My gym is a bit ... different - part of a larger hospital chain/brand. Pandemic hit them hard, and I (along with many others) 'froze' our accounts. Still a member, just non-paying for X months. I froze for months during lockdown because the requirements were too onerous - must wear a mask while on treadmill, for example. Needed to schedule a swimming lane days in advance. It was too cumbersome, so I froze. Unfroze last month and am going a bit more regularly now, as they've relaxed some of the restrictions.
BUT... when I came back, I noticed a new wall in the hallway. They'd blocked off a hallway, and essentially sold (probably just long term leased?) about 20% of the building to a different entity (health related). They just had too much open space and no use for it. Was a bit of a shame, but it helped them keep their books afloat.
FWIW, I've always heard horror stories of gyms locking people in to unending payments. This place, while an extra few $ compared to some others in the area, is always month to month, and I've cancelled in the past, then came back. Never had an issue with billing/overbilling/etc, which seems... both trivial (of course that's how it should work) and impressive (seems to be in a minority of gyms) at the same time.