INDUSTR
Y RESEARCH
United we stand: Companies such as David Lloyd Leisure are expanding following mergers
mERgERS AND ACqUISITIoNS (see figure 1, above left) are more pessimistic than the
At the same time, the wave of mergers and acquisitions Treasury’s expectations. However, in the UK, the erosion
aimed at consolidating profits and establishing economic of the pound compared to the euro seems set to stop.
synergies will continue. Many companies, such as David Last year we predicted a long-term value of £1 to €1.1
Lloyd Leisure, are expanding following mergers and buyouts. (Leisure Forecasts 2008–2012). This happened much faster
Merging opportunities have also extended into the than expected, fuelled by low interest rates, additional
arena of fitness training providers: Premier Training borrowing and the UK’s current account deficit.
International and Performance Training Solutions (PTS) Despite the current recession, in 2010 the health and
merged in January 2009, making the latter a subsidiary of fitness market will grow by 1.5 per cent in real terms,
Premier Global. PTS has the exclusive licence to deliver reaching £2.3bn in value. This is reinforced by the evidence
NASM education in the UK and EU. of consumer behaviour in previous recessions, where
people maintained their participation – albeit at the
fUTURE TRENDS expense of expenditure in other sectors.
The Sport Industry Research Centre predicted a 3.2 During the period 2009 to 2013, the market will
per cent decline in real GDP (ie at constant prices) for the increase by 8 per cent in real terms, reaching £2.6bn
year 2009, and our forecasts for 2010 are for a marginal in value. The London Olympic Games are expected to
increase of 0.65 per cent. Our long-term forecasts boost and stabilise the market.
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