The rich are spending up to $10,000 a month on wellness clubs to relax and reverse their age.

The rich are spending up to $10,000 a month on wellness clubs to relax and reverse their age.
The rich are spending up to $10,000 a month on wellness clubs to relax and reverse their age.

The COVID-19 pandemic increased demand for wellness clubs, which combine health and community in luxury private spaces. (Illustrative Image Infobae)

Stretching from Flatiron to Greenwich Village there is a radius of 10 blocks with three havens where high-powered urbanites can counteract the wear and tear of the hectic life of NY. They can escape to a bed of red light, take a QiGong class, or enjoy a salt sauna. Himalayas along with their peers.

These are members-only social welfare clubswhich vary in prices from thousands of dollars and in their offerings, but promise the same thing: a curated, convenient experience that integrates health and community with the help of practitioners and luxury amenities.

For an initial monthly price of USD 355the members of THE WELL They can attend an alignment yoga class before grabbing a bowl of organic buffalo chicken for lunch, then head downstairs to soak in the cold pool in their longevity suite, sit in the meditation dome, and visit the acupuncturist. The peach and white aesthetic looks as comforting as the modern medicine meets ancient healing experience sounds, with gently curved walls, plants chosen for their healing and purifying properties, and a custom scent of bergamot, grapefruit, and frankincense.

“It was designed to be your one-stop wellness store,” Kane Sarhanco-founder and CCO of The WELLhe told Fortune. “New Yorkers have big lives, big jobs. They are type A people who go for it. But the only thing that is not well-being are the sidewalks or subways of NY. “It was about making it easy and convenient for someone who wants health and wellness at their core.”

It first opened its 13,000-square-foot space in September 2019. Two months later, Remedy Place opened in west hollywoodreceiving famous clientele such as Rita prays and Kasey Musgraves in a gray, masculine and elegant space “designed to heal,” according to the founder Jonathan Leary he told Fortune. The goal: offer new ways to socialize with clinically supported self-care, such as social acupuncture or a film IV session, for USD 300 to USD 2,250 per month depending on package and location.

It was the end of a decade during which SoulCycle and green juices They became status symbols in a global welfare economy. USD 4.5 million million. Private health-oriented social clubs, such as Grace Belgarvia and Mortimer Houseemerged in London, while some general members-only clubs began including preventive offerings like brain training programs. The natural evolution in USA were the spaces dedicated only to members for well-being. Although the pandemic initially put a damper on the concept, it ended up reinforcing it as people reprioritized community and well-being.

Wellness clubs vary in prices and services, but all promise a curated experience that integrates health and community. (Illustrative image Infobae)

The social welfare clubs became a booming niche in the post-pandemic private club gold rushas the world woke up from a health scare to a loneliness epidemic. THE WELLwhich also has locations in Costa Rica, Mexico and Connecticutis expanding to Geneva and Miami (including a wellness-oriented residence) with further expansion plans underway. Remedy Place expanded to NY in 2022 and plans to launch 16 clubs across the country. AND Continuum Clubwhich combines a “white glove experience” with artificial intelligence technology to help members achieve their fitness goals, just opened in May by USD 10,000 a month.

There are eight brands of private wellness clubs in NYC and five in LA (although not all are designed to encourage social interaction and community)according to Private Club Marketing, which helps bring private clubs to life. “Wellness has now become less of an interest and more of a lifestyle choice,” she told Fortune the CEO Zack Bates. Driving the change are millennials, who “have really put their health and well-being at the forefront and have the financial means to participate in these spaces to make this a success.”

Health signals wealth The first members-only social clubs emerged in the London 18th century for wealthy men to socialize and associate with like-minded peers; In the 20th century, barriers were broken to allow entry for women and other minorities. Today’s version seems like an experience designed for the young, rich, and connected in shiny urban cities at high prices—think Soho Housewhich emerged in the ’90s, or the newest Cipriani House either Zero Bond.

Exclusivity has always been part of the appeal, he explains Silvia Bellezzaassociate professor of business in marketing at the Columbia University. “The smaller the ‘in’ group and the more difficult it is to access, the greater the signaling power of that membership,” he told Fortune.

The rich often signaled this with physical items like a handbag or a high-end car. But as more consumers were able to access these goods, counterfeiters became more skilled, and the world fell in love with quiet luxury, they shifted to intangible assets, such as health and wellness, which she says align with progressive dematerialization. of status symbols.

They also changed the way they spend and allocate their time. Laziness used to symbolize wealth because the rich could afford not to work. Now that workholism means status and leisure has become more active, he says, it makes sense that social welfare clubs have sprung up. “Going to a club linked to health and wellness speaks to this idea of ​​more active leisure and a more productive type of free time,” she says. “You’re not working, but you’re also doing something productive; you’re working on your body or your appearance or trying to preserve your age forever.”

Wellness clubs in New York and Los Angeles are designed to foster social interaction and community. (Illustrative image Infobae)

But the wellness industry It has received criticism for being exclusionary and expensive, two things that social clubs can also be seen as. When THE WELL reopened after the pandemic, the founders felt their members-only model wasn’t the right fit to help people prioritize well-being. So they maintained dedicated member programs, such as unlimited infrared experiences and discounts, while offering a la carte services, which Sarhan says sometimes convert customers into members.

While members generally range in age from 25 to 75, he says they tend to be people in their 30s with an annual income of more than USD 250,000. But “someone who is younger or doesn’t have the income to afford a membership can still have a gateway to us,” she says.

A new need for prevention and longevity During his 20-year career in health and wellness, Jeff Halevy detected a triple problem. One: Wellness is a nebulous term that can mean yoga and a smoothie to one person, but a gluten-free diet and meditation to another. “None of these are necessarily wrong, but understanding which one actually moves the needle in the right direction, from an outcomes-based perspective, does separate the wheat from the chaff,” she says.

Two: Wellness solutions vary in effectiveness and quality. And three: People not only need to understand how to navigate these solutions, but how to assemble them “into a game plan, a fluid mosaic that adapts and evolves with their changing needs.” Wearable devices like the ring Oura have begun to do this, but he says that interpreting the information is another story: “People don’t need data and dashboards, they need direction.”

That’s where it comes in Continuum Club with precision wellness, offering integrated data sets from sleep to exercise in a personalized wellness regimen built by AI for the one percent of NY. The location: A revived 23,000-square-foot Romanesque-style building that feels contemporary yet warm with earthy tones and brick walls that house “human performance specialists,” hyperbaric chambers, a state-of-the-art gym and a flotation tank.

Its science- and technology-based approach exemplifies the year’s key wellness trends, according to the report. McKinsey Wellness 2024: biomonitoring, AI-based personalized wellness recommendations, products based on scientific efficacy and clinical effectiveness, and physician recommendations. How wellness clubs can offer member services that “inspire confidence in efficacy and scientific backing” is important, says Anna Pioneone of the authors of the report. Remedy Place designed its offerings “from first-person clinical evidence” such as blood test tests to create what Leary It is said to be “the instruction manual for your body” and a hyperbaric oxygen chamber to accelerate the body’s biochemical healing process to reverse the effects of aging.

After all, we are in our era of healthy aging, obsessed with optimizing our wellness routines and embarking on missions across the globe. Brian Johnson to age backwards. More than 60% of consumers said it was extremely or very important to buy longevity products, it found McKinsey. It is no coincidence that this growing interest coincides with the pandemic, which according to Pioneer (and everyone else you’re with) Fortune spoke) made us more aware of our mortality and managing our health.

“These are things that are all preventive, and there is so much data and technology available today to help remedy this,” he says. Bates.

Community is well-being A key to living longer and happier, according to a study by harvard: Embrace community, which the pandemic also encouraged. Building that for the like-minded has fueled the most successful private clubs, he says Bates, while those who fail built a beautiful space without a soul. Wellbeing has often driven them individually, she adds.

“This desire for community is quite intertwined with well-being, so it makes sense that an offering that brings both well-being and community would resonate,” he says. Pioneer. That’s exactly why Halevy says he created Continuum like a social club. But he’s keeping it small as part of the club’s commitment to maintaining a personalized and intimate experience; accepting 100 members and expanding to 250 next year with no plans to exceed that limit.

Leary is deliberately trying to change the narrative about how we socialize with what he calls “social substitutions” that replace typical social environments with self-care experiences. “This can be anything from a new way to date, an alternative to happy hour, where you have a meeting, etc.” he says, adding that members crave meaningful experiences and connections that prioritize holistic well-being over traditional indulgences like alcohol and food.

There is also the convenience factor. Halevy say what Continuum Club It eliminates “the burden of time and energy” for those who balance work, family and social commitments. This is especially palpable in large cities such as NYthat according Sarhan “it chews you up and spits you out.” People are often running from place to place, taking a yoga class here and seeing an acupuncturist there, she explains.

They need to do more in less time, he adds. “Time is our most precious commodity.”

(C) 2024, Fortune

 
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