page_title: IWG plc
section_title: Operations, services, and competition
hierarchical_section_title: IWG plc / Operations, services, and competition
caption_attribution_description: English: Regus - Address: 3601 Hwy 7, Markham, ON L3R 0M3
context_page_description: IWG plc, formerly Regus, is a multinational provider of serviced offices, business lounges and conferencing facilities. Founded in Brussels, Belgium, in 1989, IWG is headquartered in Switzerland and incorporated in Jersey. It is listed on the London Stock Exchange as a constituent of the FTSE 250 Index
context_section_description: The company provides serviced offices, virtual offices, meeting rooms, and videoconferencing to clients on a contract basis. In the third quarter of 2018, it operated 3,348 locations in over 1,000 towns and cities across more than 120 countries, employing over 10,000 people, and providing services to over 2.5 million individual clients making it the world's largest provider of flexible workspace. The United States is currently IWG’s largest market. As of July 2018, IWG's occupancy rate was 75%. IWG brands include Regus, Spaces, HQ, Signature by Regus, and No18.
  IWG’s business strategy is focused on providing flexible workspaces as a service. One of the company's principal advantages is that their global network allows customers to coordinate office services across distant locations. 
  Integration services for corporations seating employees at IWG locations involve a diverse set of support operations, such as telecommunications, mail delivery, catering, meeting rooms, lockers, printers, photocopiers, and the like.
  IWG competes with WeWork in both the large serviced offices and rapidly expanding coworking sectors. WeWork has only a tenth of IWG's locations, but a steeper growth rate and an 82% occupancy rate, gained from attracting a greater number of large organizations as clientele by sustaining losses offset against large but dwindling venture capital investments. WeWork lost more than $4,300 per desk in 2017 while IWG earned a profit of about $500 per desk. WeWork's larger market capitalization valuation is based on its larger growth rate, but its expenses are projected to grow even faster — forcing it to withdraw from an initial public offering it had planned for 2019 — while IWG's solvency is seen by analysts as more certain, according to the Financial Times.
  Source: IWG plc Global Reporting Data
caption: Regus in Markham, Ontario
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