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Leisure Management
1 to 25 of 27360 stories
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Speaking to HCM, global CEO of Lift Brands, Ty Menzies, has confirmed that the company – owner of Snap Fitness and Fitness On Demand – is up for sale. Current owner, TZP, intended to back the business for five years before exiting, but the investment has been locked in for ten years, due to the
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Planet Fitness has announced the repurchase of 314,000 shares at a rate of US$20 million. The Class A common stocks were repurchased and retired, using cash. The company has also reported growth in its first quarter financial results, which showed total revenue increased by 11.6 per cent to US$248.0 million,
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Xponential Fitness today indefinitely suspended founder and CEO, Anthony Geisler, saying it had been notified on 7 May that the company is facing a legal challenge by the United States Attorney’s Office for the Central District of California. The challenge comes as a result of a filing that was first made in
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The Ritz-Carlton Reynolds, Lake Oconee in the southeastern US state of Georgia is celebrating a new milestone after unveiling its newly renovated 27,000sq ft destination spa. The vision behind the refresh was to create a luxurious oasis that redefines relaxation and rejuvenation for resort guests and
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Fast Fitness Japan, master franchisee of Anytime Fitness in Japan, has acquired Eighty-8 Health & Fitness, giving the company master franchisee rights to Anytime Fitness in Germany. The company, which is headquartered in Shinjuku-ku, Tokyo operates 1,100 clubs in Japan, with 800,000 members, and has been
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Xplor Technologies has unveiled a financing solution for small businesses, which aims to counter the traditional lending process and help business owners get swift access to cash. “Over the past two years, businesses have battled rising inflation and increased operating costs that have stifled growth,” said
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HoloBike, a holographic training bike that simulates trail rides in lifelike 3D, is aiming to push indoor cycling technology up a gear. A California-based group of engineers and designers, Saga Holographic, have been working on the bike for three years, since coming up with the idea while cycling through the
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Luxury hotel brand Aman, widely known for its strong spa focus, has just launched its much-talked-about sister brand Janu in Tokyo – complete with a 4,000sq m urban wellness retreat. Janu Tokyo is only the beginning of the brand’s global expansion plans, according to Yuki Kiyono, global head of health and
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Peloton Interactive Inc is believed to be working to get its costs under control in a bid to align with the expectations of private equity investors as it considers de-listing. The company’s rollercoaster ride from a valuation of around US$50 billion at the height of the pandemic to a US$1.3 billion valuation
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Equinox, has teamed up with health platform, Function Health, to offer 100 comprehensive laboratory tests, giving members vital insights into their internal health as part of an Optimize by Equinox membership. Priced at US$40,000 a year, in addition to a gym membership, the programme costs the equivalent of
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Having good levels of cardiorespiratory fitness cuts disease and premature death by 11 to 17 per cent according to new research from the University of South Australia (UniSA). As strength training skyrockets in popularity and gym owners respond to customer demand by removing cardio equipment to make more room
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Spanish wellness brand SHA Wellness Clinic is busy preparing to bolster its wellness portfolio in 2026 with a hyper-exclusive island wellness enclave in AlJurf, UAE. SHA Emirates Island at AlJurf – created by Abu Dhabi-based development partner IMKAN – will bring together a SHA Wellness Clinic, a health resort,
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US gym chain, Crunch Fitness, has bolstered its global expansion plans with the appointment of John Kersh as managing director of international development. Kersh has more than 25 years of experience in the fitness and franchising business, most recently as the chief international development officer at
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The historic Breakers Hotel in Long Beach, California, is set to reopen in mid-2024 as a Fairmont Hotels & Resorts property after a significant restoration and redevelopment project. The project, initially unveiled in 2022 by Accor (Fairmont's parent company), marks a strategic collaboration with Pacific6 – a
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High-end five-star hotel company Kempinski Hotels is making its mark in Vietnam with a luxury waterfront property overlooking the Saigon River. Set to open by 2026, Kempinski Saigon River – designed by Kengo Kuma & Associates – will feature 100 guestrooms and suites along with a 1,500sq m Resense Spa offering
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Moonbird is a tactile breathing coach, which provides real-time biofeedback, measuring heart rate and heart rate variability. Studies show it can reduce anxiety and improve sleep quality. Breathing is our most powerful tool to help reduce stress and anxiety. A few minutes of breathwork act as a reset button for
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Barry’s – known for its HIIT workouts combining treadmills and weights – is thought to be looking at strategic options, including taking on a new backer. Talking exclusively to HCM global CEO, Joey Gonzalez said the company is ready to resume its plans to hit the market, after its plans were stalled by COVID.
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US private equity fund, Providence Equity Partners, is acquiring a majority stake in VivaGym from Bridges Fund Management, which will exit as a shareholder. Financial terms have not been disclosed. Headquartered in Malaga, VivaGym is a low-cost operator with 315,000 members and 104 gyms across Spain and
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Marriott International has signed a new deal with Neom to open a Ritz-Carlton Reserve property as part of Trojena, a brand new year-round mountain adventure destination in Saudi Arabia. Launching in 2026, Trojena is a mountainside tourism location within the vast US$500 billion (€462.7 billion, £396 billion)
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Numbers from the Association of Leading Visitor Attractions, (ALVA) show that Royal attractions saw a huge increase in visitor numbers during 2023 – the coronation year of King Charles III. Westminster Abbey had a 49 per cent increase of visitors and worshippers to 1,587,866, Windsor Castle saw a 66 per cent
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As part of its drive to become carbon neutral by 2030 and carbon positive by 2032, Dutch theme park Efteling has announced plans to convert its steam trains from coal to electric. Efteling is working with UK-based narrow-gauge railway engineering company Alan Keef Ltd to electrify its much-loved steam trains,
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There is speculation that Basic Fit will sell the five Spanish Holmes Place clubs it has just acquired from RSG Group in a 47-club deal. In the Q1 trading update released today, Basic-Fit CEO, Rene Moos, said that while there are plans for the McFit clubs acquired in the €50m purchase, the future of the Holmes
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Kerzner International has signed deals to operate two new Siro recovery hotels in Mexico and Saudi Arabia, following the launch of the inaugural Siro property in Dubai this February. Designed to offer guests a holistic fitness and recovery experience, Siro’s destination hotels support guests to unlock their
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The US spa industry is continuing its upward trajectory, achieving an unprecedented milestone with a record-breaking revenue of US$21.3 billion in 2023, surpassing the previous high of US$20.1 billion in 2022. This data stems from the 2024 edition of the annual US Spa Industry Study, conducted by
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Short-term incentives to exercise, such as using daily reminders, rewards or games, can lead to sustained increases in activity, according to new research. Researchers found that even a simple daily reminder encouraged people to move more, while offering financial incentives or point-based rewards was even more
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