Why are there so many bankruptcies in China’s fitness industry?

Is this also the case abroad?

What kind of fitness businesses will stay?

China's fitness industry is still in its initial stage of development. The shortcomings of the system and model, poor management, and unhealthy competition have led to the prosperity of a number of clubs in the domestic fitness industry and their rapid collapse.

The foreign fitness industry has developed much longer than ours, and the system has become increasingly mature. Under the same conditions, there are fewer bankruptcies than ours.

A fitness company that wants to stay must have a very business-savvy team, a correct marketing model, a strict management system, and a company that is highly responsible for its employees and members.