Following strong growth in 2019, the conference, training and event venue specialists, etc.venues plans to invest a further GBP 20 million (USD 25.96 million) in new space in 2020 globally, adding three more venues to its portfolio. A further GBP 1 million (USD 1.30 million) will be spent on developing its online meeting technology.
“We’re expecting to host more than one million delegates at 20,000 plus events in 2020,” said Nick Hoare, chief operating officer of etc.venues. This expansion will maintain the tremendous momentum it generated during a successful year in 2019 when it expanded globally.
The company invested GBP 15 million (USD 19.47 million), taking on two leases totalling 75,000 square feet in New York, and adding 20% more capacity in the UK increasing its venue space by 62,000 square feet. With this addition of 37 new meeting rooms in the UK, it now has 278 meeting rooms, more than the major hotel chains, in London.
By the end of 2020 its portfolio will feature 20 venues in London, Birmingham, Manchester and New York offering more than 300 meetings rooms and over 500,000 square feet of dedicated meeting and event space.