The revenue for Fitness and Recreational Sports Centres in Canada has seen a steady increase from 2013 to 2019, reflecting a growing interest in fitness and recreation. The period between 2020 and 2021 saw a significant drop due to the impact of the COVID-19 pandemic. However, the revenue rebounded strongly in 2022 and continued to grow into 2023, reaching 5.07 Billion Canadian Dollars. The year-on-year variations over the last two years were significant, with a 49.65% increase in 2022 and an 11.08% increase in 2023. The compound annual growth rate (CAGR) over the last five years stood at 3.88%.
Future trends to watch for include the impact of digital transformation in fitness, the increasing popularity of hybrid fitness models combining online and offline experiences, and the potential for growth in personalized fitness programs driven by data and AI. Additionally, evolving consumer preferences for wellness and holistic health could drive further revenue growth in the sector.
