A model of this text first appeared in CNBC’s Inside Wealth e-newsletter with Robert Frank, a weekly information to the high-net-worth investor and shopper. Join to obtain future editions, straight to your inbox.
Equinox’s $40,000-a-year membership has a ready record of greater than 1,000 folks, as demand for luxurious well being and wellness applications soars, in accordance with the corporate’s chairman.
The high-end health chain’s “Optimize by Equinox,” launched in 2024, is likely one of the most costly health club memberships on this planet and consists of every part from private coaching and diet to sleep teaching, therapeutic massage remedy and a “well being concierge.”
Harvey Spevak, Equinox’s government chairman, advised Inside Wealth that this system has seen exceptional demand and highlights the “insatiable” demand by the rich for longevity and wellness merchandise.
“Well being is the brand new luxurious,” Spevak stated. “The primary factor within the expertise financial system, apart from journey, that the buyer needs, is, ‘How do I stay a high-performance way of life?'”
The Optimize program is all a part of Equinox’s technique to develop into the main luxurious model within the fast-growing enterprise of well being and wellness.
The worldwide wellness market is anticipated to succeed in practically $10 trillion by 2030, up from $6.8 trillion in 2024, in accordance with estimates from the International Wellness Institute. With the inhabitants of millionaires and billionaires growing older, and an explosion in firms and merchandise promising miracle cures, the rich are driving a lot of the spending.
Equinox has grown past health golf equipment to increase into motels and hospitality, customized efficiency applications, IV facilities, blood-testing collaborations and extra.
The corporate opened its first lodge in Manhattan’s Hudson Yards neighborhood in 2019 and is about to open a second in Saudi Arabia. Spevak stated Equinox will doubtless have near a dozen motels world wide – together with the Center East, Caribbean and U.S. – throughout the subsequent seven to eight years.
Equinox at present has 115 health golf equipment and has plans for 40 extra – together with places in Nashville; Toronto; Charlotte, North Carolina; and South Florida. Regardless of being the most important retailer in New York by sq. ft, it is persevering with so as to add extra in its dwelling metropolis, Spevak stated.
The Optimize membership leverages Operate Well being, a lab take a look at firm, to offer shoppers with exams for 100 biomarkers twice a yr, which might then function guides for a health, diet and way of life program tailor-made to every shopper.
Spevak stated this system has rolled out in Los Angeles and Dallas and can finally launch in New York.
The corporate additionally just lately created a personalised program for ladies known as EQX ARC. Utilizing diagnostics, wearables and specialised teaching, this system is designed across the totally different levels of a lady’s life and well being journey, and already has its personal wait record.
Spevak stated the corporate’s IV drip lounge on the Equinox Lodge in Hudson Yards — its solely drip lounge so far — has already develop into “a seven determine enterprise.”
Equinox Hudson Yards is the model’s truest realization of its holistic way of life promise, giving members entry to signature group health lessons, a 25-yard indoor salt water pool, cold and hot plunge swimming pools and a 15,000 sq. foot out of doors leisure pool and sundeck. The Equinox at Hudson Yards footprint provides ample alternative for coaching, working, regenerating, socializing, group constructing, consuming and extra.
Matthew Peyton | Getty Photos Leisure | Getty Photos
Whereas Equinox is personal and would not disclose financials, Spevak stated 2025 was a “document yr” for the corporate and he expects 2026 “to be even larger.” He stated different high-end shopper firms are reaching out to Equinox to companion on well being and wellness.
“When you consider the financial system transferring from a product financial system to an expertise financial system, numerous huge shopper firms are saying, ‘Properly, how do I proceed to serve my shopper and well being and wellness, and who do I discuss to?'”
“There’s actually just one model that has the authority and the model fairness,” he stated.
