Leading fitness gym brands based on number of studios in Vietnam 2020
As of April 2020, California Fitness and Yoga was the leading fitness studio chain in Vietnam with 35 studios, followed by Curves with 26 studios and Elite Fitness with 15 stores. In terms of profitability, Elite Fitness generated a revenue of 465 billion Vietnamese dong in 2018, surpassing California Fitness and Yoga, and Fit24.
Domestic vs. international fitness chains
California Fitness and Yoga belongs to California Management Group (CMG). CMG was founded in 2007 by an American and has become the first and largest international fitness company in Vietnam. Elite Fitness, ranked third, was launched in 2010 by a Vietnamese. Since then, it has become a five-star sports club which is now owned by BIM Group. Fit24 originated from EuroFit, a Germany-based fitness group that has officially entered the Vietnamese market in 2012.
Fitness training among Vietnamese
In Vietnam, member penetration in health clubs is comparably low compared to other Asian countries. However, there is a growing interest in going to the gym among urban residents in Vietnam. Most gym-goers spend an average of 200 to 300 thousand Vietnamese dong on gym subscriptions. For them, the location, price and availability of modern equipment are most important for choosing a gym.
Domestic vs. international fitness chains
California Fitness and Yoga belongs to California Management Group (CMG). CMG was founded in 2007 by an American and has become the first and largest international fitness company in Vietnam. Elite Fitness, ranked third, was launched in 2010 by a Vietnamese. Since then, it has become a five-star sports club which is now owned by BIM Group. Fit24 originated from EuroFit, a Germany-based fitness group that has officially entered the Vietnamese market in 2012.
Fitness training among Vietnamese
In Vietnam, member penetration in health clubs is comparably low compared to other Asian countries. However, there is a growing interest in going to the gym among urban residents in Vietnam. Most gym-goers spend an average of 200 to 300 thousand Vietnamese dong on gym subscriptions. For them, the location, price and availability of modern equipment are most important for choosing a gym.
