Corporate housing

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"Corporate housing is a term in the travel industry meaning renting out a furnished apartment, condo, or house on a temporary basis to individuals, military personnel, or corporations as an alternative to a traditional hotel or an extended hotel stay. According to Corporate Housing Providers Association (CHPA), the industry's trade organization, corporate housing revenue was $2.36 billion in 2009 and $2.47 in 2010. The corporate housing industry has been a significant growth segment of the lodging industry for the past 20 years. As of 2015, the revenue generated by the industry reached $2.93 billion in the US, after a 7% increase over 2014, with an average stay of 84 nights.[1]

Corporate housing and extended stay hotels are two different types of accommodations.

Corporate housing typically offers larger square footage, costs less than hotels, offers full customer service, and is used for stays averaging one month or more (the average corporate housing stay is 83 days, according to the 2011 Highlands Group Corporate Housing report; more than 100 days for Managed Corporate Housing Companies and 13% of CHBO property owners report their properties were rented for a year or longer, according to the 2012 “by Owner” Annual Report).

Corporate housing provides complete temporary housing solutions within a stable residential setting unlike extended stay hotels, which are surrounded by an open parking lot and are filled entirely by transient guests.

The apartment units managed by corporate housing companies are furnished and the corporate housing companies rotate clients in and out of the furnished apartments and clean them between guests."


Search

Browse through our extensive list of fully furnished rental throughout the world to meet your requirements. Most properties are turnkey with everything setup for a short or long term stay. Our search feature allows you to view all the details about a property including beautiful photos. You can also let us know what you are looking for and CHBO will help locate a property.


Book

Connect with property owners and property managers to determine if your dates are available. Once you find a match, book the property directly with the person managing the property with no fees from CHBO.



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Now its time to travel to your temporary destination. CHBO members will help you feel at home during your temporary stay. 

 

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