etc.venues to open third New York City venue since early 2020

Provider of urban non-residential event venues, UK-based etc.venues is to open a third meetings and events venue in New York City at 810 Seventh Avenue, extending its portfolio in the city up to 30 meeting and event spaces and 9,290sqm. When the 810 Seventh Avenue venue opens for business later this year, etc.venues’ offer will include an extra seven meeting spaces across two floors, 22nd & 23rd, with the largest room able to accommodate up to 140 theatre style. With this latest strategic expansion in West Midtown Manhattan, following the opening of venues at 360 Madison Avenue (45th Street) in March 2020 and 601 Lexington Avenue (53rd Street) in June 2021, etc.venues will have established three major venues in the city since business events restarted post pandemic. 810 Seventh Avenue is located between Times Square, the Plaza District, Columbus Circle and Central Park. etc venues says it has seen a consistently strong demand for space since November 2021, particularly since staff started working in offices more often. The experience of etc.venues this year is consistent with the view of Allied Market Research which, in a report on the US corporate events market in 2020 estimated to reach $510.9bn by 2030. Nick Hoare, chief operating officer of etc.venues says: “The success of our two existing NYC properties plus a healthy sales pipeline supports our planned further expansion at 810 Seventh Avenue. This is the first of what we expect to be several new openings in the next few years as we step up investment and recruitment in the US. We are confident that our growth plans will take the business close to $125m annual worldwide revenue next year.” NYC & Company president and CEO Fred Dixon adds: “New York City is back in a big, big way, with a busy events calendar this fall and beyond. As face-to-face meetings, conventions and events continue their comeback, delegates and meeting planners both are choosing NYC. They have a robust menu of world-class venues and experiences from which to choose and etc.venues’ newest location in the heart of Midtown is a welcome addition. It will undoubtedly prove to be a popular choice.” Etc.venues is backed by Gencom, a Miami based investment firm who have been supporting the management team in their rapid roll-out of the business in New York and into other leading US cities. In 2019 etc.venues provided event space for 84% of the UK’s FTSE 100 companies, hosting nearly one million delegates.