Regus invests to meet soaring global demand for flexible workspace

Market leader to top 2,000 business centres by 2014

MALAYSIA, 21 September 2011 | Regus, the world’s largest provider of flexible workplaces, is set to make major investments to capitalise on the accelerating global trend toward flexible working. Research data from the last 18 months has shown remarkable strengthening in flexible work policies, not just in mature markets, but also in emerging economies.

Over the next three years Regus will invest to increase its global network by at least 75%, equating to over 800 additional business centres. The majority of growth will take place across the USA and emerging markets such as Brazil, China and India. This move will also take the company into an additional 30 new countries – those in the pipeline include Slovenia, Uruguay, Nepal and Madagascar. Even in the current market, Regus is experiencing record levels of enquiries and in its last set of financial reports documented an all-time occupancy high of 86.7%.

There is a wide-ranging body of research data evidencing the mainstream trend towards flexible working, and underpinning accelerating demand for flexible workspace, including:-
60% of businesses state that flexible working costs less than fixed office working, saving tens of thousands of dollars per employee per year
41% also say that flexible working increases staff productivity
80% of companies state that flexible working policies attract and retain skilled staff
60%of employees say flexible working creates a better work-life balance
25% of firms think business centres provide access to better communications technology
81% of all companies now offer part of their workforce some form of flexible working
Today there are over 1bn mobile workers, predicted to rise rapidly to 1.2bn by 2013

Mark Dixon, Regus CEO, says: “Demand for flexible workplaces is clearly burgeoning, the main driver of which is growing awareness of cost savings to be made by converting to flexible working, enabled by developments in cloud and ‘work anywhere’ technology. Looking at the research we have commissioned across the globe over the last 18 months, together with independent third party sources, it is clear that flexible, mobile working is the new normal.”

Regus customers include more than half of the Fortune 500 including Starbucks, Google, Accenture and GlaxoSmithKline. In the last three years its customer base has quadrupled to more than 900,000 as business people have embraced the multiple benefits of flexible working.