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Robust Lead Management with TEB Cloud Automation Tool

London, United Kingdom: TEBillion just launched a new advanced feature for its advanced automation tool giving users a more robust and efficient lead management process within businesses.

TEBillion with its flagship offering the TEB Cloud, is what’s helping businesses around the world achieve business goals and success powered by the use of intelligent automation that allows its users to get ahead of challenges within their customer relationship management processes. Now the brainy software suite has another addition of an advanced feature that gives businesses the benefit of better lead management.

This update by TEB highlights a coordinated and detailed analysis of a business’s lead management. A complete and accurate level of segregation within leads is shown within the system resulting in business managers and executives have a coordinated and detailed analysis of how its lead management is affecting the health of the business.

As to the accurate segregation of leads within the system, it means specifically showing lead assignment, qualifications, and owners. The system will show who the leads are most assigned to, leads that are best qualified, and accurate lead count that will automatically generate intelligent insights and analysis that will help businesses plan for their next business strategy.

The update is already available within the TEB Cloud and is now being used by TEBillion large network of customers and partner network.

For more information about TEBillion and its products, contact:
Email: pr@tebillion.email
Website: www.tebillion.com

About TEBillion: TEBillion is a business automation software solutions company headquartered in the UK. Born in 2018, TEBillion aims to make high growth businesses successful with over a hundred handpicked partners serving customers, worldwide.

India’s flexible space market to cross 50 million sq. ft. by 2023: JLL

India’s flexible space market to cross 50 million sq. ft. by 2023: JLL

Optimism remains for the future of flexible workspaces

 

  • Bengaluru and Delhi NCR together account for more than 50% of India’s flex stock
  • Hyderabad and Pune among the fastest-growing flex markets
  • Current market penetration of flexible workspaces in total office space stands at 3.0%; expected to move to 4.2% by 2023

 

JLL today launched a report titled JLL’s Reimagine Flexspaces A 360⁰ viewwhich highlights that the current market penetration of flex spaces into India’s total office stock stands at 3.0%. The country is expected to witness deeper penetration, throughout 2021 and beyond, the flex space market is forecast to grow at a slower pace and more organically. Irrespective of several short-term disruptions and challenges, increased demand from large enterprises, will support the growth of the flex space market to more than 50 mn sq. ft. by 2023. It is anticipated that flexible space will grow by an average of around 15-20% per annum over the next three-to-four years, although this trajectory will not be linear.

Previously expected levels of new investment are unlikely to be seen, as operators look to solidify their existing operations and it is likely that certain operators will not be able to weather the storm.

“Flex space operators have changed the face of commercial real estate with their innovative offerings. This market is projected to grow at a steady pace throughout 2021 and beyond. Resultantly, the market penetration of flex spaces into total office space is likely to see a gradual increase from the current 3.0% to 4.2% by 2023. We expect this growth to continue, driven by demand, profitability and return-profile for investors, albeit at a slower pace resulting from the impact of COVID-19.” said Ramesh Nair, CEO & Country Head (India), JLL. “Technology is advancing at an exponential pace and will play a major role in the future of workplaces. In this era, operators that utilize technology to enable the creation of a safer and better work experience will have a competitive edge” he further added

 

As corporates return to the workplace, they are likely to further leverage flexible space to reduce capital expenditure and create cost savings, while allowing for split teams and de-densification requirements. Developments that initially drove the growth of the flex market, like the focus on utilizing workplaces to boost productivity and drive dynamic work cultures, enhance emphasis on employee health etc., will continue to influence the next phase in India.

“While the flex-space market more than tripled in the last 3 years, the momentum going ahead will be relatively slower. Players are likely to tread cautiously, and the overall market is expected to expand 1.5 times from the current size. At the same time, demand for flexible space is likely to remain resilient and we expect the size of the flex space market to cross 50 mn sq. ft. by 2023 led by increased demand from larger enterprises,” Dr Samantak Das, Chief Economist and Head of Research & REIS, JLL India.

At present, Bengaluru and Delhi NCR together account for more than 50% of the flex space stock in India, with Bengaluru housing around 10.6 mn sq. ft. of such spaces. Hyderabad with 4.5 mn sq. ft. and Mumbai with 4.3 mn sq. ft. of flex office stock follow. According to JLL, Hyderabad and Pune are currently among the fastest-growing markets in the country.

In the commercial real estate space, flex spaces have become synonymous with adaptability. As preferences evolve, a range of flexible space options have taken shape to suit changing business needs, including remote working. To respond to the current disruption, and to lay the groundwork to deal with what may be permanent changes for the industry, flex space operators have been agile and are recalibrating their business strategies. They are now laying a greater emphasis on profitability and evolving strategies to ensure stable occupancy levels in their flex space centres.

Large enterprises to drive demand

The densification trend that had emerged over the last decade will likely reverse with enterprises leaning on flexible office space to relax space density. Large enterprises might also look at splitting up their offices to reduce commute times and dependence on public transport. However, with expected economic uncertainty, companies will be hesitant to commit large capital to real estate.

In terms of strategy, leasing directly to a third-party flexible space operator is the most widely adopted model. A partnership model allows both landlords and operators to leverage each other’s strengths. There are several ways to implement a partnership, with revenue shares and management contracts being the most common. Under the revenue share option, both parties split the upside. In the case of a management contract, the operator gets a fixed payment, while the landlord assumes all the leasing risk and enjoys the upside. Despite the benefits of this approach, partnerships are relatively less common in India for now.

What the future holds

The entry of more than 300 flex space operators into the country helped commoditize the market. Prior to the pandemic, most of these operators were focused on attaining scale and capturing market share. However, the availability of capital, in the current scenario, will be a challenge. Players who have embarked on aggressive growth so far will find themselves strapped for capital. In such a scenario, the market is likely to witness consolidation activity driven by larger operators with financial wherewithal acquiring smaller ones.

Flexible workplaces will continue to be a major influence on the future direction of the Indian office market. There will be an even greater focus on providing customized office space solutions and demand for flexible space will not only return but increase, as occupiers embrace the core plus flex model more widely. Despite the massive disruption from the impact of COVID-19, the future of flexible workspaces will remain optimistic.

 

India’s hospitality industry witnesses decline of 52.8% in RevPAR during the first three quarters of 2020: JLL

India’s hospitality industry witnesses decline of 52.8% in RevPAR during the first three quarters of 2020: JLL

  • All key 11 markets in India reported a significant decline in RevPAR Performance in Q3 2020 Y-o-Y
  • Mumbai continues to be the RevPAR leader in absolute terms, despite the decline of RevPAR by 71.7% in Q3 2020 compared to Q3 2019
  • Bengaluru saw the sharpest decline in RevPAR in Q3 2020, with 88.1% decline compared to the same period in the previous year

India’s hospitality industry has witnessed decline of 52.8% in Revenue Per Available Room (RevPAR) during January to September (YTD Sept) 2020 over the same period last year due to the impact of Covid-19 pandemic, according to JLL’s Hotel Momentum India (HMI) Q3 2020, a quarterly hospitality sector monitor. Overall, in inventory volume, the brand signings declined by 19% in Q3 2020 over Q3 2019, however international operators signed a greater number of keys than domestic ones.

All key 11 markets in India reported a decrease in RevPAR Performance in Q3 2020 over the same period last year. Mumbai continues to be the RevPAR leader in absolute terms, despite the decline of RevPAR by 71.7% in Q3 2020 compared to Q3 2019 whereas Bengaluru saw the sharpest decline in RevPAR in Q3 2020, with 88.1% decline compared to the same period in the previous year.

According to the findings of HMI Q3 2020, international operators dominated signings over domestic operators with the ratio of 53:47 in terms of inventory volume. Demand in leisure destinations began seeing weekend occupancy spikes as the lockdown restrictions were further lifted in August.

Source: STR

Other cities such as Pune (86.2%), Kolkata (82.6%) and Goa (78.8%) also witnessed sharp declines in RevPAR.

“Investors are taking interest in exploring operational hotel opportunities both in business and in leisure locations. With the phased unlocking of the economy in the third quarter of 2020, we are witnessing gradual growth in demand particularly in leisure market with weekend occupancy spikes”, says Jaideep Dang, Managing Director, Hotels & Hospitality Group (India), JLL.

Total number of signings in Q3 of 2020 stood at 24 hotels comprising of 2,314 keys recording a decline of 19% compared to the same period last year. The Reserve Bank of India (RBI) has announced de-linking hotels from commercial real estate enabling hotels to seek capital loans from banks and ease out liquidity issues, especially for new hotel projects.

TEBillion Celebrates a Successful Channel Network PAN India with Exclusive Offer for Partners

London, United Kingdom: As TEBillion announces that it has successfully achieved a successful channel network across PAN India, the company is offering an exclusive promotional offer price for its partners.

While closely monitoring the current situation of the Coronavirus pandemic and its effect on the businesses of its customers and partners, TEBillion with its local presence in all Indian metros and tier-II cities across the country. TEBillion considers this a huge triumph for its partner network and in celebration of this milestone, TEBillion has put together a competitive offer for its existing customers and partners.

Businesses impacted during this difficult time can now leverage the maximum potential of intelligent automation as TEBillion offers a 50% discount off implementation and training when you buy two (2) user licenses of any variant. A free offer or 100% discount off implementation and training is also offered by TEBillion when buying five (5) user licenses of any variant.

TEBillion works together with its partner network in getting businesses back on track at the same time empowering growth and expansion while adapting to the new normal and meeting the challenges brought by COVID-19.

For more information on TEBillion’s products and services, contact:
pr@tebillion.email
https://www.tebillion.com/en/

About TEBillion: TEBillion is a business automation software solutions company headquartered in the UK. Born in 2018, TEBillion aims to make high growth businesses successful with over a hundred handpicked partners serving customers, worldwide.

TEBillion Announces Diwali Festival Promo for Existing Partners

London, United Kingdom: Although celebrations may look a little different this year, TEBillion will still celebrate Diwali by offering a special promotion to its existing partner network.
TEBillion acknowledges the love and trust its partners and customers are giving especially this time during the pandemic by giving a special offer exclusive to them. TEBillion believes that a strong relationship with partners is one of the founding pillars in accelerating business growth and the company is giving value to that by always making sure that its partners and customers are being taken care of, supported, and being given importance to.
To further fuel the festive spirit as India celebrates the Festival of Lights, existing customers may check with their local partner contacts to discuss the terms of the Diwali Festival discount offered by TEBillion. Exciting incentives and benefits await customers, as well as specially tailored bundles and features are highlighted.
TEBillion, cutting edge business automation solutions provider, does not limit its dedication on capitalising the maximum potential of intelligent automation. The company also dedicates itself to building thriving relationships with its partners and customers, sharing one goal in delivering globally competent solutions to achieve business success.
For more information about TEBillion and its products and services, contact:
Email: pr@tebillion.email
Website: www.tebillion.com/en/
About TEBillion: TEBillion is a business automation software solutions company headquartered in the UK. Born in 2018, TEBillion aims to make high growth businesses successful with over a hundred handpicked partners serving customers, worldwide.