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Articles tagged “membership clubs”

News Blog

Soho House Parent Changes Name to, Surprise, Soho House & Co.

Membership Collective Group is best known for its Soho House upscale member’s clubs and hotels and for being unprofitable for decades. The London-based company wants to change both of those things, it said during a Wednesday earnings call. In a few weeks, it will change its name to Soho House & Co., and its executives said they have…

Sean O'Neill | 1 year ago

News Blog

Soho House Founder to Retire From CEO Role; Company Cutting Back Growth Ambitions

Nick Jones said on Wednesday that he would step down from being CEO of Membership Collective Group nearly three decades since he founded the original Soho House that eventually led to the creation of the public company and owner of the Soho House chain. Andrew Carnie, president of Membership Collective Group, will succeed Jones as…

Sean O'Neill | 1 year ago

News Blog

Hapi Travel Launches Subscription Service for the U.S. Market

Subscription travel platform Hapi Travel Destinations has launched in the U.S. More brands are building paid travel subscriptions, powered by shifts in traveler priorities and work-life flexibility, but Hapi Travel also wants to expand by offering "additional income in the new gig economy." A subsidiary of direct-sell specialist Sharing Services Global Corporation, it plans to…

Matthew Parsons | 2 years ago

News Blog

Soho House Parent Touts Waitlist and Retention Rates at Pre-Pandemic Level

The company behind Soho House remains on track to meet its forecasted membership targets while opening nine properties this year. Membership Collective Group, which runs 36 Soho House venues, said it had 142,250 members for Soho House. The company generated revenues of $243 million in the 13 weeks ending July 3. It has never made…

Sean O'Neill | 2 years ago

Business Travel

Tiny Bansko, Bulgaria, as a Proxy for Global Digital Nomads

Americans, Germans, Cypriots and Brits are descending on a small mountain town for the week-long Bansko Nomad Fest. Here's why.

Matthew Parsons | 2 years ago

Tiny Bansko, Bulgaria, as a Proxy for Global Digital Nomads

News Blog

Soho House Membership Revenues Keep Strong Growth

Membership Collective Group is best known for its Soho House member's clubs and being unprofitable for decades. The company reported earnings on Wednesday, continuing its unprofitable streak. But Soho house membership grew 17.6 percent to 130,919, year-over-year. The waiting list to join is at an all-time high. "Our promising revenue growth in the quarter was…

Sean O'Neill | 2 years ago

Hotels

Scotland’s Gleneagles Offers Subscription Model for 1st Expansion in 9 Decades

It's hard to look at Ennismore's chic new Gleneagles Townhouse, which puts equal weight on its members club as its hotel, without drawing a connection to how many travel brands have been testing the subscription model.

Sean O'Neill | 2 years ago

Scotland’s Gleneagles Offers Subscription Model for 1st Expansion in 9 Decades

News Blog

Soho House to Launch Digital Membership

Private membership club Soho House aims to debut a digital membership for people to get to network and otherwise get to know one another before meeting at one of its properties. Soho House founder Nick Jones confirmed that tidbit this week, according to Hospitality Insights. “Lots of businesses, friendships, relationships have been created by a…

Dennis Schaal | 2 years ago

Coronavirus

Soho House Owner Risks Cool Factor in Pursuit of Profitability

Membership Collective Group and its leading brand Soho House haven’t seen profitability since the first club opened more than 25 years ago. Opening more clubs at reduced costs can lead to profits, but that also risks diluting the exclusivity once associated with the brand.

Cameron Sperance | 2 years ago

Soho House Owner Risks Cool Factor in Pursuit of Profitability

Hotels

Soho House Parent Shrugs Off Annual Loss With Boast of Growth Plans

How long can Soho House owner Membership Collective Group keep losing money? More clubs and increased membership are one way to tell a growth story, but investors eventually want to see profitability.

Cameron Sperance | 2 years ago

Soho House Parent Shrugs Off Annual Loss With Boast of Growth Plans