Life Time Fitness CEO says gyms could see ‘small degradation’ as more people workout from home

Life Time Fitness CEO Bahram Akradi on Thursday said that the gym industry could see a “small degradation” as more people opt for at-home workouts, although gymgoers will still return to their clubs once Covid-19 restrictions are lifted. 

“I think that a small degradation is possible,” Akradi told CNBC’s “Squawk on the Street.” “While the workout at home is something they (gym members) have to do when they don’t have an option, they’re still aching for the opportunity to go to the clubs and join their communities.”… READ MORE @ CNBC