What do membership attrition and retention mean?
Understanding attrition and retention is key to measuring the success of your gym business.
- Attrition refers to the rate at which members leave over a certain period, e.g. weekly, monthly, quarterly or yearly. A high attrition rate signals a problem.
- Retention, on the other hand, measures how long members stay and remain active. A high retention rate shows your members are satisfied with what you provide.
The two go hand in hand, as reducing the number of members leaving means you naturally increase the amount of time members stay, which helps your profitability. For gyms, fitness facilities and personal trainers, this stability is essential to keep you afloat and secure long-term revenue growth.