The Gym Group has said it plans to open around 50 new sites over the next three years as it accelerates its expansion across the UK.
It came as the low-cost gym operator said it was well placed to benefit from the challenging economic backdrop, with some customers moving to cheaper gym operators.
The company, which currently runs 233 gyms across the UK, revealed that revenues grew by 18% to £204 million for 2023, compared with the previous year.
This was supported in a rise in gym members, with average membership numbers up 8% for the year.
It had around 850,000 members across the UK at the end of the year.
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2024-03-13 11:29:00Z
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