highly anticipated second annual UK Aufguss Championships. Hosted from 22-24, the event will see competitors from across the UK showcasing ... More
|
|
|
|
17 Apr 2024
Remedy Place, a US-based social wellness club brand, is poised for steady expansion in the coming years, with plans to open two new clubs annually moving forward Remedy Place is the brainchild of Dr Jonathan ... More
|
|
|
|
16 Apr 2024
Swiss longevity brand Clinique La Prairie (CLP) has inked a deal with Montara Hospitality Group to operate a resort at Tri Vananda – a purpose-built wellness community in Phuket, Thailand. Tri Vananda, envisioned as a ... More
|
|
|
|
15 Apr 2024
Six Senses has announced the grand opening of its first-ever property and spa in the Caribbean, called Six Senses La Sagesse. With a picturesque beachfront setting and surrounded by verdant hills, Six Senses La Sagesse ... More
|
|
|
|
12 Apr 2024
A brand new desert hot springs oasis, called Zion Canyon Hot Springs, is set to open in Southern Utah in Q3 of 2025. Situated 30 minutes from the majestic Zion National Park, the US$60 million ... More
|
|
|
|
|
Vinésime |
Vinésime is a skincare brand that creates its own active ingredients from selected vineyards in the
[more] |
|
|
|
|