Hotel-Style Coworking Space Brands Lead the Way
The coworking revolution has been on the rise for several years now, and it’s showing no signs of slowing down. Hotel-style coworking space brands are leading the way in this regard, offering salary packaged workspace deals and technology-driven spaces that are here to stay in 2023 and beyond. With more employees returning to in-person work, flexible office spaces provide the perfect solution. We have been creating these workspaces for more than a decade now, with over 800 coworking spaces having shuttered over the past two years according to flexible workspace tracker Upsuite. Even some of the once-ubiquitous brands have had to close their doors due to changing market conditions.
Since 2010, demand for flexible office space has risen annually by 21%, with some predicting that there will be over 5 million coworkers worldwide by 2022. This trend is driven by companies shifting their operations to adapt to new technologies and shows no sign of slowing down anytime soon. As such, hotel-style coworking space brands are well positioned as they offer an attractive alternative for those looking for a comfortable yet productive working environment without breaking the bank or sacrificing convenience or quality of service.
What is Hotel-Style Coworking?
Hotel-style coworking is a type of workspace that offers the same amenities and services you'd find at a hotel, such as a concierge, private lounge, meeting spaces and even a bar or restaurant. The idea behind this type of coworking space is to provide an inviting atmosphere that encourages productivity and collaboration. Staff members are typically highly trained in understanding the needs of their members, ensuring everyone has what they need to get their work done.
Wojo Sites are standalone coworking centers with tens of thousands of square feet featuring communal bars, lounges and kitchens with shared workspaces for self-employed individuals or those working for separate companies. This type of collaborative work style is often referred to as “coworking” and provides an excellent opportunity for small businesses or independent workers to share office space.
Venture X offers its members boutique-style amenities with world-class hotel-like features such as private workspaces, minimal/bare bones options, shared space/subleased areas, lifestyle options, industry specific/specialized spaces and venture/accelerated meeting spaces. Additionally there are many decisions necessary when turning goals into reality; major hotel booking sites have been expanding into vacation rentals which can be beneficial when looking for the perfect workspace solution.
The Benefits of Hotel-Style Coworking
Hotel-style coworking spaces offer a range of benefits to those who use them. From providing a comfortable and inviting work environment, to offering salary packaged workspace deals that are more affordable than traditional office spaces, these technology-driven spaces are designed to help streamline processes and make working more efficient. This is great for entrepreneurs and remote workers who need to stay connected and productive.
Coworking is also beneficial for enterprises as it provides employees with access to an office environment in which they can focus on their work. Not only do these flexible working opportunities give workers access to tools, services, and facilities that they may not have at home or in a traditional office setting, but studies show that coworking can also increase productivity levels due to the positive atmosphere created by the amenities provided.
For remote jobs such as freelancing or part-time work, coworking spaces provide an ideal solution as they allow people to choose projects they care about while still having access to all the necessary resources needed for success. Additionally, people who use coworking spaces often find their work more meaningful due its collaborative nature which encourages creativity and innovation among coworkers.
Finally, one of the greatest advantages of hotel-style coworking is its flexibility; workers can choose between private or shared workspaces depending on their needs or requests while still having access to all the necessary amenities required for success in their chosen field. All this makes hotel-style coworking an attractive option for many entrepreneurs and remote workers looking for a comfortable yet productive workspace where they can stay connected with colleagues from around the world without breaking the bank!
The Future of Hotel-Style Coworking
The future of hotel-style coworking is looking bright. As the industry continues to grow, more advanced Technology and amenities are being added to the mix. This means that more people will be able to access high-quality workspaces, no matter their budget or location. Additionally, salary packaged workspace deals are becoming increasingly commonplace, as well as tech-driven spaces. Technology is also playing a major role in the growth of coworking spaces by making them much more efficient and user friendly.
The hospitality industry has been impacted significantly by the emergence of co-working spaces. Companies are now choosing flexible workspaces over traditional office space at an unprecedented rate, leading to an unstoppable growth in the industry according to Statista's research on coworking spaces worldwide. Hotels have taken notice and are looking for ways to capitalize on this trend by offering hotel-style coworking options for their guests and customers alike.
Lauro Ferroni from JLL believes that this could be a big opportunity for hotels: “Coworking is in high demand right now due its flexibility and convenience” he says “and hotels can benefit from this trend if they offer quality services”.
Conclusion
Hotel-style coworking space brands have become a major player in the coworking revolution. With salary packaged access and tech-driven spaces, these new trends are here to stay in 2023 and beyond. This is great news for entrepreneurs and remote workers, who will now have access to comfortable and inviting workspaces that are designed to foster productivity and collaboration. The future of hotel-style coworking looks bright, with experts predicting continued corporate growth, ripples from energy and Ukraine crises, sustainability initiatives, work-near-home options, growth via mobile commerce trends like the sharing economy – all of which will drive a growing demand for alternative flexible workspaces. Hotels are proving they can be the answer to cater to this demand. As we look ahead into 2023 and beyond it's clear that hotel-style coworking space brands will lead the way in providing innovative solutions for businesses looking for flexible workspace solutions.
