Influencing factors on fitness industry growth
- Recession: has caused consumers who found large, all-inclusive gyms too expensive to shift to smaller gyms with fewer ammenities; helping to sustain industry revenues.
- Health consiousness increase: an increase in obesity and heart diseases has caused for consumers to consider fitness a necessity rather than discretionary.
- New fitness trends: meditation exercises such as Yoga and Tai-chi have been in fashion for several years now, motivating gyms to have a greater variety of classes.
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