2020
CASE STUDY
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Increasing the number of resident companies in coworking
  • To find a way to increase revenue to sustain all existing locations.

  • To increase the number of larger-sized resident companies (100-500 employees) to rent space in the coworking as an alternative to a traditional office.

  • To raise the desk utilization to at least 85% monthly.
  • To provide more flexibility to resident companies


London, United Kingdom
Founded in 2015 (970 work desks)
THE CHALLENGES
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The British network of coworking spaces with headquarters in London and locations in London, Liverpool, and Manchester, has lost part of his residents. With over 970 desks at its disposal, the coworking space has received 60% of downtime across the country. The management was looking for a solution to make more larger-sized companies switch to flexible work to increase desk utilization in their locations.
HAVE A SIMILAR CHALLENGE?

After signing the partnership agreement with stayhome.ai the coworking space introduced new pricing plan for larger-sized companies, where a company could receive a virtually unlimited number of memberships with fixed number of workspaces (desks) at marked-up price per desk. The companies used stayhome.ai platform to manage employees' work modes and make sure that the number of employees working in the coworking space did not exceed the number of allocated desks.
THE RESULT

is the revenue premium over the regular price per workplace (desk) the coworking operator was able to secure by partnering with stayhome.ai.



is the average desk utilization made possible by the fact that residents could overbook desks and automatically allocate an unlimited number of employees to a limited number of work desks in a coworking space.


86,2%
27%
"We value stayhome.ai as a reliable solution partner who helped us not only to attract new resident companies but also to increase the bottom-line revenue from our existing locations without additional investment cost. Thank you for your cooperation!"

Charlie E., COO


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stayhome.ai
contact@stayhome.ai
+1 (415) 890 2102
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