The Future Looks Bright O
BY STEVE AYERS
ver the past few years, there has been a renewed crusade for better health. This has led to a slight uptick in the
growth of the health and fitness sec- tor. Even though the projected growth rate is somewhat minor, I expect 2 to 5 percent growth year-over-year for the next three to five years. Some of this growth will be related to: a young- er member base, shifting from Baby Boomers to Millennials; a greater lev- el of disposal income; an advertising and medical focus on wellness; and an increasing number of younger chil- dren involved in local and club sports. There have also been many more gym and fitness options available for consumers over the last three to five years. Some of those options include low-cost/high-volume, low-cost/high- value, spas, studios, and more which are being developed daily. I feel that
What big plans does your organization have for 2017? ABC is always excited about events where we can interact with our existing and potential customers. Two of my favourite events are IHRSA and the REX Roundtables where people have the opportunity to meet with leading club owners from around the world.
over the next five years, the fitness in- dustry will begin to gain back some of the traction it had 10-15 years ago. FBC
Steve Ayers chief revenue officer ABC Financial
An increasing number of younger children involved in local and club sports will contribute to an expected annual 2 to 5 percent growth for the next three to five years.
January/February 2017 Fitness Business Canada 25
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