NEWS
Orangetheory sees potential for 10,000 studios worldwide
POSTED 12 Mar 2024 . BY Kath Hudson
Long says Orangetheory sees potential demand for 10,000 studios worldwide Credit: Orangetheory
Orangetheory Fitness tells HCM it sees potential demand for 10,000 units worldwide
The company has “massive expectations” for the UK and Europe
Japan is also a growth market
A merger is currently underway with Self Esteem Brands
Orangetheory Fitness has 'massive expectations' for growth in the UK and Europe and sees potential demand for up to 10,000 studios worldwide, says CEO, Dave Long, in the latest edition of HCM magazine.

“We have massive expectations for the development of Orangetheory Fitness in Europe and the UK,” he says. “I’m excited about international expansion, because that’s a decades-long project with so much we can do year after year. And I’m excited about the potential to impact more people through healthcare partnerships, by removing cost as a barrier to participation.”

Founded in 2010, Orangetheory Fitness grew to 1,000 locations by 2018 and currently has 1,540 locations across 23 countries. The lion’s share are in the US and Canada, but Long says expansion is ramping up.

There will be at least four more studios in London by the end of 2025 and 16 outside of the capital by the end of 2026. Spain is set to be the biggest growth market in Europe for 2024, with five more clubs planned this year.

“We’re eyeing two or three European cities to open flagships in 2024 or early 2025, with existing and potential new partners. For these sites, we might consider joint venturing, as they will drive brand visibility in Europe,” he says.

Slow to recover from the pandemic, Canada is now back on track, with eight to 10 locations planned and a key partner in Latin America is opening five to seven new this year.

“The other rapid growth market will be Japan," says Long. "They’ve really figured out the localisation of the model and have an extremely strong fan base. We won’t open lots of new studios there in 2024, but it will be a set-up year for really rapid growth from 2025. This is a market that could accommodate hundreds of units.”

The long-term goals is 10,000 units globally, at which point international markets will be three to five times the size of the US for the business. “It’s going to take a long time – a decade or more – but that’s the long-term goal,” says Long.

Long's interview coincides with the announcement of Orangetheory Fitness merging with Self Esteem Brands (SEB) to form a US$3.5 billion business, .

Speaking in HCM last year, Self Esteem Brands' CEO,
Dave Mortensen, said the company also has plans for 10,000 units.

While the merger is ongoing each company will operate independently. The search for a new CEO is underway and when they're eventually appointed, Long and Mortensen – along with SEB co-founder, Chuck Runyon – will move to the board.
RELATED STORIES
  Orangetheory taps into strength training boom - launches Strength 50 class


Orangetheory Fitness is tapping into the strength training trend with a new 50-minute class designed to cater to all fitness levels.
  Dave Long tells HCM Orangetheory is targeting aggressive expansion


Dave Long, co-founder and CEO of Orangetheory Fitness, has told HCM the boutique fitness franchise is aiming to expand to 100 more locations globally this year.
 


CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2024

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS
 
Leisure Management - Orangetheory sees potential for 10,000 studios worldwide ...
09 May 2024 Leisure Management: daily news and jobs
 
 
HOME
JOBS
NEWS
FEATURES
PRODUCTS
FREE DIGITAL SUBSCRIPTION
PRINT SUBSCRIPTION
ADVERTISE
CONTACT US
Sign up for FREE ezine
Latest news

12 Mar 2024

Orangetheory sees potential for 10,000 studios worldwide
BY Kath Hudson

Long says Orangetheory sees potential demand for 10,000 studios worldwide

Long says Orangetheory sees potential demand for 10,000 studios worldwide
photo: Orangetheory

Orangetheory Fitness has 'massive expectations' for growth in the UK and Europe and sees potential demand for up to 10,000 studios worldwide, says CEO, Dave Long, in the latest edition of HCM magazine.

“We have massive expectations for the development of Orangetheory Fitness in Europe and the UK,” he says. “I’m excited about international expansion, because that’s a decades-long project with so much we can do year after year. And I’m excited about the potential to impact more people through healthcare partnerships, by removing cost as a barrier to participation.”

Founded in 2010, Orangetheory Fitness grew to 1,000 locations by 2018 and currently has 1,540 locations across 23 countries. The lion’s share are in the US and Canada, but Long says expansion is ramping up.

There will be at least four more studios in London by the end of 2025 and 16 outside of the capital by the end of 2026. Spain is set to be the biggest growth market in Europe for 2024, with five more clubs planned this year.

“We’re eyeing two or three European cities to open flagships in 2024 or early 2025, with existing and potential new partners. For these sites, we might consider joint venturing, as they will drive brand visibility in Europe,” he says.

Slow to recover from the pandemic, Canada is now back on track, with eight to 10 locations planned and a key partner in Latin America is opening five to seven new this year.

“The other rapid growth market will be Japan," says Long. "They’ve really figured out the localisation of the model and have an extremely strong fan base. We won’t open lots of new studios there in 2024, but it will be a set-up year for really rapid growth from 2025. This is a market that could accommodate hundreds of units.”

The long-term goals is 10,000 units globally, at which point international markets will be three to five times the size of the US for the business. “It’s going to take a long time – a decade or more – but that’s the long-term goal,” says Long.

Long's interview coincides with the announcement of Orangetheory Fitness merging with Self Esteem Brands (SEB) to form a US$3.5 billion business, .

Speaking in HCM last year, Self Esteem Brands' CEO,
Dave Mortensen, said the company also has plans for 10,000 units.

While the merger is ongoing each company will operate independently. The search for a new CEO is underway and when they're eventually appointed, Long and Mortensen – along with SEB co-founder, Chuck Runyon – will move to the board.



Connect with
Leisure Management
Magazine:
View issue contents
Sign up:
Instant Alerts/zines

Print edition
 

News headlines
Xplor Capital launches in the US to help small businesses access funding
Xplor Capital launches in the US to help small businesses access funding   08 May 2024

Xplor Technologies has unveiled a financing solution for small businesses, which aims to counter the traditional lending process and help business .... more>>
Saga Holographic hits Kickstarter target to roll out holographic indoor bike
Saga Holographic hits Kickstarter target to roll out holographic indoor bike   08 May 2024

HoloBike, a holographic training bike that simulates trail rides in lifelike 3D, is aiming to push indoor cycling technology up a gear. A .... more>>
Exclusive: Yuki Kiyono goes behind the scenes of Aman’s social wellness brand Janu
Exclusive: Yuki Kiyono goes behind the scenes of Aman’s social wellness brand Janu   08 May 2024

Luxury hotel brand Aman, widely known for its strong spa focus, has just launched its much-talked-about sister brand Janu in Tokyo – complete with a .... more>>
Peloton considers de-listing to draw a line under pandemic challenges
Peloton considers de-listing to draw a line under pandemic challenges   08 May 2024

Peloton Interactive Inc is believed to be working to get its costs under control in a bid to align with the expectations of private equity investors .... more>>
Equinox teams up with Dr Mark Hyman's Function Health to offer $40k annual healthspan programme
Equinox teams up with Dr Mark Hyman's Function Health to offer $40k annual healthspan programme   07 May 2024

Equinox, has teamed up with health platform, Function Health, to offer 100 comprehensive laboratory tests, giving members vital insights into their .... more>>
'Huff and Puff' – Australian research emphasises the importance of keeping up the cardio
'Huff and Puff' – Australian research emphasises the importance of keeping up the cardio   07 May 2024

Having good levels of cardiorespiratory fitness cuts disease and premature death by 11 to 17 per cent according to new research from the University of .... more>>
Company profile


miha bodytec

Founded in 2007 in Gersthofen, Germany, miha bodytec is the market-leading supplier of Electro Muscle Stimulation (EMS) equipment.

View full profile>>

Catalogue gallery


Featured Supplier

CSI Design Expo Americas 2024 announces new Attractions & Entertainment Technology Zone

CSI Design Expo Americas 2024 announces new Attractions & Entertainment Technology Zone

Cruise Ship Interiors (CSI) invites cruise lines, shipyards, design studios, outfitters, and suppliers to take part in CSI Design Expo Americas in Miami, Florida, the region’s only event dedicated to cruise ship interior design. More>>




in this issue

• Virgin gets right to wipe out rent arrears
• Fitness industry mourns passing of Jan Spaticchia
• STA offers mindfulness resources



Latest jobs

Jobs Search



Team Leader
Salary: Competitive salary, excellent benefits
Location: Bristol
Company: Everyone Active
Exercise Referral Instructor
Salary: Competitive
Location: Bristol
Company: Everyone Active
Duty Manager
Salary: Competitive
Location: Middlesbrough
Company: Everyone Active
Diary dates
Powered by leisurediary.com

10-12 May 2024

Asia Pool & Spa Expo

China Import & Export Fair Complex, Guangzhou, China







Published by Leisure Media Tel: +44 (0)1462 431385 | Contact us | About us | © Cybertrek Ltd