The Executive Centre (TEC) has reported strong revenue growth in the first six months of 2020 across Asia Pacific, despite COVID-19.
The leading flexible office provider in the APAC market reported 5.3% year-on-year revenue growth to US$119.6 million for the first six months of 2020, mainly due to steady cash flow from existing clients. It also reported strong demand.
“We have seen stronger demand coming from MNCs and domestic corporates since April across the Greater Bay Area and South-East Asia which helped to drive sustainable revenue growth and profitability in the first half of the year,” said TEC Founder and CEO, Paul Salnikow.
Looking ahead to the rest of 2020, Salnikow added that TEC believes “more companies will have core and satellite offices, with some employees working closer to home.”