Want a Home Away from Home? Try Corporate Housing

What is corporate housing? Do you need to stay in corporate housing? Corporate housing is typically available furnished apartments or condos that companies and individuals rent either for a longer term (extended stay) or short term basis. Stays can range from a few weeks to months.  If a company sends a staff member out of town on an assignment that is expected to last more than a few days, the company will often look at corporate housing options for two reasons:                                

• Reason #1: Cost Savings

• Reason #2: Providing the Employee with a home-like setting

Cost Savings and Short Term Rentals

Using a short term rental, such a furnished condo suite is often a good option for companies. Perhaps you've got a team that's travelling to another city and staying for more than a few days. Having the team share an apartment could be substantially lower than paying for individual hotel rooms. Staff members can carpool together, also saving on travel costs.  Providing corporate housing could also be a better incentive to the employee over having them stay in a hotel. Not only are there often good amenities in this sort of setting but another benefit is that employees can do their own laundry, do their own cooking, and so on. At times, employees need to bring their families with them when it's an extended stay business trip and in this case, a corporate apartment is almost a must.

A Home Like Setting

Hotels might be nice when you first arrive in a new city but they will lose their lustre after a few days of living in cramped quarters and eating restaurant food. If your staff members are in a home like setting, this will be more desirable to them over hotel rooms and will increase the chance of productivity as well. A happy employee is generally a much more productive one. Corporate suites are generally well equipped for productivity with excellent technology preparation and adequate workspaces (versus a tiny hotel room desk in an already cramped space, for example)

Travel Streamlining

There are benefits to a company beyond costs as well. Some corporate housing companies offer consolidated billing and other benefits, making it easier to reconcile and reducing or even eliminating expense report woes for employees. Aligning with a good short term rental company could help you be able to meet your needs as they arise.

Whether you're an employee looking at a potential stint away from home or are an employer who wants to streamline corporate travel and accommodations, there are companies in major cities that will manage your corporate needs for furnished short term or extended stay accommodations.

About the Author

Interested in checking out some Toronto corporate housing options? Check out Skyview Suites options for a variety of corporate housing Toronto downtown accommodations.