The Gym Group to open up to 16 new locations in 2025
The Gym Group has said it expects to accelerate new site openings to between 14 and 16 new venues in 2025.
The openings are set to form part of the gym operator’s long-term plan to open around 50 sites over the next three years.
The group – which now operates 245 locations after opening 12 new sites in 2024 – appointed Savills last April to advise on its expansion.
This comes as The Gym Group releases a pre-close trading update for 2024, a period during which it saw a year-on-year increase in revenue of 11% to £226.3m.
The operator ended the year with 891,000 members, up from 850,000 in 2023, an increase of 5%.
Will Orr, CEO of The Gym Group, said: “We have delivered strong progress and momentum in our Next Chapter growth plan, that will result in FY24 profits ahead of the top end of previous guidance. There is plenty more still to come as we execute our plan and we look to 2025 with confidence. We are well prepared for our key member recruitment period in the current quarter and beyond, with our strengthening new site pipeline and our flexible, high value, low cost offer making gym membership more accessible for all.”