GUEST BLOG: Corporate Housing or Serviced Apartments" - Travels Blogs

GUEST BLOG: Corporate Housing or Serviced Apartments"



Awareness of the benefits of serviced apartments as a spacious accommodation alternative to hotels is increasing, and their suitability for business travel and relocation has been well-documented over the last few years. What is perhaps less obvious is the distinction between serviced apartments and corporate housing.

Both corporate housing and serviced apartments operate under different names throughout the world, which can cause confusion for accommodation bookers. Is there a difference between the two or are they one and the same" Is it just a question of terminology" Which option best suits your business requirements and budget" In such a rapidly changing industry, it?s no surprise that the lines between many accommodation options are becoming more blurred.
When it comes to sourcing long term accommodation or managing relocation for colleagues, each and every client has different needs and expectations. Some prefer the luxury, facilities and flexibility of a serviced apartment for their senior managers, while others prefer a more cost-effective corporate housing solution for multiple project workers. Both options offer fully-furnished properties in central locations with more space and privacy than a hotel, but there are subtle differences between the two. Our experience of providing a variety of solutions for the corporate market over the last decade has shown us how important it is to match the appropriate type of accommodation to our clients? requirements.
Here are a few important differences that we have observed between serviced apartments and corporate housing, to help you make an informed choice:
Key differences Accommodation Features Serviced apartments are typically part of an existing property portfolio and are furnished to an agreed standard in accordance with the provider?s brand. The benefit of a serviced apartment is both the booker and the guest know exactly what they are getting and can view the property in advance to check it meets their needs.
Corporate housing is sourced specifically for the client and is set up according to their exact requirements. This ability to choose the location, customise the product and ?cherry pick? services not only provides comfort and convenience for guests, but it also gives buyers greater control over their business travel budgets. Corporate housing can be made more or less luxurious, according to the client?s requirements. Duration of Stay Serviced apartments appeal more to smaller groups of colleagues, families and individuals, as they offer a convenient solution for ad hoc stays. Booking is easy and individuals who are unsure about their ongoing need for accommodation can benefit from flexible cancellation terms and the opportunity to extend.
Corporate housing agreements are more cost-effective for a larger groups and clients who know the duration of their projects, as they can provide a lower cost per head. This type o...
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