How is the fitness industry affected by a recession?
According to the International Health Racquet & Sportsclub Association (IRHSA), the growth in the number of health clubs provides even more evidence of the industry’s ability to resist economic recession. *During the last period of economic recession in the U.S., consumer demand for health clubs remained steady. Between 1989 and 1992, the number of health club members remained at 21 million and thus far in 2002, evidence indicates that Americans continue to join health clubs. *”What is particularly encouraging is that the number of clubs continued to grow even as the county’s economy slowed,” said John McCarthy, executive Director of IHRSA.
