etc.venues to invest £20m in new event spaces
etc.venues, the conference, training and event venue specialists, has announced it will be investing a further £20m in new spaces globally in the coming year.
Three more venues will be added to the company’s portfolio, and a further £1m will be spent on developing online meeting technology.
In 2019, etc invested £15m, taking on two leases totalling 6968 sqm in New York, and added 20% more capacity in the UK, increasing its venue space by 5759 sqm. With this addition of 37 new meeting rooms in the UK, it now has 278 meeting rooms.
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 46452 sqm of dedicated meeting and event space.
Nick Hoare, Chief Operating Officer of etc.venues, said: “2019 was a remarkably successful year for the company.
“We increased our revenues by 20%, successfully delivered 19,000 events for an ever-growing list of clients including 84% of the FTSE 100, and hosted 965,000 delegates.
“The year ahead is very exciting. We’re investing a record £20m plus in development, and with more venues and rooms to offer, we’re expecting to host more than one million delegates at more than 20,000 events in 2020.
“2020 is going to be a year of outstanding landmark achievements for etc.venues.”