UK Meeting Expectations? | PwC Reports
Specialised conference and training venues have been the height of fashion recently, especially with private equity firms, but with the competition heating up and the economy cooling down, what are the latest trends and outlook?
- The competition is getting hotter
Little change in the number of larger specialised training centres since we examined the sector in 2005; currently we highlight 61 centres with almost 6,600 bedrooms. But, beneath the surface the supply situation is far from static; a variety of new venues have opened around the UK and are competing hard for corporate custom:- Serviced office space providers such as Regus, eoffice and MWB Business Exchange
- New specialised training venue providers such as “wallacespace”
- New facilities at stadium and sports venues1
- International conference centre operator, Dolce also plans to re-enter the UK
- Hotels are fighting-back for specialised meetings.
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