Business is global and this surge in business focused travel has directly impacted the hotel industry. But there are very few people who want to be in a hotel room for more than a few days – no matter how many stars the hotel has. That feeling of discomfort and restlessness directly lead to the growth of the corporate housing industry. Travelers feel more at home, even if they aren’t in their home. Here are 6 key differences between corporate housing apartments and extended-stay type hotels.
More Square footage
The average hotel room has less than 400 square feet, and depending on the size of the furniture, this could feel like much less. Many times there is not enough room to stretch out, entertain a guest, or even just get all your clothing put away. Many one bedroom corporate housings are double or triple this size!
Kitchens
Extended stay hotels may have a small kitchenette but limited space and missing kitchen utensils can make even cooking for one a challenge. Corporate apartments have full size, fully stocked kitchens included. Not only can travelers cook at their own convenience, they also cut down on food costs and more easily manage their food allergies or dietary preferences. Perfect for longer term stays!
Pets
Many hotels do not allow pets and even fewer allow more than one. Corporate housing providers are often more lenient. Just like when you rent an apartment, there is typically a pet fee or security deposit. Usually, this fee is lower than a fee a hotel might charge.
Separate bedrooms and bathrooms
Hotels, especially extended stay hotels, are set up like a studio apartment: one large room for living with maybe a half-height wall to divide the space. Not very appealing if you’re sharing with a roommate or just want the kitchen to be away from your sleeping space. Corporate apartments offer separate spaces for eating, sleeping, and relaxing.
Residential Setting
Typically hotels are located around high-traffic areas, such as airports or business districts, meaning that there is frequent turnover of guests. Corporate apartments are located in the community. This offers a much more relaxed, home-like environment and allows the traveler to live like a local.
Rate
This one is a biggie. Many people assume that hotels or extended stays are less expensive than a corporate apartment. For trips longer than 2-3 weeks, the cost of a hotel stay can equal (or even exceed) the cost of a month-long stay in a corporate apartment. In addition, travelers save money is cost of parking, hotel taxes/fees, dining out, dry cleaning, and so much more. All of this can mean big savings for travelers and their companies!
