Corporate Housing Companies: 5 Facts You Need to Know
Many of us love to travel, but frown when thinking about the costs of hotel rooms. Even corporate travel is often limited and may send workers back and forth, rather than pay for weeks of hotel fees. If you’re faced with an extended vacation, visit, work trip, or are in the process of relocating, looking into corporate housing companies can save you hundreds over hotels.
What is Corporate Housing?
Corporate housing rentals are fully furnished condos, apartments, or houses rented out by individuals/companies for an extended period of time (generally a minimum of 30 days). In fact, over 30% of corporate housing renters enjoy these facilities when relocating, while approximately 20% are in corporate housing rentals due to business travel. These temporary housing solutions are becoming more and more common, and might be worth looking into for your next extended stay.
Here are five times corporate housing companies might save you more money than hotels:
1. Extended Vacations/Visits – If you’re going to be away from home for more than 30 days, corporate housing will ultimately save you the most amount of money. Not only will your wallet thank you, but you will likely feel much more at home in a furnished apartment or condo, rather than a hotel that continues to make you feel like a guest or outsider.
2. Traveling with a Group – If you’re out of town for business, you might be traveling with a group of people. Companies can save a lot of money on separate hotel rooms by opting for furnished corporate housing rentals instead. Not only is this good for business, but it keeps employees engaged with one another, and offers a sense of home and social interaction that they may miss while away.
3. Relocation Situations – If you’re moving to a new city or state, but still own a home in another place, commuting back and forth can be a nightmare. Likewise, if you are looking for a new home, corporate housing companies can help you find a comfortable temporary housing solution that will help you continue to finalize your moving plans.
4. Frequent Employee Travel – If you have employees constantly flying and driving to different branches, it may make sense to rent long term corporate housing for all of your employees to utilize. This way, you can take advantage of low corporate housing costs and offer your workers a more comfortable solution.
5. Remodeling/Home Repairs – You don’t have to travel out of town to have a need for corporate housing. If your home is currently undergoing a time-consuming remodel or being repaired, temporary housing can help you and your family continue to live your lives as normally as possible, until your home is ready for your return.
Temporary housing can be a fantastic way to spend your vacation in a cozier atmosphere, while saving money on boarding. Corporate housing companies can help you secure the type of housing you desire, inexpensively. The next time you consider taking any type of trip, think about whether corporate rentals are in your best interest.
