Boston, USA

Boston, USA

Time Out opens a new market in the US

The London-headquartered media and entertainment business has opened a new site in Boston, Massachusetts.

The Time Out Group is set to open a new Time Out Market in Boston, with planning for the site already secured.

Following the success of the group’s flagship market in Lisbon, which opened in 2014, this marks the second confirmed Time Out Market in the US, with a market set to open in Miami in 2018.

In 2016, the Lisbon market reported strong year-on-year revenue growth of 115% and a record 3.1 million visitors.

Julio Bruno, CEO of Time Out Group plc, said: "Opening new Time Out Markets is a core part of our growth strategy and adding Boston to our portfolio is another great milestone.

“We have found a unique location that has been at the heart of the city since 1929; this is a vibrant neighbourhood and a very dynamic community that some of the most innovative companies call home. Time Out Market Boston will be our second location in the US where we continue to grow our brand.

"Our first Time Out Market in Lisbon is going from strength to strength since it opened in 2014, as the world's first food and cultural market based wholly on editorial curation.

“It is a profitable business with an excellent performance and we are proud that it is loved by millions.

“We can't wait for people in Boston and visitors to the city to get to enjoy their very own Time Out Market."

With a focus on supporting local businesses, a close connection with the city is at the heart of the Time Out Market philosophy.

As with its existing location in Lisbon, it is expected that the Boston site will bring significant employment and broader benefits to the area.