The Next Big Hotel Investment?

Today have higher standards. As a result, business visitors are increasingly seeking for safe and reliable meeting places. Meetings at the office are becoming increasingly rare as more people work from home.

They want a place to meet locals, exchange phone calls, and conduct private video chats and Zoom meetings.

For skilled workers needed after a pandemic, best coworking spaces, especially larger franchise brands like Venture X with sites across major cities, may be incredibly beneficial.

Surprisingly, hotels can play an important role in this circumstance.

Think hotels and coworking spaces are a perfect match?

We'd just returned from a huge hotel owners' convention. However, many hoteliers are unfamiliar with coworking spaces.

Our industry has fewer issues, a more stable and predictable clientele base, and a smaller team to employ and train. As a result, the coworking sector mitigates all of the industry's flaws while simultaneously improving its benefits.

The rise of the coworking business has sparked the interest of major hotel chains like Venture X, among others.

What the future holds for coworking spaces and hotels is unknown.

Premium coworking experiences may change the game for forward-thinking hotels that cater to business travellers.

The post-pandemic coworking model will have high-end fixtures, private locations for virtual meetings or phone calls, and ample conference-room space to complete transactions or conduct group trainings.

The world is altering as we travel for work around the world, but we're all getting back into the travel groove.

How does it work?

When visiting a hotel for business, business travellers want more than just a long table with USB charging ports.

And they don't want to do it from their hotel room. They want the same comforts and conveniences as they have at work or at home when they do group video meetings.

In fact, the coworking and hospitality businesses have refined several of these services.

The option is for hotel owners to open an independent coworking space (like a Venture X franchise) near their existing hotels, rather than try to incorporate some of those features into their existing hotels.

This benefits both the hotel and the coworking facility. To make things even easier, they already have a management infrastructure set up and have previous experience operating in a franchise network.

Remote working and business travel are here to stay.

Remote job isn't the same in 2019 as it was in 2018. It is no longer valid to send an email with the auto-reply "I am out of office and cannot access email". So we can join a virtual conference from wherever we are.

For high-end guests to conduct business conversations and virtual meetings while on the premises, luxury hotels must provide this.

Several hoteliers have contacted us to examine their current work situations and give suggestions for post-pandemic travellers (which coworking has done so well).

In order to work when needed and play when done, you'll need a specialised coworking space. Coworking space with hoteliers is an opportunity we can no longer ignore.

It becomes even more enticing to add a coworking space to one's property as a network of local entrepreneurs control franchise locations.

They no longer have to make due with tiny "business centres" with outdated technology, bad Wi-Fi, and ancient printers. By engaging with coworking companies, the hotel industry can help shape the future of work.

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