Regus Aims to Double Asia-Pacific Region Headcount in Two Years

Regus Plc, the world’s largest operator of serviced offices, plans to double its Asia-Pacific headcount to 2,000 in about two years as demand for workstations increases in the region.

Luxembourg-based Regus is recruiting about 50 to 60 people in the region every month, Filippo Sarti, the company’s chief executive officer for Asia-Pacific, said in an interview in Hong Kong today.

Regus and rivals including the Executive Centre are betting rising office rents in cities such as Hong Kong and Shanghai will lure more businesses to switch to serviced offices from traditional work spaces to cut cost. Using serviced offices, which include access to meeting rooms and telecommunications and administration support, helps businesses cut occupancy costs by an average 50 percent, according to Sarti.

Regus, which operates 140 centers in the region in countries including China, India and Australia, is aiming to grow the number to 500 “over a period of time,” said Sarti, declining to be more specific. Globally, the number of centers may reach 3,000 from the company’s current 1,100, he said.

The company’s Asia-Pacific business accounted for about a quarter of its operating profit in 2009. The company in August reported a 7.8 million-pound ($12.6 million) first-half loss for 2010 on restructuring charges.

To contact the reporters on this story: Kelvin Wong in Hong Kong at kwong40@bloomberg.net

To contact the editor responsible for this story: Andreea Papuc at apapuc1@bloomberg.net

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