Corporate housing can feel like home

What is corporate housing? Do you need to stay in a corporate home? Corporate housing is often available in furnished apartments or condos that companies and individuals rent for a longer period (extended stay) or for a short period. Stays can vary from a few weeks to months. If a business sends a staff member out of town on an assignment that is expected to last more than a few days, the business will often consider corporate housing options for two reasons:

Reason # 1: cost savings

Reason n. # 2: provide the employee with a homelike environment

Cost savings and short-term rentals

With a short-term rental, such a furnished condo is usually a good option for businesses. Maybe you have a team that travels to another city and stays for more than a few days. Having the team share an apartment could be substantially lower than paying for individual hotel rooms. Staff members can carpool together, which also saves on travel costs. Providing corporate accommodation could also be a better incentive for the employee rather than staying at a hotel. Not only are there nice amenities in this type of environment, but another benefit is that employees can do their own laundry, cook, etc. Sometimes employees need to bring their families with them when it comes to an extended stay business trip, and in this case, a corporate department is almost a must.

A homely environment

Hotels can be nice when you first arrive in a new city, but they will lose their shine after a few days of living in tight spaces and eating food in restaurants. If your staff members are in a homelike environment, this will be more desirable to them than hotel rooms and will also increase the chances of productivity. A happy employee is generally much more productive. Corporate suites are generally well-equipped for productivity with excellent tech prep and adequate workspaces (compared to a small hotel room desk in an already tight space, for example)

Travel optimization

There are also benefits to a business beyond costs. Some corporate housing companies offer consolidated billing and other benefits, making it easy to reconcile and reduce or even eliminate expense reporting problems for employees. Lining up with a good short-term rental company could help you meet your needs as they arise.

Whether you are an employee looking for a potential period away from home or an employer looking to optimize corporate travel and accommodation, there are companies in major cities that will take care of your corporate short- or long-term furnished accommodation needs.