Equinox hit the news this week as they rolled out a new $40,000 per year longevity membership called “Optimize by Equinox.” This program promises to provide a personalized health plan of action that includes personal training, nutrition, sleep coaching, and massage therapy. There will also be biomarker testing in partnership with Function Health and fitness testing. New York City and Highland Park, Texas are the pioneering locations for this program, with more to come. Placer took a look at the Highland Park location as well as one on Greenwich Ave in New York City. The Highland Park location has shown extraordinary year-over-year growth, with each month of the year showing increases compared to the prior year. The New York City location is a bit more mixed but had a strong showing year-over-year last fall and at the beginning of 2024.
A 2023 survey by A/B Consulting and Maveron VC suggested that almost half (46%) of people earning over $250,000 would spend the majority of their discretionary income on trying to improve health and longevity, compared to only 34% of people earning under $50,000. Bryan Johnson is a tech millionaire who is often in the press with his latest experiments at reversing aging. From routine MRIs to frequent sampling of bodily fluids, he is a rare example of what one might do to try to live forever if one had nearly unlimited means to do so. While not all of us have millions to spend on unlocking the secrets to the fountain of youth, there’s no doubt that wellness and longevity are top of mind for many people, be it endeavoring to walk 10,000 steps a day or aiming for a rainbow diet. Looking at Equinox in Highland Park in Dallas, TX we see that indeed, this wealthy enclave is an apt location to pioneer this longevity offering. In the true trade area capturing 70% of visits, more than 3 in 10 have a household income exceeding $200K.
The Spatial.ai PersonaLive dataset further cements the fact that the top visitor segments are a group with higher-than-average discretionary incomes, such as Young Professionals, Educated Urbanites, Sunset Boomers, and Ultra Wealthy Families.
Additional data from the AGS Behavior & Attitudes dataset indicates that among those living in trade areas comprising 70% of visits to the Highland Park Equinox, many are indeed health-oriented, over-indexing on behaviors such as exercising (index 122), being yoga enthusiasts (index 168), and utilizing mobile app fitness trackers (index 160). However, they tend to under-index on getting regular medical checkups (index 86) - which is exactly where Optimize could fit in with its frequent testing and personalized approach. In addition, this particular location might want to take advantage of the clamor for pedicures (index 137) and manicures (index 147) and consider increased retail media network exposure due to enthusiasm for health info from TV (index 159).
.svg)