What makes corporate housing so desirable are the many features and amenities that go above and beyond the traditional hotel experience. For instance, suites in corporate housing are built for long term stays, this means the rooms are comfortable, roomier and include features such as kitchens, microwave ovens, refrigerators, easy chairs, and home style furniture so that you can live and work in a home like environment while on the road.
Corporate housing suites remove the hotel atmosphere so that many travelers feel more comfortable and better rested. Corporate housing is a great solution for those that need to relocate; take part in extended corporate training classes, as well as temporary housing that is not corporate related. For those that stay in corporate housing the lifestyle is much different than that of a hotel. The emphasis is in the form of the living space and not on expensive luxury services such as high priced room service, office services or concierge services.
The extended stay market which includes corporate housing has been extremely popular in recent years, staying above the traditional occupancy rates weathering the dips and exceeding in occupancies during industry growth years.
For those looking for corporate housing solutions, you should know that there are usually three distinct sectors to the market, economy corporate housing, mid range corporate housing and the high end corporate housing sector. Compared to hotels and motels, corporate housing delivers a big bang for the buck. For instance, during the years 1998 and 2006, the average cost per day for corporate housing in the economy sector was just $33.67, for the mid range sector it was $63.24 and the high end average cost per day was $112.12 per night, compared to a hotel or motel, corporate housing truly delivers valuable living and work space for a small price.
There are many reasons to choose corporate housing over traditional lodging alternatives. For one, corporate housing is the ideal solution for associates and executives that require comfort to work and live without the unneeded distractions of life on the road, for corporations, corporate housing is an affordable solution that offers lots of value, practicality and a big bang for the buck and operators and owners of corporate housing properties enjoy higher levels of occupancy rates during both the upturns and downturns in the lodging industry.
For those looking for extended stay solutions, if you haven't looked into corporate housing, you might just be doing a disservice to both your associates and your budget.
Twenty years ago I realized that no - one was offering fully furnished Corporate Apartments for thirty days or more in the Puget Sound area - and Executive Residence Inc was born. To succeed in this marketplace I recognized that we must have a combination of Five Star service, unsurpassed technical skills, and expertise in all aspects of the hospitality industry - and for the next twenty years my team of hardworking and faithful employees maintained, and will continue to maintain our high standards for our valued clients. www.executiveresidence.com