This article in Business Travel Executive Magazine references ASAP members House of Fisher, The Apartment Service, Oakwood Worldwide, WWStay, AKA Serviced Residences. It discusses the opportunity for travel managers to tap into the corporate housing sector, ie serviced apartments, aparthotels and other hybrid appellations, based on massive growth and existing successful usage by corporate bookers.
It references positive trends such as the increasing ease and flexibility of booking and using long-term housing, enhanced safety and security and substantial cost savings.
Safety and security have become top priorities for business travel managers, and serviced apartment operators say they have an edge over other alternatives to traditional hotels, such as homestay sites, when finding accommodation for business travellers seeking a ix of home-from-home comforts, latest technology and reliability.
There are over 800,000 corporate housing units worldwide, increased by 10.5% in the last twelve months, with revenues in the US alone of $2.93 billion in 2015 over 63,000 rental units. The average corporate housing stay in the US was 84 nights in 2015.extended-stay-article