Do you regularly send employees on lengthy business trips? If so, you likely realize how quickly the costs add up. Thus, you might be seeking a cheaper accommodation option than a traditional hotel in 2021. For instance, you might have considered booking extended-stay hotel rooms for your workers. However, the reality is, you can save the most money by going the corporate housing route, according to business expert Brian Ferdinand in a recently released article. Let’s take a look at the differences between extended-stay hotels and corporate housing for business travelers.
The Drawbacks of an Extended-Stay Hotel
Extended-stay hotels were created to cater to travelers who needed lengthier stays than they would normally have in regular hotels. Some extended-stay hotel rooms offer basic amenities designed to make the rooms feel like home. For instance, they come with refrigerators, microwaves, and stoves. However, these homey touches usually end here.
With an extended-stay hotel, employees may end up having to purchase their own eating and cooking utensils. On top of this, their rooms might be small, and they’ll be forced to do all of their laundering in a room that other hotel guests share with them. In addition, extended-stay hotel guests might not have guaranteed, free parking spaces.
In light of the above, even when employees stay in the best extended-stay hotels available, they might still yearn for the comforts of home.
The Advantages of Corporate Housing
In his recent article, Brian Ferdinand explains that a top-tier corporate housing unit, which is generally like a furnished apartment, generally doesn’t cost any more than your typical Airbnb home does. However, it is a lot homier and more luxurious than extended-stay hotels are. In fact, when one of your employees stays in a corporate housing unit, he or she will no doubt feel as though he or she is at home.
Corporate housing units come equipped with the appliances that guests are generally used to using at their own homes. In addition, guests can take advantage of private yards when they stay in residential-area corporate housing units. Corporate housing units also come with designated parking as well as stylish interiors.
Unfortunately, many employers underestimate or simply don’t realize the benefits and value of the corporate housing unit option. However, as more employers begin to understand what these units have to offer, they will likely book these accommodations at higher rates in the months and years to come.