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Leading Clubs Report Growth in Third Quarter

Published Wednesday, February 06, 2008

BOSTON -- For 18 mid-size club companies, the third quarter of 2007 was a time of financial growth, according to a survey of health and sports club companies conducted by Industry Insights for the International Health, Racquet & Sportsclub Association (IHRSA). The companies collectively grew their revenue an average of 18.1 percent to $16.6 million in revenue for the third quarter. The 18 companies represent 194 facilities, or an average of 11 clubs per company. The companies also reported improved same-store revenue for clubs that have been in operation for at least two years. The same-store revenue increased ...

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