The hospitality industry is well-regarded with how it takes care of travelers. However, business travelers have different needs than tourists. The reality is the hospitality industry now has a new world opening up – travelers arrive at hotels for both business and the fun of tourism. Thanks to remote work, it’s easier than ever to schedule a vacation while getting the important work done while out of the office. This is why savvy executives in the hospitality industry look to coworking.
Hotels for Beds, Coworking for Desks
The business center at a hotel is now obsolete. Thanks to coworking, it’s easy to get everything needed in just one space. Furthermore, the business center’s equipment is one-size-fits-all unlike coworking, where members bring in their own equipment. Therefore, savvy hotel managers are looking at coworking spaces in their areas. They’re making inquiries about how they can develop a partnership so their business travelers get the most productive time while they enjoy their stay.
Similar Type of Business
Coworking is the “hotel for doing business.” The reality is members pay for their space, work in their space, and then go home. In the meantime, there are plenty of amenities to make their stay even easier. One is the concierge at a coworking space. These professionals understand what their members need and make things happen. Since hospitality executives are intimately familiar with this business model, it makes sense for them to invest in a business structured with such familiarity.
Incredible Growth Potential
Coworking as an industry continues to grow. Hotels are different – the hospitality industry doesn’t have the same ways to grow. They must offer different services and entice travelers with varying unique selling propositions. Coworking is different. It sells simply because coworking spaces fail to have the geographic footprint that hotels currently have. Therefore, investing in a coworking space or a brand is a wise decision because it diversifies income in a growing industry.
There are many things hospitality industry executives may learn when they visit a coworking space like Venture X. Schedule a tour today at your local Venture X franchise and start the journey to a new way of growing revenue.