Hyderabad: If you thought co-working spaces was all about having a few workstations with a coffee machine and free Wi-Fi, then the new-age facilities will make you think again. Co-working spaces are changing the way they function and are finding good companionship in five-star hotels and malls. Whether it is Awfis which has set up a centre in Taj Deccan in Banjara Hills or The Park, Somajiguda having multiple office spaces set up in their hotel, Hyderabad’s co-working space is moving with the changing trends.
“Co-working spaces in five-star hotels and malls provide an ecosystem to just the provider but also to the user. It has benefits like 24/7 operational facility, ample parking, entertainment, food and shopping areas. Along with this a five-star hotel also has the added advantage for business travelers in terms of stay. In addition, for service providers like ours, these spaces prove to be more efficient in the sense we don’t have to worry about security and maintenance,” says Monika Misra, co-founder, iKeva – a Hyderabad-based co-working infrastructure provider.
The company has one of its Mumbai co-working spaces set up in a mall which provides them with benefits like parking and other amenities. These kind of co-working spaces also prove beneficial for hotel and mall owners as they lead to revenue generation and also help in utilising space better. For the co-working space provider as well, the burden of maintaining the space is shifted and they can concentrate more on providing better amenities inside the space. Most of these spaces have also built-in conference rooms and meeting rooms along with access to food, entertainment and other amenities.
Hotels and Restaurants Association of Telangana, secretary general, Pradeep Kumar Dutt said, “This is a very positive trend as it helps not only the co-working space provider but also the hotels to increase their occupancy rate. So in that sense it is a dual benefit for both service providers – in this case co-working infrastructure providers – and space providers – which are hotels. With many five-star hotels not having business round-the-clock, this kind of provision helps them in having regular business.”