Singapore’s State of Industry Survey
END OF NOVEMBER 2022
*** 65 different fitness and wellness businesses from Singapore took our survey
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How many full-time employees do you currently have?
0
full-time employees across 65 businesses
How many part-time (including freelance or SEPs) employees do you currently have?
0
part-time employees across 65 businesses
Y-o-Y (comparing 2022 to 2021), has your number of employees increased or decreased this year?
How many clubs/gyms/facilities /spas/clinics do you own/operate/manage in Singapore?
0
facilities across 65 businesses
How many members/clients/guests do you serve? (Total number across all your clubs/gyms/facilities)
0
members across 65 businesses
Y-o-Y (comparing 2022 to 2021), have you opened or closed any physical studios/clubs /facilities/premises?
What type of facility/facilities do you operate/own/manage?
If you do own/manage/operate a boutique, what modalities do you offer?
What capacity are your clubs/gyms/studios/spas operating at currently?
Do you offer digital offerings to your members/guests/clients?
Y-o-Y (comparing 2022 to 2019), what is your EBITDA now compared to pre-pandemic?
List the 3 major challenges that your business today is facing
Depleted talent pool
Insufficient support from the Government (especially for new businesses)
Low public awareness (scepticism) on the importance of fitness/wellness
Member/Client expectations have increased
Member/Client retention
Member/Client price sensitivity increasing
Price war and race to the bottom pricing/discounts
Rising costs (especially operational costs – rent, energy and wages)
Saturated market and increased competition
Staffing (especially talent acquisition and retention)
The return of business travel affecting client visits and buying behaviours
Work From Home and lifestyle changes affecting client visits and buying behaviours
