Please boost your Plan to download papers
Pages 6 (1506 words)
Contents Situation Analysis 2 Market Size and Value 2 Market Trends 2 Obesity 2 Public and Private Health Clubs 2 Distribution 3 Virgin Active’s Competitors 3 SWOT Analysis for Virgin Active 3 Strengths 3 Weaknesses 4 Opportunities 4 Threats 5 Segmentation: 6 Profile Criteria 6 Geo-Demographic 6 Psychological Criteria: 7 Behavioral Criteria 7 Positioning 8 Situation Analysis Market Size and Value The health and fitness club market has experienced a rise between 2006 and 2011, with a 17.3% increase in value to ?…
The reason for this could have been due to the rise in membership fees, which account for 75% to 85% of health club earnings. An alternative cause could be that health clubs are spending less than before, which accounts for a decrease in company expenditure. According to a report by Mintel (2011), the health and fitness club market has 5.33 million users, and as previously mentioned, this figure is predicted to increase with the upcoming Olympics. Market Trends The health club market has had some positive turns due to increasing awareness of obesity problems, and negative turns due to the economic crisis. Obesity In the UK, the high rate of obesity is a very serious problem that requires action to be taken. The following statistics by Keynote (2011) are obesity predictions for 2050: 60% of men, 50% of women, and 25% of children. This is a very large percentage of the population. ...
Not exactly what you need?