Tuesday 23 July 2019

Going corporate... how the big companies have loosened the purse strings

Chris Martin and Gwyneth Paltrow
Chris Martin and Gwyneth Paltrow

Quintessentially is an international concierge service for wealthy globetrotters and millionaire celebrities such as Chris Martin and Gweneth Paltrow

Its Irish operation is headed up by Wayne Cronin. While there has been little rise in individual membership in this country, Cronin has found the corporate market to be buoyant once more. "Corporate entertainment is back on track. I'm not saying society will return to the heady days of conspicuous consumption, but confidence has returned to the high-end market and people are willing to spend on big-ticket luxury items again.

"We're also looking to expand our Irish operations for the second time this year in anticipation of a busy season ahead and a recent development is our new VIP Lounge at Shannon airport. On a global scale we have recently signed a deal with Ferrari, so the outlook is positive. There is definitely a rising tide in the area."

The manager of a well-known Dublin restaurant and club says the corporate market has picked up substantially.

"It had been very quiet for some years," he says. "However, over the past six months, that has changed– especially in Dublin.

"For businesses like ours, this market is absolutely vital, and it's a relief to see it back on track again.

"It shows that for some companies at least, the worst of the recession is well and truly over."

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