17 Feb 2022

Workspace pioneer IWG reports record performance

IWG, the world’s largest workspace operator with a 30-year history of delivering the best flexible solutions, has reporteda record year since the company’s inception in Mainland China and around the world. This growth has been fuelled by the demand for flexible workspaces as more businesses have moved towards hybrid working models in the last few years, as well as IWG’s rapid expansion of offerings and services.

Entering the post-pandemic era, an increasing number of multinational companies have adapted to the trend of flexible work to help improve productivity and support employeeswork-life balance. In December 2021, IWG witnessed a sequential growth in occupancy since March 2021 and the highest ever demand in Q4 in the company’s 30-year history.The series of notable partnerships signed in 2021 included the likes of NTT (Nippon Telegraph and Telephone Corporation), who signed the biggest scale agreement with IWG to date, offering its 300,000 employees flexible work options and services worldwide; Standard Chartered, which now offers its 95,000 employees the option to work at IWG’s 3,500 flexible workspaces worldwide; and global tech giant Cisco who signed a deal for access to 3,500 flexspacesaround the world. Moreover, the average occupancy rate of IWG’s flexible workspaces in China achieved record growthin 2021, placing the company amongst the market’s best performing workspace operators.

Having witnessed China’s development over the past three decades, IWG continues to bring its global expertise to support the transformation of workplaces through an array of tailor-made offerings. In addition to its strong and signature management partnership model, IWG has further strengthened the promotion of its franchise offering, and the Group is looking to open centres under a new partnership model as well as strengthen its presence in more second and third tier cities.

Paving the way for flexible workplace transformation in China, IWG operates several flexible workspace brands including Regus, Spaces and HQ that have been introduced in 30 cities and regions across the country. Currently there are over 120 centres operating, each covering a wealth ofproducts and services that provide flexible, diversified and cost-effective workspace investment options.

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