In Russia, around 30% of the fitness clubs will stop working due to financial challenges resulting from taken in the context of pandemic coronavirus restrictive measures. It warned the President of the Association of operators of the fitness industry Olga Kiseleva.
According to her, the industry will cover two waves of bankruptcies. The first wave in the period of self-isolation in April, which will bankrupt 30% of participants of the market, will come the second wave, he said.
“If it is not accepted of government support measures, it is still 40% of the market will disappear within one or two months after release from quarantine,” — said the expert.
He believes that only the fitness industry is “reduced” by 70%. Up to 600 thousand workers in the sector are currently under threat of reduction.
