2018 London Boutique Studio Report Launched
Posted: Tue, 20 Nov 2018 11:14
The 2018 London Boutique Studio Report reveals that the London boutique fitness market is rapidly expanding.
There are 278 boutique studios across the city: 114 HIIT studios, 111 Mind & Body studios and 53 CrossFit studios. They offer over 15k classes each week and at any one time 9,629 people could be taking part in a class.
The 2018 report highlights that the number of boutique studios has grown by 281% over the last 5 years. 2018 has already seen over 60 new boutique studios open in London (up until 31st October), the highest number yet. This compares to a total of 46 in 2017. F45 Training with 21 London studios is the leading boutique operator, by number of sites.
They are the first brand to exceed 20 London locations, after adding 16 new studios in 2018.
Commenting on the figures, David Minton, Director of LeisureDB said: "The boutique studio trend should come as no surprise; fitness is simply playing catch up to other industries. Retail, hotels, food and drink have been establishing small, hip boutique options for some time. People are prepared to pay a premium to have more of an experience and be part of a tribe.
Boutique fitness studios are a part of this movement and are cashing in, particularly in London". Summary of Key Facts • The number of boutique studios in London is 278. • There are 114 HIIT studios, 111 Mind & Body studios and 53 CrossFit studios. • 61 studios opened between the period 1st January to 31st October 2018, up from 46 in 2017. • There are 15,806 boutique classes on offer across London each week. • The total boutique studio capacity across the 278 sites in London is 9,629 people at any one time.
Notes The London Boutique Studio Report is compiled from the most comprehensive review of the London boutique industry, involving individual contact with all sites and the brands featured. The audit was conducted as of 31st October 2018. The audit and resulting figures are compiled by independent leisure market analysts, LeisureDB, who have been monitoring the performance of the fitness industry for over 30 years. Further details of the report can be found here 2018 London Boutique Studio Report. Further Information: LeisureDB LeisureDB (formerly The Leisure Database Company) is a leading independent database specialist who provides key market intelligence and analysis across the industry. Established over 30 years ago, the company works with a wide range of fitness operators, providing member profiling reports, new site analysis, latent demand estimates, statistics and data licenses. www.leisuredb.com firstname.lastname@example.org Tel: 020 3735 8491
Link to the Report