5 Ways to Save Money with Corporate Housing

In many companies, employees travel frequently. From short business trips such as conferences and meetings to long stays for big projects, there are many reasons why your employees may need to leave the city and stay in another, whether just for a couple days or for a few weeks or months.

It can get expensive to pay for hotel rooms each time your employees head out of the city on business. You might not realize your company can save a significant amount of money by switching to corporate housing.

With corporate housing, your employees stay in short-term furnished rental apartments rather than hotels. Here’s how this option will help you save.

1. Furnished Apartments Cost Less

Hotels can cost a considerable amount, and the longer your employees need to stay, particularly if there are many of them on the business trip, the costlier the hotel bill will get. This is especially true if you’re booking hotel rooms at a busy time when the hotels increase their prices. Furnished apartments, on the other hand, cost considerably less. And the longer your employees stay, the less you will likely be charged per day.

2. Sharing Apartments

Many corporate housing apartments come with two, three, or four bedrooms. Instead of having to pay for separate hotel rooms for each of your employees on the business trip—which significantly increases your costs—you can rent one single corporate apartment for all employees. You’ll cut your costs dramatically when you have one bill to pay as opposed to two, three, four or more hotel bills.

3. No Meeting Room Charges

Hotel rooms aren’t conducive to meetings. The space is cramped, there isn’t enough room for all parties that need to be there, and there aren’t the right amenities, such as tables, chairs, and desks. Many corporate furnished rentals, on the other hand, are large enough to accommodate a meeting room.

Your employees won’t need to worry about booking meeting space because their hotel rooms aren’t large enough to accommodate them. They’ll have the space they need for their meetings, and many of these furnished rentals come with printers, high-speed internet, desks, and more. This is a great benefit to you as a business owner since it can significantly reduce your travel costs. Meeting rooms can cost hundreds of dollars per day, which you can save with corporate housing.

4. Reduce Food Costs

When staying in a hotel, your employees will need to either order room service or go out for just about every meal. Maybe breakfast is included with the hotel cost, but you’ll be paying a lot in lunches and dinners. Eating out is expensive, and the price adds up quickly when you’re paying for multiple employees to eat several times a day.

Corporate housing can cut your meal costs. Each furnished apartment comes with a full kitchen, all required appliances, and all pots, pans, and utensils needed for cooking. Your employees will spend less buying groceries and cooking meals than they would eating out.

5. Enhanced Productivity

Another way you’ll benefit from corporate housing is through enhanced productivity and dedication. Time is money after all, and employees will be able to work harder and without distractions in short-term furnished rentals. That’s because corporate housing is ultimately more comfortable than hotel rooms.

Employees will enjoy feeling like they’re in their second home, rather than feeling like they’re always moving from hotel room to hotel room, which can take a toll on any businessperson. And when your employees are more comfortable and their morale is higher, they’ll be able to give you their 100% when on business trips.