![]() ![]() It’s about ‘how do I have more energy? More clarity?” “What you’re going to see from us and others is how help people live with the extremes. People want a unique experience, and they’re willing to pay for it.”Īnd, catering to the growing demand for wellness services, Spevak said Equinox is already focusing on optimization and longevity: When asked about looming economic uncertainty, Spevak said the business posted record profits during the Great Recession in 2008, and he expects Equinox to perform well in a downturn.Įven after raising dues to counter a higher cost of doing business-wages for talent retention, new programming, etc.-Spevak said there has been “no resistance,” adding: “I think the Peloton trend speaks for itself right now… people crave community.” Key insights: Addressing at-home fitness, Spevak took a shot at competitors: But, the recovery is uneven - according to Mindbody, only 35% of fitness businesses are back to pre-pandemic sales levels. ![]() What’s trending: In-person fitness is rebounding. Equinox will have recovered 90% of its pre-pandemic members by year’s end.In September, monthly membership sales hit an all-time high ahead of opening its first new location in over a year.Club memberships sales reached record levels six out of the last seven months.The latest: According to Equinox CEO Harvey Spevak, the luxury gym chain’s pandemic recovery is nearly complete. CO 2 emissions from both the Humber and Teesside will be transported through pipelines to permanent storage, both developed by Northern Endurance Partnership, making use of the substantial storage potential deep under the UK North Sea.In search of community and holistic wellness, consumers are heading back to the gym. With partners in Net Zero Teesside, Equinor is working to decarbonise the Teesside industrial cluster with carbon capture. It’s the starting point for creating a Zero Carbon Humber by 2040, with hydrogen and CO 2 pipelines connecting to power stations and industrial sites in the region. ![]() Equinor’s H2H Saltend project will from the mid-2020s supply low carbon hydrogen to local industry, and power, and we are planning to build further hydrogen production capacity in the Humber by the end of the decade. The Humber estuary is at the heart of the UK’s largest industrial region which is also the most carbon-intensive – emitting 1½ times more CO 2 than the next largest region.
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