The fitness industry has been “absolutely devastated” by COVID-19 … Almost $14 billion of revenue has been lost so far this year through September 1, with many clubs still not open, she noted. In gyms that are open, capacity has often been reduced 25-50%, though clubs still have 100% of expenses. IHRSA estimates at least a quarter of the country’s 40,000 fitness facilities could close by the end of 2020 without financial relief from Congress.