Life Time Fitness (NYSE: LTM) operates distinctive and large sports, athletic, fitness and recreation centers. As of today, Life Time Fitness operates 70 centers in 15 states (including Arizona, Florida, Georgia, Kansas, Illinois, Indiana, Maryland, Michigan, Minnesota, Nebraska, North Carolina, Ohio, Texas, Utah and Virginia). In addition to traditional "health club" offerings, most Life Time Fitness centers include an expansive selection of premium amenities and services in a resort-like setting. Amenities include indoor and outdoor swimming pools, basketball and raquet courts, personal training and group fitness programming, child care centers, cafes and spas.
LTM participates in large and growing U.S. health and wellness industry, which the company defines to include health and fitness centers, fitness equipment, athletics, physical therapy, wellness education, nutritional products, athletic apparel, spa services and other wellness-related activities. According to the International Health, Raquet & Sportclub Association, or IHRSA, the estimated size of the U.S. health club industry, which is a relatively small part of the health and wellness industry, was approximately $15.9 billion in revenues for 2005 and 41.3 million memberships with approximately 29,000 clubs as of January 2006. Based on IHRSA membership data, the percentage of the total U.S. population with health club memberships increased from 13.5% in 2001 to 15.5% in 2005. Over the same period, total U.S. health club industry revenues increased from $12.2 billion to $15.9 billion.