FIT Report – OCT 2022

The latest updates and news stories happening in the fitness and wellness industry in the Asia-Pacific region.

This month’s vlog was shot at Jetts @ The ParQ in Bangkok, Thailand. Many thanks to the Jetts team for their support and hospitality.

READ THIS MONTH’S HEADLINES

  • WHO highlights high cost of physical inactivity in first-ever global report. Almost 500 million people will develop heart disease, obesity, diabetes attributable to physical inactivity, between 2020 and 2030, costing US$27Bn annually, if governments don’t take urgent action to encourage more physical activity among their populations
  • PureGym announces plans for expansion across the Middle East and North Africa. It will open over 20 gyms across the UAE, with the first three gyms set to open in Dubai later this year.
  • Floyd Mayweather’s fitness franchise continues its strong franchise expansion as it acquired KickHouse Fitness, a leading kickboxing franchise system.
  • Princess Cruises signs its first fitness deal with Xponential Fitness – gives access to digital classes on board.
  • The Thai government has just approved 5BN THB ($131M) to further enhance Phuket to be a high-end medical, health and wellness hub to support international working, living, relaxing and retiring.
  • Chinese activewear company Anta overtook international giants like Nike and Adidas to become the top-selling sports company in China – combined annual revenues to exceed 100 billion yuan ($13.82 billion) this year
  • Australian based business Evolt 360, has successfully raised $12m in a capital raise led by Bell Potter Securities, to meet the company’s strong order pipeline
  • Jetts Fitness Australia CEO, Elaine Jobson, has led an MBO to acquire the franchised Jetts Fitness business from parent company Fitness & Lifestyle Group (FLG) – taking control of 129 franchised clubs in AU, as well as international franchise businesses in the UK and the Netherlands.
  • Cult.fit is aiming for an (IPO) in 12-18 months as its core gym business has turned in an operating profit, their revenue has also grown more than 50% compared to pre-Covid-19 levels.
  • Australia ranked as the most desirable wellness tourism destination in the world by Global Wellness Institute’s (GWI) Wellness Tourism Initiative’s survey
  • Wellnex Life raises $6 million, as it moves to be the dominant player in Australia’s new over-the-counter medicinal cannabis market
  • S30 Studios are pleased to announce a $2.2mil capital injection from partners at Collab Capital. With Collab Capital’s support, they are accelerating their expansion plans to bring S30’s immersive training experiences across Australia
  • GYM BOD scored a $2 million deal with Coles, Australia by creating High Protein Soft Serves, collagen sticks and protein poles
  • Derrimut 24:7 gym in Winter Gardens becomes South Australia’s largest fitness space following a renovation including a doubling in size of its ladies’ space
  • Emma Masters’s new studio Therapy Fitness opening in Nov 2022 in Gold Coast – A studio that makes members feel good while they are exercising. Moving away from body shaming, towards a positive message for physical & mental health, camaraderie and community.
  • Fernwood Fitness acquires exclusive HYPOXI distributorship for Australia and New Zealand
  • Clean Health confirms partnership with Fitness Playground to be their exclusive live events workshop venue for our NSW students at their two Surry Hills facilities. They also partnered with a cutting-edge group fitness gym franchise Change Labz
  • Life Fitness Australia has launched the new Hammer Strength HD Athletic NX line – the next generation of HD Athletic Racks that can be right sized to fit any space and budget
  • Direct to consumer retailer Love Bonito acquires SG activewear brand Butter
  • Singapore-based HealthTech startup MiyaHealth, which raised additional funds in August, plans to expand its footprint globally, starting with Europe and Asia.
  • iRETREAT Koh Yao Noi is set to open its doors December 15. Congrats Anthony and the AJT Wellity team
  • Minor Hotels and VLCC unveiled a medical wellness centre VLCC Wellness at Avani+ Hua Hin Resort in Thailand.
  • Accor expands its footprint in Indonesia with the signing of its second Mövenpick property in Jakarta!
  • Focus Movement just celebrated their 18th birthday in Singapore and announced the re-opening (after 2 years closure due to COVID) of their physio-pilates clinic Focus Physio in Niseko Japan
  • Congratulations to The Whole Kitchen for 7 years! Congrats Anne and Susan
  • CRU Singapore celebrated their 8th anniversary with a treasure hunt for members to earn gold coins and redeem for prizes
  • Gofit’s 2nd club in SG Changi opened 1st October after a strong pre-sales. The 3rd Gofit is secured to open in February in Singapore with the location to be announced soon
  • UNREAL Personal Training recently launched Unreal Academy and with it, an Internship Program which promises to identify and develop young talent… Watch this space!
  • Debra Tay and Tudi Guillamot, co-founders of Cycling Bears, started a bespoke fitness equipment service in Singapore designing home gyms, for private homes, hotels and private clubs in SG, Malaysia, Indonesia, and Australia.
  • After more than 24 months of closure, Tempat Senang Boutique Hotel & Spa in Batam reopened doors – welcoming all to a hidden oasis 45 minutes away from Singapore
  • Fiture officially debuts its Fitness Mirror series in Malaysia.
  • Sumeet Ubhrani, Co-Founder, Reach launched made-in-India motorized treadmill at an introductory price of $160USD to ensure Indian home consumer markets could look to Indian products rather than Chinese imports
  • BODDY, the European well-tech start-up that recently launched in SG and BKK, just signed a deal with KLOOK, the largest Asian travel platform for in-destination activities.
  • China Mobile’s Migu app has 300 million subscribers and expects 640 million users by the end of 2022. Their fitness channel leverages 5G, AI, Metaverse, and fitness influencers.
  • Tencent-backed Keep Inc, China’s largest online fitness company, renews Hong Kong IPO application, to postpone their IPO listing.
  • Fiture is creating new products and technology, and planning to open 20 more stores in cities of Hangzhou, Nanjing, Tianjin, Chengdu and Chongqing.
  • Pure Group welcomes Kurios, a new curated wellness retail experience to Hong Kong. Integrating shops inside their centres- featuring everything from apparel, skincare products to healing crystals and home fragrances.
  • Ninja Force opened this month in Hong Kong – “The first and biggest outdoor Ninja Warrior Training facility in Hong Kong! Combining challenging obstacles like the American Ninja Warriors & Japan Sasuke TV show.
  • BFT becomes the first Xponential Fitness brand to make a major move in the UK, opening its first studio in England.
    Myzone moves into the metaverse with new Web3 platform partnership with digital health and fitness company, OliveX. Myzone also launch their new feature – MZ-Smart Station is a series of screens that instruct, engage, and inform class participants where to go next.
  • Our partners at Pilatre are offering their Pilatre Classic 30 session free! The program helps get rid of headaches and upper back tension with 30min walking based video training
  • Premium equipment designer and manufacturer, ZIVA, continues to expand its line of products “Home Line” made especially for home gyms so at-home athletes can design their workout spaces just as they like
  • Hilton and Peloton team up to enhance the travel wellness experience – an industry-first partnership, all 5,400 U.S. Hilton-branded hotels to feature Peloton in their fitness centers
  • National Academy of Sports Medicine® (NASM) Launches New Physique & Bodybuilding Coaching Program.
  • Les Mills APAC are gearing up for their Quarterly Instructor Upskill Workshops, which are being held in AU as well as SG, Hanoi, Jakarta, KL and Bangkok at the end of November
  • Virtuagym and Fitness KPI launch AI-driven benchmarking and analytics for the UK health club sector
  • Life Fitness creates full wellbeing journeys for hotels now offering tailored fitness and wellness solutions for hotels that will cater to each guest’s every need.
  • AUSActive national awards recognise Mel Tempest’s lifetime industry achievement 19 years after opening her first fitness location.
  • R10T.sg partnered up with iC2 PrepHouse to create “Donate Your Calories For Good” campaign. IC2 PrepHouse is a charity organisation that supports children with low vision to support them through optimal functioning in mainstream schools. R10T will donate $1 for every 10 calories burnt (snapshot of calorie tracker at R10T)

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