{"id":2689,"date":"2021-01-05T15:59:09","date_gmt":"2021-01-05T15:59:09","guid":{"rendered":"http:\/\/fitadelphia.com\/?p=2689"},"modified":"2021-01-05T15:59:09","modified_gmt":"2021-01-05T15:59:09","slug":"gyms-arent-coming-back-heres-how-youll-work-out-in-the-future","status":"publish","type":"post","link":"https:\/\/fitadelphia.com\/index.php\/2021\/01\/05\/gyms-arent-coming-back-heres-how-youll-work-out-in-the-future\/","title":{"rendered":"Gyms aren\u2019t coming back. Here\u2019s how you\u2019ll work out in the future"},"content":{"rendered":"\n

Fast Company<\/a><\/p>\n\n\n\n

In March, when my Orangetheory Fitness studio shuttered, I went into a funk, swapping out my afternoon workout for wine and cheese hour. It was fun at first, but I quickly realized I was spiraling into unhealthy habits. I explored other ways to get in shape\u2014from getting 10,000 steps in with my Fitbit to testing some home gym equipment. Nine months later, I\u2019m hooked on working out at home on my elliptical machine and with weights. I doubt I\u2019ll ever renew my gym membership.<\/p>\n\n\n\n

It turns out I wasn\u2019t alone on this fitness journey. A survey of 3,500 Americans<\/a> by The New Consumer<\/em> and Coefficient Capital found that 76% of people have tried working out at home during the pandemic\u2014and crucially, 66% prefer it. Among millennials, the number is even higher: 82% made the switch and 81% like it more.<\/p>\n\n\n\n

This has enormous ramifications for the future of fitness. TD Ameritrade found that 59%<\/a> of Americans don\u2019t plan to return to their gym after the pandemic, and analysts and industry insiders believe that gyms and fitness studios as we know them could become a thing of the past. This is a devastating blow to an industry that represents more than 40,000<\/a> health and fitness centers and employs 3 million<\/a> trainers and other personnel.<\/p>\n\n\n\n

The Perfect Storm<\/h2>\n\n\n\n

For the past decade, the fitness industry has boomed thanks to the growth of boutique studios such as Barry\u2019s Bootcamp, SoulCycle, Pure Barre, and CorePower Yoga, which were competing with traditional big-box gym chains like Planet Fitness and Gold\u2019s. Worldwide, industry revenue topped $96.7 billion<\/a> in 2019, with 184 million<\/a> members globally belonging to 210,000 health clubs<\/a>.<\/p>\n\n\n\n

But when COVID-19 struck, gyms were hit particularly hard. Small enclosed spaces full of people breathing heavily and dripping sweat quickly became unappealing, let alone unsafe. \u201cWe all learned what a petri dish gyms were to begin with,\u201d says Franklin Isacson, cofounder of Coefficient Capital.<\/p>\n\n\n\n

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[Photo: Peloton]<\/figcaption><\/figure>\n\n\n\n

While most people didn\u2019t expect a global pandemic to shutter gyms, several startups had already been betting that they could use technology to replicate the gym experience at home. Peloton, which launched its smart exercise bike in 2012, was chief among them. The company was perfectly situated to meet consumers\u2019 needs when stay-at-home orders went into effect, and its business doubled in 2020, generating $1.8 billion<\/a> in revenue. In September, it launched a treadmill, and in December it announced it was buying Precor<\/a>, which makes commercial fitness equipment. Peloton now has 3.6 million users; 500,000 of them stream content from its app without one of its machines.<\/p>\n\n\n\n

Over the past two years, many other startups have jumped into the industry with their own connected home gym equipment, including weight training devices Tempo and Tonal, which have frequently sold out during the pandemic. But these machines aren\u2019t for everyone, since they\u2019re large and cost upward of $2,000. Some prefer to stream classes online through platforms like Ob\u00e9 or Alo Moves. The latter was launched by apparel brand Alo Yoga in 2017. Since the pandemic hit, yogis flocked to the app, quadrupling the subscriber base. (The company does not disclose its subscriber numbers.) \u201cWe knew that people would want to practice yoga from the convenience of their homes, but we expected a shift this great to take 10 years,\u201d says Danny Harris, who cofounded Alo Yoga in 2007.<\/p>\n\n\n\n

Will gyms go the way of the arcade?<\/h2>\n\n\n\n

Brad Olson, Peloton\u2019s chief membership officer, believes that the shift to at-home fitness is comparable to how the gaming industry evolved. \u201cWe once played video games in malls, but then people discovered they could play at home and experience the same connection. Now everyone is asking for an Xbox or PS5 for Christmas,\u201d he says. \u201cThe same is happening for fitness.\u201d<\/p>\n\n\n\n

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[Photo: Peloton]<\/figcaption><\/figure>\n\n\n\n

Mirror, a wall-mounted machine that streams workout classes, was bought by Lululemon for $500 million in June. The platform\u2019s revenue is expected to surpass $150 million<\/a> this year. \u201cWhat happened this year was an acceleration of what was going to happen anyway,\u201d says Lululemon CEO Calvin McDonald. \u201cIt used to be hard to work out at home, but Mirror and others have developed technology that makes people feel connected to one another, which makes it easier to stay engaged.\u201d<\/p>\n\n\n\n

Fitness routines are hard to create and change, but the Consumer Trends report<\/a> suggests that the pandemic forced people to create new ones. \u201cMany people have discovered a hybrid solution that works really well,\u201d Isacson says.<\/p>\n\n\n\n

Fitness anytime, anywhere<\/h2>\n\n\n\n

Colleen Logan, head of marketing at NordicTrack\u2019s parent company, Icon Health and Fitness, believes that this hybrid approach to fitness will actually create a much better experience for the consumer. Many experts say it\u2019s important to have variety in your workout routine<\/a>, and the pandemic has introduced people to options they\u2019d never tried before. \u201cMore people have figured out how to work out at home and they also value getting exercise outdoors,\u201d Logan says. \u201cWhen gyms open up again, that will provide yet another experience. I see a world where it\u2019s easier to work out anytime, anywhere, whenever you have the time for it.\u201d<\/p>\n\n\n\n

Icon has its toe in both markets, by selling home workout machines and supplying equipment to gyms. Going forward, Logan believes that some consumers will be looking for continuity as they go from one space to another. That\u2019s why Icon developed a platform called iFit that streams on all of its machines but that consumers can also use on their phones or TVs. (It\u2019s similar to Peloton\u2019s approach with video content.) Isacson believes this will be a growing trend: Consumers may gravitate toward a single fitness brand across in-person and online experiences.<\/p>\n\n\n\n

Instructors take back their power<\/h2>\n\n\n\n

Even if gyms do bounce back after this crisis, the data suggests that a portion of their members won\u2019t return<\/a>. Chains like 24 Hour Fitness, Gold\u2019s Gym, and the owner of New York Sports Clubs have already filed for bankruptcy and collectively laid off hundreds of employees. But 80%<\/a> of the more than 40,000 clubs<\/a> in the U.S. are small businesses; many have already closed their operations<\/a> or are on the verge of doing so. This will have broad implications, not just for gyms but for millions of fitness instructors, many of whom were laid off during the lockdowns. Already, some of these instructors have used the pandemic as an opportunity to strike out on their own.<\/p>\n\n\n\n

Alexandra Bonetti, founder and CEO of tech startup Talent Hack, says she\u2019s seen a spike in instructors joining her platform, which connects them directly with clients without the gym as a middleman. Bonetti launched the company after nine years of owning a fitness studio in New York, where she observed tension growing between gyms and instructors. \u201cIt was so clear to me that clients came in because they felt a bond with a particular instructor,\u201d she says. \u201cAnd yet many instructors didn\u2019t feel like they had the autonomy to manage their relationship with the client.\u201d<\/p>\n\n\n\n

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[Photo: NordicTrack]<\/figcaption><\/figure>\n\n\n\n

When they were cut loose from their contracts with gyms, many instructors began offering Zoom classes and asking customers to pay them via Venmo. (The Talent Hack platform is designed to make this experience more seamless.) Bonetti believes that this could shake up the industry in more profound ways, where instructors have more power than they did before. She likens the emerging model to the music industry, where musicians have their own brand but can work with record labels, whose job is to market them to the consumer. \u201cThere was already a fracture in the industry, and the pandemic just deepened it,\u201d she says. \u201cA new business model is emerging.\u201d<\/p>\n\n\n\n

We\u2019re already seeing this play out on the fitness apps. Olson says Peloton members have strong affinities for particular instructors. \u201cWe encourage them to build a relationship with that member, both during the class and offline on social media,\u201d he says.<\/p>\n\n\n\n

Ultimately, if gyms want to have a fighting chance in the post-pandemic landscape, they\u2019ll have to innovate in profound ways, says Dan Frommer, founder of The New Consumer<\/em>. Much like other brick-and-mortar retailers, they\u2019ll have to offer more than just fitness classes, since consumers can now get these things at home. They might look more like a social club. Brands like Equinox had already started exploring this model in the U.S. and France; in Paris, La Montgolfi\u00e8re<\/a> gym has attracted customers with its cocktail bar, DJ\u2019d parties, and caf\u00e9s. \u201cIn the future, we probably won\u2019t be going to the gym for the nice equipment,\u201d Frommer says. \u201cWe\u2019ll be there for the scene and the community.\u201d<\/p>\n\n\n\n

About the author<\/h4>\n\n\n\n

Elizabeth Segran, Ph.D., is a staff writer at Fast Company. She lives in Cambridge, Massachusetts<\/p>\n","protected":false},"excerpt":{"rendered":"

Fast Company In March, when my Orangetheory Fitness studio shuttered, I went into a funk, swapping out my afternoon workout for wine and cheese hour. It was fun at first, but I quickly realized I was spiraling into unhealthy habits. I explored other ways to get in shape\u2014from getting 10,000 steps in with my Fitbit<\/p>\n

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