By Brook Furniture Rental – https://www.bfr.com
When we think of business travel we traditionally think of hotel accommodations, but this mainstay is being challenged by the emerging growth of the corporate housing industry.
In 2017, the corporate travel market saw a steady growth across a variety of metrics. Per the Corporate Housing Providers Association (CHPA) 2017 Industry Report, total revenues grew to 3.2 billion, an increase of 10.2% from 2015 and the number of available U.S. rentals rose to nearly 67,000.
The significant advantages of corporate housing coupled with increased availability are driving more and more companies to choose furnished apartments as a better option for their employees.
One of the biggest advantages of corporate housing is the amount of living space compared to a hotel room. For business travelers who are only staying a few days, a hotel is a convenient solution, but for extended stays, a furnished apartment is a better alternative providing all the comforts of home.
The average rates for many furnished apartments are 30%-50% less than most upscale hotels.
The numbers speak for themselves. The average rates for many furnished apartments are 30%-50% less than most upscale hotels. As corporate travel increases, companies are looking for more cost-effective alternatives while at the same time offering their employees higher level accommodations to be able to work as well as relax.
Furnished corporate apartments are designed to offer all the comforts of home with an equipped kitchen, laundry facilities, business centers as well as high-tech amenities. Having the option to prepare your own meals is not only healthier but an additional cost savings during long-term stays. Most apartment communities also offer many resort-style features such as a pool, exercise room, media room and even dog parks.
Crowded hallways, elevators combined with thin walls and noise can be a deterrent for any business traveler who is trying to work or just wind down from a long day. Corporate housing communities offer a relaxed, comfortable and private experience.
Corporate housing means a beautifully designed living space with comfortable furniture.
Looking at hotel furniture for 30 days or more is enough to upset even the most resilient guest. Corporate housing means a beautifully designed living space with comfortable furniture where one can work or just relax and have supper at their own dining room table.
Though the CHPA reports that relocation, training and projects are the primary reasons for corporate housing stays, the fourth largest category now belongs to internship. However, the diverse offering combined with the cost savings of furnished housing has expanded to many other professional verticals as well as non-business travel such as home renovation, medical visits, community guest suites as well as tourism.
Brook Furniture Rental works with many corporate housing providers offering a wide selection of high quality, stylish furniture for apartments, short-term rentals as well as guest suites.
Visit our website https://www.bfr.com or contact us at 877.285.7368 to speak to one of our professionals.