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Diary Highlights
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15 Oct 2019
GWI report: global physical activity sector worth US$828bn
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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27 Mar 2024
Thailand's first lady attends APSWC Awards ceremony recognising industry excellence
The Asia Pacific Spa & Wellness Coalition (APSWC) recently marked another year of industry
achievement with a prestigious awards ceremony held during the 2024 APSWC Round Table
event in Bangkok, Thailand.
08 Mar 2024
Global Wellness Day 2024 to champion reconnecting with nature
Global Wellness Day (GWD) is set to mark its 13th annual celebration on 8 June 2024, under
the theme #MagentaNature, emphasising the vital connection between humanity and the
natural world.
04 Mar 2024
SHA Wellness receives top accolade at 2024 World Spa and Wellness Awards
Eight of the world’s leading spa operations were honoured at the annual World Spa and
Wellness Awards during a glamorous ceremony held in London over the weekend.
01 Mar 2024
Second edition of UK Aufguss Championships set to heat up Galgorm Resort
The ancient art of aufguss will be celebrated this April with the Second UK Aufguss
Championships at destination spa and hotel Galgorm Resort in Northern Ireland.
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06 Feb 2024
Canyon Ranch announces Enchant at The Ranch wellness festival
Destination wellness brand Canyon Ranch will host the first edition of its beauty and wellness
festival, called Enchant at Canyon Ranch, from 17 to 21 March at its Tucson resort and spa in
Arizona.
10 Jan 2024
Spas of America unveils Top 100 Spas of 2023, Spa at Séc-he lands first place
Spa and wellness travel website Spas of America has unveiled its Top 100 Spas of 2023, with
The Spa at Séc-he in downtown Palm Springs, California, taking the top spot.
20 Dec 2023
We Work Well unveils 2024 event schedule for fitness, wellness and hospitality industries
International hosted buyer event company We Work Well (WWW) has confirmed dates and
locations for its 2024 conference calendar.
11 Dec 2023
First Wellness Hospitality Conference attracts 500 attendees to Milan – dates revealed for 2024 event
The first edition of the Wellness Hospitality Conference (WHC), co-organised by Teamwork
Hospitality and InSpaTime, was recently hosted at the NH Hotel in Milan and attracted more
than 500 delegates.
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