Advantages of Corporate Housing Over Extended Stay Hotels
When executives are sent by their corporations on long business trips they must relocate for several weeks to several months, usually to a major city. Traditionally, the companies have made arrangements with extended stay hotels at rates reserved for corporations. Some examples of upscale extended stay hotels chains are Hilton's Homewood Suites, Marriott's Residence Inn, and Intercontinental's Staybridge Suites. Like all hotels there is no choice in the style of the unit or the furnishings so the guests must adapt to the environment.
The advent of the corporate housing industry in the mid-nineties made a variety of units available for the traveler. The corporate housing industry involves renting out vacant apartments, houses, lofts, and condos when the unit owners listing them are either landlords, property management firms, or individual owners who do not occupy the suites for part of the year (or at all). Besides variety, there are many other reasons that a guest might choose the corporate housing: the cost is about 20% less than extended stay hotels on average, there is more privacy, and there are more locations available in urban downtown areas.
Last Updated (Tuesday, 25 May 2010 13:18)
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