Corporate Housing & Short-Term Rental in St Louis, MO

Corporate housing and Airbnb are two different types of temporary housing accommodations that cater to different clientele--business travelers vs leisure travelers. Corporate housing is an all-inclusive fully furnished apartment that is rented out to corporate clients for extended stays of 30 days or more. Corporate housing accommodations are often located in business districts or close to major corporate offices and military bases (for military TDY), and offer amenities such as 24/7 customer service, gym facilities, and 24-hour security. On the other hand, Airbnb is a platform that allows individuals to rent out their homes or apartments to leisure travelers for short-term stays, usually less than 30 days. Airbnb properties have additional service fees and cleaning fees in addition to the quoted price and can range from a spare room in a shared apartment to an entire house or villa. Airbnb's are often located in residential areas and popular tourist destinations.

Corporate housing offers a variety of benefits for both companies and their employees who are traveling for business purposes:

1. Comfortable and Convenient: Corporate housing offers more space, privacy, and amenities than a typical hotel room, providing a more comfortable and homelike environment. Corporate housing units are located in convenient areas close to business districts, making it convenient for business travelers.
2. Cost-Effective: Corporate housing is all-inclusive with no hidden fees and is more cost-effective than hotels. Corporate housing apartments are fully furnished and include Wifi, utilities, fitness centers, and office amenities, as well as 24/7 customer service at no additional expense.
3. Increased Productivity: By providing a comfortable and homelike environment, corporate housing is specifically designed for business travelers, in order to maintain their productivity levels while on the road. The extra space, service, and privacy allows for more efficient work and better concentration.
4. Health and Wellness: Amenities like fitness centers, swimming pools, and outdoor spaces that encourage healthy living are included in the cost of corporate housing for health and wellness productivity and reduced stress.
5. Security and Safety: Corporate housing units offer increased security and safety, which provides peace of mind for business travelers.
6. Flexibility: Corporate housing offers more flexibility than traditional hotel stays with options for different unit sizes (1, 2, 3 bedrooms) allowing for more customized and personalized living arrangements. Additionally, corporate housing offers customizable lease terms, making it easy for companies to adjust their accommodations based on their specific needs.

Corporate housing requires a monthly lease and all-inclusive costs can begin as low as $86 per night for a 1 bedroom corporate apartment, with prices increasing according to unit size. After taxes and fees, the average hotel costs for long term stays begin at $150 per night. On average, corporate housing will save business travelers and their companies about $1900 per month compared to traditional hotel costs. Depending on the size of the apartment, corporate housing can cost 35% - 50% less than hotels.

Corporate housing is all-inclusive fully furnished apartments available for business travelers, near their corporate office or work locations. Corporate apartments include all utilities, modern furniture, houseware essentials, wifi, office amenities, and 24/7 customer service. In addition to being conveniently located, corporate housing is a cost-effective and flexible housing solution for companies sending employees on longer term business travel to different cities.

Corporate housing is ideal for travelers staying 90 days or more, with a flexible lease and opportunity to stay month-to-month thereafter. For example, many business travelers have an indefinite end to their work project due to the nature of their industry, like construction. With corporate housing you can continue to extend your stay for a-month-at-a-time. With clear communication and availability, you can stay in a corporate apartment for as long as you need to. Airbnb policy requires rental owners to obtain a use registration permit, called a “Limited Lodging Home,” for rentals of 90 days or longer. Airbnb renters are also subject to the Long Term Cancellation Policy, which states that when a renter stays longer than 30 days, if a guest wishes to cancel the remainder of their stay, the guest is required to pay the host for the 30 days following the cancellation date, or up to the end date of the guest’s original reservation (whichever comes first).

In 2022, the average cost for a month-long stay at a hotel was $4500 (i.e. $150 per day). According to money.com, in 2023, the average cost per night for a hotel jumped to $212, making the cost to stay in a hotel for a month $6360.