Explore the latest in fitness industry financial trends, AI innovations, and real estate strategies. Join experts as they discuss GLP-1s, capital investment, and the future of health clubs.

Welcome to the third edition of the Quarterly Fitness Forecast, proudly presented by ABC Fitness and hosted by Krissy Vann. In this episode, we explore critical topics impacting the fitness industry, including the financial health of the sector, the appetite for institutional capital, Greenfield vs. brownfield real estate expansions, the integration of artificial intelligence, and the role of GLP-1s and weight loss drugs in health club offerings.

Our panel includes:
Chris Smith, CEO of Fitness World Canada and Chairman of the Health and Fitness Association
Khal Rai, President of ABC Ignite
Mark Mastrov, Chairman of New Evolution Ventures (joining virtually)
Jeff Zwiefel, Executive Director of MIORA Longevity & Performance by Life Time (joining virtually)

Topics Discussed:
-Financial health of the fitness industry
-Institutional capital and investment in fitness businesses
-Greenfield vs. brownfield real estate expansions
-The role of artificial intelligence in the fitness industry
-GLP-1s and weight loss drugs in health club offerings

Don't forget to like and subscribe for weekly podcasts featuring industry thought leaders and influencers. Also, check out our Friday series, "This Week in Fitness," summarizing the latest fitness business headlines in under 5 minutes, perfect for busy executives.

Chapters:
0:00 - Podcast Introduction and Welcome
1:51 - Guest Introductions: Chris Smith & Khal Rai
3:11 - Financial Health of the Fitness Business in 2024
7:28 - Obtaining Institutional Capital in Fitness Business
11:57 - Mark Mastrov on the Financial Health of the Fitness Industry
14:37 - Interest Rates and Their Impact on Fitness Business
17:54 - Commercial Real Estate for Fitness Businesses
22:19 - Mark Mastrov on Fitness Business Real Estate
25:06 - Sectors Attracting the Most Investment
28:36 - Economic Impact of the Fitness Industry
32:17 - Artificial Intelligence in Fitness Business
40:49 - Mark Mastrov on Investing in AI
42:23 - GLP-1s, Weight Loss Drugs in Fitness
52:11 - Jeff Zwiefel on MIORA & GLP-1s
1:01:03 - Attracting the Other 80% to Fitness Facilities
1:09:00 - Closing Remarks

About the Host:
Krissy Vann, former Canadian national TV host and fitness competitor, now directs and hosts the All Things Fitness and Wellness podcast, bringing industry leaders' voices to the forefront.

A special thank you to our sponsor, ABC Fitness. With over 31,000 clubs and studios, 542,000 coaches and trainers, and 38 million members across 100+ countries, ABC Fitness is the leading fittech provider. Visit us at ABCFitness.com.

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