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Fact Sheet

Definition of Corporate Housing

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By eHow Contributing Writer
(1 Ratings)

Most popular in the United States, corporate housing offers a fully furnished home space for travelers. One-, two- and three-bedroom housing units are rented out in the same fashion as hotel rooms or lodging facilities. According to the Corporate Housing Providers Association, the total corporate housing revenue among the 73,385 units across America was $2.77 billion in 2008.

    About Corporate Housing

  1. Corporate housing units are furnished homes or apartments designed to make the traveler feel comfortable and unbothered. While there is usually no regular maid service, the rooms are fully cleaned and straightened up prior to a new inhabitant. Clients typically stay in these units for anywhere from a couple days to a year.
  2. Local Corporate Housing

  3. Certain corporate housing companies only house a small group of clientele within one town or city. They are sometimes more expensive than those corporate housing businesses with more properties, such as Oakwood Worldwide, which holds locations in New York City, Boston, New Jersey, Philadelphia, and Stamford.
  4. National Corporate Housing

  5. Those corporate housing companies with units in different cities and states tend to seek clientele in the military or with individuals on corporate contracts.
  6. What Corporate Housing Offers

  7. While similar to hotels, corporate housing can result in a more private and personal stay. Larger space is a highlighted amenity. Often, companies that use corporate housing services save money due to contracting -- in which the company has its employees lodge with a particular corporate housing company in exchange for a "package" deal of lower prices.
  8. Costs

  9. The average one-bedroom corporate unit in 2008 was rented for $117 per night. Need to incorporate more references. Also, please add a resource or two.
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