Corporate Housing vs. Extended Stay Hotels

In today’s fast-past, highly competitive business environment corporate executives face the ever increasing challenge of staying connected with key stakeholders, whether they’re clients, prospects or employees.  Face-to-face interaction has time and again proven to be the most effective way of establishing and maintaining these relationships.   How do national or international companies of keeping executives happy while on the road?

Corporate Housing

Managers and executives that are required to travel extensively between international, national, and/or regional offices need comfortable housing. After long days of monitoring operations, meeting with customers, encouraging staff and brainstorming with other executives a place to call home and one that “feels” like a home, even temporarily, is critical. Hotels and extended stay suites tend to be cramped and require additional expenses such as eating out, laundry services and often excessive phone and internet fees; not to mention taxes. In contrast, corporate housing in spacious, well appointed and gives your people the room they need to set up computers, organize files and live a more ordinary life while away from home. Many corporate apartment complexes or condominiums have pools, fitness centers, and hands-on staff available to address special needs or concerns. They tend to be centrally located, have fully stocked kitchens and often provide concierge type services. If executives will be traveling to a single location for months on end corporate apartments also provide the room needed for families to stay united. You can even bring your pets!

Unlike traditional landlord type arrangements, corporate housing management understands business. They are aware of the many unique needs of the corporate traveler and are willing to go the extra mile to keep their tenants satisfied. Management handles all of the monthly bills, arranges for the set-up of any required services, and is on site to address any issues that may arise.

Cost Comparison

Extended stay hotels and suites can be very costly. They are required to charge taxes and often have additional service fees which are not quoted on the front end. In contrast, Corporate Housing is leased meaning everything is in writing. There are no required taxes after a certain length of stay and the rates quoted with a furnished rental are typically all inclusive. Reputable corporate housing companies will provide you with a list of what is included and often with a price for outside services such as dry cleaning.

If your business requires extended stay travel for it’s executive staff, corporate housing is a viable and economical option. It has significant advantages over traditional long term hotel arrangements and provides the possibility of keeping families together in a home like setting during temporary assignments.

For executive travel to anywhere in the St. Louis region or Southern Illinois, St. Louis Corporate Housing can provide furnished apartments for any stay exceeding one month.

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