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Corporate housing is a vital part of our economy. A cost-effective alternative to hotels for people working or studying away from home for periods of 300 days or more.
But what exactly is corporate housing? Who uses corporate accommodation? Why is a corporate rental better than a hotel?
All these questions and more will be answered in this post!
What is corporate housing?
First let’s start with the big question. What exactly is corporate housing?
Corporate housing is a type of accommodation specifically designed for people working or studying away from home. They are usually fully furnished and equipped apartments, townhomes, homes or penthouses in central or residential locations.
All corporate housing will include all appliances, cutlery, crockery, bed linen, towels, cable or satellite TV, internet and everything else you need to begin living.
The idea is to provide a high quality space that’s safe, easy to get to and that requires zero effort on your part.
All you need to do is bring your suitcase. Everything else should be here waiting for you.
Locations will typically be apartment developments or gated developments that offer all the benefits you expect including pools, parking, fitness centers, business centers, social spaces and other features.
Who uses corporate accommodation?
Corporate rentals were originally designed for business travelers, hence the name. But more recently, we see nurses, doctors, executives, oil and gas workers, government contractors, construction crews, military and students staying in corporate housing.
For example, if your employer wants you to work away from home for any length of time, they would rent you a corporate apartment. If you were thinking of moving to a different office in a new city, you could use a corporate rental until you find your own.
Similarly, nurses and doctors on secondment or training, oil and gas workers needing temporary accommodation or government contractors fulfilling a temporary contract would also benefit from the convenience of turnkey accommodation.
We also provide corporate rentals for those who serve. Whether that’s secondment to a different base, extended training at another facility or extended temporary duty anywhere within the United States, a corporate rental can help.
While not exhaustive by any means, corporate accommodation is used by:
- Business travelers working away from their main office
- Doctors and nurses training or on temporary assignment in a different city
- Entertainers, actors, singers, bands performing a limited run away from home
- Oil, gas or construction workers fulfilling a temporary contract
- Consultants and other professionals in business
- Relocations for workers and private parties
- Government workers and contractors
- Tech industry professionals performing migrations or upgrades
- Finance and accounting professionals working offsite
- Students on short or specialist courses
- Military personnel on temporary reassignment
You get the idea. Anyone can use corporate accommodation if they have to stay away from home for any length of time.
We work with many insurance companies to provide cost-effective temporary accommodation to families and individuals who need a place to stay due to fire, construction work or natural disaster.
We also accommodate families relocating to a new part of the country. Being able to book long term with a predictable monthly cost that includes everything is a genuine benefit if you’re trying to find somewhere to live but don’t know how long it will take!
How is corporate housing better than a hotel?
There are a number of ways corporate housing is better than a hotel so we had better keep this concise!
Hotels are great and we don’t want to minimize their value but they are not designed for longer stays.
Want to go on vacation for a couple of weeks somewhere warm and sunny? A hotel is perfect.
Want to stay for longer or stay within a city but not by the airport? A hotel isn’t your best option.
A corporate apartment is.
Here are some of the many benefits of corporate accommodation compared to a hotel.
For stays of over 30 days, hotels can be very expensive. Even hotels at the budget end of the market soon become untenable when you’re looking at longer stays.
Plus, hotels nickel and dime you for everything they can, which just adds to the expense!
Corporate housing is fully inclusive. That means the price you see is the price you pay. That price will include TV, internet, bills, use of facilities and anything that’s going on within the development.
All you’ll need to buy is food and general basics for living.
Some corporate apartments can also include housekeeping, cleaning service and even grocery deliveries!
More space to call your own
This is kind of two benefits in one. A corporate apartment is exactly that, a full apartment with bedrooms, bathroom, living area, kitchen and perhaps a patio or balcony.
It will be much more spacious than your average hotel room and offer all the space you need to live.
It’s also your own space. You’ll have your own front door and your own space to live, relax, kick back and breathe a little.
Both of those things are significant advantages over a hotel room. Try staying in a hotel for something other than a vacation and see how long it is before the walls start closing in. It won’t be long if our own experience is anything to go by!
The next time you’re working or studying away from home for 30 days or more, don’t suffer an airport hotel or budget motel.
Rent a fully serviced corporate apartment in a location that suits, often for less than your hotel!