WeWork is launching its own cafe and marketplace in New York’s Flatiron neighborhood under the company’s Made by We retail sector.
Regus confident in Philippines market
Regus Philippines country manager Lars Wittig believes that the company is expecting to continue its growth this year.
Wittig says that the company does not feel pressured by competition as the demand for coworking spaces continues to climb.
Regus is said to have opened the first coworking space in the Philippines in 1999, and have since opened 30 more facilities in the area.
Wittig said that Regus prioritizes how each space helps employees become more productive, and that is what sets them apart.
“We look at the way people work, productivity and preferences,” said Wittig. “I need to make the CEO happy and he is only happy if both his HR director and his finance director are happy. It has to make sense on the bottom line and it has to make sense for the people so that the people will become more productive.”
Recently, competitors such as WeWork have entered the Philippines coworking market. Wittig believes that such competition won’t bring anything new to the market. Therefore, Regus’ current massive network will have the upper hand.
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