Corporate Housing
Corporate housing refers to fully furnished rental properties that serve business travelers, relocating employees, project-based workers, and other professionals who need temporary accommodation for extended periods, typically 30 days or more. These properties include all utilities, furnishings, housewares, and often Wi-Fi and parking, providing a turnkey living experience. Corporate housing commands premium rates compared to standard long-term leases and offers more predictable revenue than short-term vacation rentals, with significantly lower turnover and cleaning costs. The corporate housing market is driven by employee relocations, consulting assignments, insurance displacement, medical travel, and military moves. Property managers can diversify their portfolio by listing properties on corporate housing platforms alongside traditional OTAs, using a PMS like Hostaway to manage availability and bookings across all channels.
Frequently Asked Questions
How is corporate housing different from a regular vacation rental?
What is the typical length of a corporate housing stay?
How can property managers attract corporate housing clients?
Is corporate housing more profitable than short-term vacation rentals?
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