The Fitness Business: Healthy And Growing

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The Fitness Business: Healthy And Growing

Growing curiosity about health and fitness, among the young especially, is assisting a rise in locations for playing pumping and fetal iron, but entrepreneurs say revenues are slender. U Kyaw Naing at first considered creating a restaurant or guesthouse on his bare plot of land in the wards 21 of Yangon’s South Dagon Township. But the 48-year-old, that has lived in the region since long before the military changed it into a satellite television township in the first 1990s, made the decision he desired his first business enterprise to make a positive contribution to his community.

“The primary reason for developing the land was to aid my children,” said Kyaw Naing, who’s a nationwide federal government worker. Kyaw Naing had pointed out that most young men in the neighborhood spent their evenings at the teashop, as they often times do throughout the united states. He made a decision to create a caged, open-roofed court for futsal, a kind of five-a-side football played on a hard-surface pitch.

“What I noticed is that these were playing games on the mobile phones and the older boys were heading to beer stations every day,” he said. High inward migration from the countryside has seen Yangon’s human population grows quickly in recent years, to 5.2 million at the time of the 2014 census.

New areas such as South Dagon have been created to focus on this growth, but sporting fanatics, health experts, and metropolitan planners say facilities specialized in fitness and recreation have not kept pace. Ko Phyo Wai, 36, a father of two who lives in Yangon’s Thaketa Township, said of the city’s residents, “Just how many have the ability to play sport at venues such as futsal tennis or courts, or swimming gyms or pools?

I think there couldn’t become more when compared to a few thousand. Nonetheless, lately there has been a gradual increase in the true quantity of privately run futsal courts, gyms, and other sport venues being built in Yangon’s outer townships. For the owners, these seem to be a labor of love mostly. The owners of some futsal courts and other fitness venues, the majority of which have opened in the past three years, told Frontier they may be yet to produce a profit.

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Daw Thinzar Myo, 43, who’s the happy owner of a fitness center with a fitness center in North Okkalapa Township, said profits on investment can be gradual, but she doesn’t brain. She recalled the “luxury” gyms that catered to the rich about twenty years ago. “At that time, I recall that gyms and fitness centers were mostly opened up in hotels, and the prices were so high,” she told Frontier. Thinzar Myo said customers arrived to her fitness center for a variety motives.

“Some may want to lose weight, while others may choose to bulk up,” she said. Ko Nay Min Thu and his friend invested K40 million to develop an open-air futsal court that opened up in North Dagon Township two years back. They pay lease of K500, per month for the site because they cannot afford to buy land in their preferred location 000. The hourly fee for renting their futsal court is between K10,000 and K15,000. ” Nay Min Thu told Frontier.

“Whenever we were young we were passionate about playing soccer, but there were few proper pitches near where we resided. The introduction of fitness and sports as a rise industry displays a growing recognition, among young people especially, of the ongoing health advantages of regular exercise. The Su Myat Fitness Center in South Dagon opened eight months ago and its own manager, Ma Yu, says it now has more than 100 members who attend regularly. The well-equipped, three-storey center charges a monthly membership charge of K30,000, a month meaning its members should be generating revenues of K3 million.