Executives from several co-working firms have expressed their belief that the industry is ripe for major consolidation over the end of the day . Speaking at an industry event in D.C. , D.C. , WorkReady Suites said she expected in the future that a handful of major players would exist, all with something slightly different to offer. Anna Squires Levine of Industrious president Michael Burke predicted co-working would follow a similar path to the hospitality industry, with larger brands bringing a number of others under one umbrella, while Convene 's Michael Burke observed that scale was necessary to survive a downturn.
Executives from several co-working firms have expressed their belief that the industry is ripe for major consolidation over the next few years. Speaking at an industry event in Washington, D.C., Anna Squires Levine of Industrious said she expected in the future that a handful of major players would exist, all with something slightly different to offer. WorkReady Suites president Austin Flajser predicted co-working would follow a similar path to the hospitality industry, with larger brands bringing a number of others under one umbrella, while Convene's Michael Burke observed that scale was necessary to survive a downturn.