1851

As technology has given rise to remote work and virtual collaboration,&nbsp;<a href="http://iwgplc.com/develop-a-location?utm_source=1851franchise.com&utm_medium=article&utm_campaign=how-hotels-use-regus-to-convert-empty-conference-space-into-flexible-workspace-2721692" target="_blank" rel="nofollow">International Workplace Group (IWG)</a> — the multi-brand flexible workspace provider with over 3,500 locations in 1,100 cities globally — has emerged as the leader in the&nbsp;flexible workspace industry. Poised to capitalize on the hybrid and remote work trends that have been accelerated by the pandemic, IWG allows landlords and investors to build or convert commercial spaces into fully-furnished, I.T.-enabled flexible workspaces, presenting a unique opportunity for one subset in particular.Hotel owners.“Flex space is an excellent opportunity for hotel operators,” IWG of The Americas CEO&nbsp;<a href="https://ca.linkedin.com/in/wayne-berger-174a3a5?utm_source=1851franchise.com&utm_medium=article&utm_campaign=how-hotels-use-regus-to-convert-empty-conference-space-into-flexible-workspace-2721692" target="_blank" rel="nofollow">Wayne Berger</a> said. “There's a lot of empty space in hotels now, and flex space presents an opportunity to generate revenue from that dead space, activating what is traditionally old, underutilized spaces into functional flexible workplace environments.”Business travel is the lifeblood of the hotel industry, and in the wake of the pandemic and with the rise of hybrid and remote work, business travel will likely never be the same. According to the American Hotel &amp; Lodging Association, in 2019, before the pandemic, business travelers&nbsp;<a href="https://www.ahla.com/press-release/report-hotels-continue-moving-toward-recovery-2022?utm_source=1851franchise.com&utm_medium=article&utm_campaign=how-hotels-use-regus-to-convert-empty-conference-space-into-flexible-workspace-2721692" target="_blank" rel="nofollow">made up 52.5%</a> of all hotel industry room revenue.&nbsp;Now, a recent&nbsp;<a href="https://www.ahla.com/press-release/report-hotels-projected-end-2022-down-20-billion-business-travel-revenue-nearly-25?utm_source=1851franchise.com&utm_medium=article&utm_campaign=how-hotels-use-regus-to-convert-empty-conference-space-into-flexible-workspace-2721692" target="_blank" rel="nofollow">report</a> says that hotels are projected to end 2022 down $20 billion in business travel revenue — 23% below pre-pandemic levels — after losing&nbsp;<a href="https://www.ahla.com/press-release/report-hotels-projected-end-2021-down-59-billion-business-travel-revenue?utm_source=1851franchise.com&utm_medium=article&utm_campaign=how-hotels-use-regus-to-convert-empty-conference-space-into-flexible-workspace-2721692" target="_blank" rel="nofollow">an estimated $108 billion</a> in business travel revenue during 2020 and 2021 combined.Add to these trends the fact that technology continues to allow us to connect virtually more effectively and that, according to a Deloitte Corporate Travel Survey,&nbsp;<a href="https://www2.deloitte.com/us/en/insights/focus/transportation/future-of-business-travel-post-covid/_jcr_content/root/responsivegrid_380572564/advanced_image4.coreimg.95.800.png/1628700191673/7303-figure6.png?utm_source=1851franchise.com&utm_medium=article&utm_campaign=how-hotels-use-regus-to-convert-empty-conference-space-into-flexible-workspace-2721692" target="_blank" rel="nofollow">50% of companies</a> are optimizing their business travel policies to decrease their environmental impact, and hotels could be waiting on a business travel rebound that may never come.<a href="https://www.regus.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=how-hotels-use-regus-to-convert-empty-conference-space-into-flexible-workspace-2721692" target="_blank" rel="nofollow">Regus</a>, the first brand under IWG, provides a solution for hotels hurt by these shifts in business travel and the industry at large.&nbsp;A clear leader in the flexible workplace industry, Regus offers thousands of full-service, private offices in the most convenient locations, with workspaces that can be customized and personalized with full amenities and flexible layouts. The brand provides customers with professional reception staff, flexible membership terms and access to a global network of professionals in a range of industries, giving hotel concepts access to a new customer base.According to Berger, there are already a number of similarities between how hotels and flex spaces operate that make the conversion to flexible workspaces seamless. They both have reasonably transitional client bases — the same way a hotel guest stays for a short time rather than long-term, IWG tenants are shorter-term compared to the typically lengthy commercial leases. And, like a hotel, clients use IWG spaces as amenities to provide hospitality in a commercial setting.“The similarities make flex space quite attractive to a group that invests in and operates hotels,” said Berger. “Nobody sleeps in their offices, the hours are quite finite, and we have centralized operations — technology, amenities, accessibility to offices and meeting rooms. All you really need to operate is a small, select staffing group that's there to meet and greet clients. It’s a familiar model that hotel operators can really take advantage of.”The biggest key, however, is the space. Hotels typically have large, often outdated conference centers and meeting rooms reserved for business travelers, conventions and other events that simply aren’t as frequent as they once were. Converting this into a flexible workspace has a number of advantages, including appealing to a customer base outside travelers alone.&nbsp;“There's a lot of empty space in hotels now,” said Berger. “By creating and deploying flex space, hotels now have an opportunity to shift their lobbies and those conference or meeting rooms to actually bring in the local business community versus the traveling businessperson. Where there's a hotel, there are normally restaurants, cafes and everything else nearby, often within the hotel itself. This is not just an opportunity to activate what is traditionally just old, dead space into functional, revenue-generating flexible workspace, but also to attract a new client and supplement other revenue streams.”Less than 4% of all commercial office space is currently utilized as flexible workspace.&nbsp;<a href="https://www.us.jll.com/content/dam/jll-com/documents/pdf/articles/covid-19-and-flexible-space-report.pdf?utm_source=1851franchise.com&utm_medium=article&utm_campaign=how-hotels-use-regus-to-convert-empty-conference-space-into-flexible-workspace-2721692" target="_blank" rel="nofollow">According to Jones Lang LaSalle (JLL)</a><a href="https://milehighcre.com/jll-predicts-30-of-office-space-will-be-flexible-by-2030/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=how-hotels-use-regus-to-convert-empty-conference-space-into-flexible-workspace-2721692" target="_blank" rel="nofollow">,</a> that will rise to 30% by 2030, while the global&nbsp;flexible workspace industry is projected to&nbsp;<a href="https://www.businesswire.com/news/home/20210604005309/en/Coworking-Space-Global-Market-Report-2021-COVID-19-Growth-and-Change-to-2030---ResearchAndMarkets.com?utm_source=1851franchise.com&utm_medium=article&utm_campaign=how-hotels-use-regus-to-convert-empty-conference-space-into-flexible-workspace-2721692" target="_blank" rel="nofollow">nearly double in size</a>, from $7.97 billion to $13.03 billion, by 2025.As the demand for flexible workspace continues to increase, IWG is currently seeking building owners, and both institutional and individual investors in key markets across North America. With already more than 1,200 locations in North America — 1,050 in the U.S. —&nbsp; IWG’s ultimate goal is to surpass 10,000 locations, and it plans to accomplish this by adding 1,000 locations each year.“What we're seeing is this complete Renaissance amongst workers and companies,” said Berger. “Driving 1,000 locations each year is purely to be able to meet the demand.”Learn more at&nbsp;<a href="https://www.iwgplc.com/en-gb/develop-a-location?utm_source=1851franchise.com&utm_medium=article&utm_campaign=how-hotels-use-regus-to-convert-empty-conference-space-into-flexible-workspace-2721692" target="_blank" rel="nofollow">https://www.iwgplc.com/en-gb/develop-a-location</a>.

How Hotels Use Regus to Convert Empty Conference Space Into Flexible Workspace

1851 Franchise

Feeling the effects of lagging business travel, hotels are turning to Regus to reimagine their businesses by converting empty conference space into usable, revenue-generating flexible workspace.

This brand page has been paid for by 1851. Content within this page that is paid will showcase a Sponsored icon. This means the brand has engaged 1851 FRANCHISE to write the content. Content without the Sponsored Icon is aggregated media placements the brand earned. Questions can be sent to editorial@1851franchise.com

how-hotels-use-regus-to-convert-empty-conference-space-into-flexible-workspace

Famous Dave's

Famous Dave's - BBQ Holdings - What Now Atlanta Agg - December 2024 - 1851 Franchise

What Now Atlanta: Local Doctor Bringing Famous Dave’s to Metro Atlanta

what-now-atlanta-local-doctor-bringing-famous-daves-to-metro-atlanta

CHOP5

CHOP5’s Full Bellies Program: A Commitment to Community and Healthy Eating

chop5s-full-bellies-program-a-commitment-to-community-and-healthy-eating

Fitness Premier

Fitness Premier 24/7 Clubs Poised To Address 2025 Fitness Demand Trends

fitness-premier-247-clubs-poised-to-address-2025-fitness-demand-trends

The Brass Tap

Raleigh Magazine: The Brass Tap Opens First North Carolina Location

raleigh-magazine-the-brass-tap-opens-first-north-carolina-location

Minuteman Press International

Minuteman Press franchise, Crown Point, IN: Matt Glaros (Business Partner) & Jeffrey Meyers (Owner).

Minuteman Press Franchise Owner Jeffrey Meyers Talks First-Year Growth

minuteman-press-franchise-owner-jeffrey-meyers-talks-first-year-growth

Buying a Franchise Masterclass

 Franchise Opportunities

Get Support Buying a Franchise

How to Buy a Franchise White Paper

How to Buy a Franchise

How to Sell Franchises

How to Grow a Franchise

Find a Franchise Supplier

1851 Franchise Opportunities

Franchisor News

Franchisor Power Rankings

FranCamp Mastermind Summit

Franchise Resources

What ALEC-Laffer's Report Means for Franchising

Website Awards

Power Rankings

About 1851

Advertise on 1851

Contact 1851 Editorial

Terms of Use

Login

facebook

instagram

twitter

linkedin

youtube

Economic Indicators to Watch: CPI, PPI and Jobless Claims Insights for Franchisors and Franchisees

economic-indicators-to-watch-cpi-ppi-and-jobless-claims-insights-for-franchisors-and-franchisees

Global Plastic Pollution Treaty Talks Stall, but Franchises Can Still Act

global-plastic-pollution-treaty-talks-stall-but-franchises-can-still-act

California Restaurant Minimum Wage Hike - 1851 Franchise News Agg

California Restaurants Struggle with $20 Minimum Wage Hike

california-restaurants-struggle-with-20-minimum-wage-hike

McDonald’s Launches New McValue Platform Nationwide in 2025

mcdonalds-launches-new-mcvalue-platform-nationwide-in-2025

Subway CEO John Chidsey Announces Retirement After Five-Year Tenure

subway-ceo-john-chidsey-announces-retirement-after-five-year-tenure

Jeff Brazier Drives Kiddie Academy’s Growth with Strategic Leadership and Franchisee Support

jeff-brazier-drives-kiddie-academys-growth-with-strategic-leadership-and-franchisee-support

Franchise Deep Dive: Your Pie Franchise Costs, Fees, Profit and Data

franchise-deep-dive-your-pie-franchise-costs-fees-profit-and-data

Michael Peterson Shares How P3 Cost Analysts Stands Out with a Scalable, Low-Investment Franchise Model

michael-peterson-shares-how-p3-cost-analysts-stands-out-with-a-scalable-low-investment-franchise-model

Franchise Deep Dive: Cousins Maine Lobster Franchise Costs, Fees, Profit and Data

franchise-deep-dive-cousins-maine-lobster-franchise-costs-fees-profit-and-data

McDonald's Veterans Bring BIGGBY® COFFEE to Portage, Indiana, with a Drive-Thru-Only Experience

mcdonalds-veterans-bring-biggby-coffee-to-portage-indiana-with-a-drive-thru-only-experience

How to Get Your Kids Involved in Your Franchise Business - 1851 Franchise

How To Get Your Kids Involved in Your Franchise Business

how-to-get-your-kids-involved-in-your-franchise-business

Why This Franchisee Moved from Mexico City to San Antonio to Open Right at Home 

why-this-franchisee-moved-from-mexico-city-to-san-antonio-to-open-right-at-home

Bobby Mascia - Green Ridge Wealth Planning - Succession Plan for Family Franchise - 1851 Franchise

How Hotels Use Regus to Convert Empty Conference Space Into Flexible Workspace

MORE STORIES LIKE THIS