National corporate housing companies offer corporate housing rentals. Basically, national corporate housing companies means that they are renting out a furnished condo, house, or apartment on a temporary basis, to corporations, individuals, or military personnel, as an alternative to a hotel or an extended hotel stay. Corporate housing and extended stay hotels are similar in accommodations in that they both offer short-term, furnished rentals. National corporate housing companies make sure that their housing offers larger square footage and full customer service when compared to extended stay hotels. They usually also cost less than hotels and are used for average stays of a month or longer.
Corporate housing offers a complete temporary housing solution while residing in a residential setting. This is often unlike extended stay hotels, which are usually surrounded by an open parking lot and are occupied by transient guests. National corporate housing companies offer full size kitchens with all needed housewares, as well as luxury furniture, bedding, and linens with their apartments. Corporate housing also has separate living, dining, and sleeping areas. National corporate housing companies offer the luxuries and amenities of a hotels but with the feeling of being comfortably at home.
One of the main reasons people stay in corporate housing is due to employee relocation. Sometimes employees arrive in their new location before they can find lodgings. Contract work is another reason that employers may need to find housing for its employees. The average stay with national corporate housing companies in 2012, was 88 nights. The corporate housing revenue in 2009 was 2.36 billion and increased to 2.47 billion in 2010, according to the Corporate Housing Providers Association (CHPA). The corporate housing industry has been significantly growing in the lodging industry for the past 20 years. Helpful info also found here.