IWG signs 728 new locations globally in 1H2026, up 47% from a year ago
Universal flexible work space service provider International Workplace Group (IWG), whose brand names include Regus and Spaces, authorized 728 new locations worldwide in 1H2026, as demand for combination working proceeded to grow. This stood for a 47% increase from 496 signings in 1H2025.
IWG’s network has actually expanded to greater than 6,000 places around the world.
In July, IWG obtained French flexible-workspace provider Wojo from mutual shareholders Bouygues Immobilier and French hospitality team Accor. The acquisition included one more 186 areas to IWG’s network.
Earnings increased 11% y-o-y to US$ 2.4 billion ($3.05 billion) from US$ 2.2 billion in 1H2025, according to IWG’s interim report launched on Aug 11.
The agreement likewise establishes a lasting connection with Accor, developing possibilities for IWG to launch its flexible-workspace offerings at more resorts, according to the company.
“There is a significant chance ahead of us, and we’re thrilled to keep accelerating our development,” states Christian Schmitz, Chief Executive Officer of International Workplace Group.
At the end of 1H2026, IWG had 358,000 areas open, with a further 257,000 signed however yet to open. As soon as fully opened and mature, the added areas are expected to create more than US$ 2 billion in annual system-wide income.
The group also opened 425 new locations during the time period, increase from 338 a year earlier.
System-wide profits from managed and franchised locations expanded 36% y-o-y, while recurring monitoring fees enhanced 84% to US$ 35 million from US$ 19 million. Revenue from company-owned places climbed 5% to US$ 1.865 billion from US$ 1.77 billion.
IWG is additionally broadening deeper into suburban areas, smaller traveler towns and regional cities. The group approximates there are about 1.2 billion office workers internationally, representing a total addressable industry of more than US$ 2 trillion.
The US accounted for 187 of IWG’s brand-new signings, adhered to by the UK with 62, India with 45 and China with 42. Asia Pacific contributed 164, representing more than 20% of the team’s 728 new signings, amidst continued strong need for adaptable work options throughout the region.
Approximately 95% of its brand-new signings in 1H2026 were secured via its “capital-light managed alliance model”, that enables the group to expand its organization with minimal capital investment whilst prolonging its reach past primary metros into smaller communities and regional markets.
