Town Sports International Holdings, Inc. Q2 2009 Earnings Call Transcript

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2009-07-29 18:15:58.0

Tags: Call Transcript, Earnings, Credit Suisse Group AG, Town Sports International Holdings Inc., Seeking Alpha

Question-and-Answer Session

Operator

Thank you. (Operator instructions) Your first question comes from the line of Paul Lejuez - Credit Suisse.

Paul Lejuez - Credit Suisse

What percent of your members are inactive right now? I was just wondering what that looked like and relative to the same time last year and how that may have trended over the last couple of quarters.

Alex Alimanestianu

Paul, it is trending down. There are so many different definitions?

Paul Lejuez - Credit Suisse

Yes, what is yours?

Alex Alimanestianu

?that we looked at and that I just do not want to be too granular about any particular definition. In the industry standard it is around 23% but the definitions are all over the place in terms of what period of time the member has been inactive and whether it is 30, 60, 90 and how active is active. So, I could tell you the trending down and we are very focused on keeping that trend going in that direction.

Paul Lejuez - Credit Suisse

Did you say that about 20% you would say or..?

Alex Alimanestianu

I mean, I think that the industry norm.

Paul Lejuez - Credit Suisse

Yes, any figure around that level?

Alex Alimanestianu

It depends on the period of time we are looking at and we do not want to get into granularity on that definition.

Paul Lejuez - Credit Suisse

Got you and can you remind us, you have got a couple of clubs pool where you have members come in to the summer. Are those members already the most part included in that second quarter membership count?

Alex Alimanestianu

When we give out our membership count numbers, we actually exclude the summer members. So, those are full time members that we disclosed.

Paul Lejuez - Credit Suisse

Okay. So, how many approximately would you typically get during the summer month that are excluded?

Alex Alimanestianu

That is excluded? We will put it in our 10-Q. We are basically; we have two types of summer members. Some are the pool members and some are, which join our outdoor pool complexes and others are student memberships which are just the kids are back from school and here for the summer. So, there are two different types of them but I do not want to give out an exact number. All I can tell you is that together the group we are trending very similar to last year.

 

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