IWG, the world’s largest hybrid workspace platform, operates in more than 120 countries through workspace, professional services and digital brands including Regus, Spaces, HQ, Signature and Instant Offices. The group released its trading statement for the three months ended March 31, 2026.
System-wide revenue reached USD 1.166 billion in the first quarter, representing 9% year-on-year growth. Group revenue increased by 4% to USD 958 million. The company-owned business returned to revenue growth, with revenue up 2% year-on-year and revenue per available room, or RevPAR, rising by 6%.
The company also continued to expand its global network at a faster pace than a year earlier. IWG signed 382 new locations in the first quarter of 2026, compared with 224 in Q1 2025. It opened 222 locations during the period, up from 165 in the same quarter last year.
The Managed & Franchised division remained a key growth driver. Fee income in the business reached USD 39 million, up 70% year-on-year. Recurring managed fee income also continued to rise strongly, reflecting the increasing maturity of locations signed and opened in earlier periods.
IWG said capital returns to shareholders are progressing in line with its strategy, with USD 75 million returned so far in 2026.
“I am delighted with our strong start to 2026 as we continue the rapid growth of our network supported by increasing sales despite the challenging economic backdrop. Potential customers are requiring more flexibility in their Real Estate strategy to address the uncertainty arising from the impact of conflicts and the growing influence of AI. This is resulting in record levels of Enterprise customer enquiries as our coverage and network enable us to provide unique, flexible, global solutions.
“Signings and openings continue to grow, allowing the flywheel of our business model to deliver greater cashflow while requiring less capital to grow than historically. This combination has enabled a return of over USD 230 mln to shareholders since our Investor Day in New York in December 2023 as we continue our journey of capital returns,” said Mark Dixon, CEO of IWG plc.
Hungary remains an established market within IWG’s international network, with all of the company’s main brands represented locally. IWG currently operates 23 active office locations in Hungary, including 19 in Budapest and four in regional cities: two in Debrecen, one in Szeged and one in Miskolc.
The local portfolio includes 19 Regus locations, two Spaces locations, one HQ location and one Signature location.
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