Posted on April 18th, 2023

As a business traveler, finding the right temporary housing solution can be a challenge. Two popular options are corporate housing and hotels. But which is right for your business? In this post, we'll compare corporate housing and hotels, highlighting the benefits and drawbacks of each option.

What is Corporate Housing and How Does it Compare to Hotels?

Corporate housing is a specialized service that provides fully furnished apartments or houses for business travelers and anyone in need of short-term accommodation. Unlike hotels, which offer standardized rooms, corporate housing units are designed to feel like a home away from home, with separate living, sleeping, and dining areas.

Corporate housing providers like Locd & Key Realty, LLC offer flexible lease services that can be tailored to your specific needs, including weekly or monthly leases, which can be more affordable than traditional hotel stays. Additionally, corporate housing units are equipped with all the necessary amenities to make your stay as comfortable and convenient as possible, including a fully equipped kitchen, high-speed internet, and laundry facilities.

Hotels, on the other hand, offer standardized rooms with limited amenities. While hotels can be convenient for short-term stays, they can quickly become costly for extended stays. Additionally, hotels can feel impersonal and isolating, without the sense of community and belonging that corporate housing units provide.

Comfort and Convenience

Corporate housing provides a level of comfort and convenience that traditional hotel stays simply cannot match. When you stay in a hotel, you're typically confined to a small room with a bed, a TV, and a bathroom. In contrast, corporate housing offers a fully furnished apartment or house with separate living, sleeping, and dining areas. This creates a home-like environment that can help business travelers feel more at ease and relaxed during their stay.

In addition to the spacious living areas, corporate housing units are equipped with all the necessary amenities to make your stay as comfortable and convenient as possible. The fully equipped kitchen allows you to prepare your meals just like you would at home, saving you time and money. Corporate housing units also typically include a washer and dryer, so you can do your laundry without leaving the building.

Another advantage of corporate housing is the availability of additional amenities that may not be available in a traditional hotel. For example, some corporate housing units offer fitness centers, swimming pools, and business centers, providing you with the resources you need to stay productive and healthy during your stay. This level of comfort and convenience can make a significant difference in your overall experience as a business traveler.

Cost-Effectiveness

One of the main benefits of corporate housing is its cost-effectiveness. Staying in a hotel for an extended period of time can be costly, even with discounts for extended stays. The daily rates for hotels can quickly add up, making it difficult to stay within your budget. Corporate housing offers a more affordable alternative to traditional hotel stays.

Corporate housing providers offer flexible lease services that can be tailored to your specific needs. This can include options such as monthly or weekly leases, which can be more affordable than traditional hotel stays. Additionally, corporate housing providers often offer volume discounts for businesses that need to house multiple employees. This can help businesses save money on their travel expenses without sacrificing comfort or convenience.

In addition to the cost savings, corporate housing can also help you save money on other travel-related expenses. For example, with a fully equipped kitchen, you can prepare your meals at home instead of eating out for every meal, saving you money on food costs. Corporate housing units also typically include laundry facilities, which can help you save money on laundry services or the cost of bringing extra clothing on your trip.

Customization and Flexibility

Corporate housing offers a level of customization and flexibility that traditional hotel stays simply can't match. Corporate housing providers can tailor their lease services to meet the unique needs of business travelers, whether they're looking for a short-term or long-term stay. This flexibility can be especially beneficial for business travelers who may need to extend their stay due to unforeseen circumstances.

Corporate housing providers like Locd & Key Realty, LLC offer a range of lease services that can be customized to your individual needs. Whether you're a business traveler, a relocating employee, or just in need of temporary housing, we can help you find a solution that works for you. Our lease terms are flexible, allowing you to extend your stay if needed, and our units are fully furnished and equipped, ensuring a comfortable and convenient stay.

Location and Community

Another benefit of corporate housing is the opportunity to experience life in a new location and become a part of the community. Corporate housing units are often located in residential neighborhoods, allowing business travelers to experience local life and culture. This can be especially beneficial for business travelers who are relocating to a new area, as it provides an opportunity to explore the local community and get a sense of what it's like to live there.

In contrast, hotels are typically located in commercial areas or tourist districts, which can feel impersonal and isolated. Business travelers may not have the opportunity to explore the local area or get a sense of the community they're staying in.

Final Thoughts

All things considered, corporate housing and hotels both offer temporary housing solutions for business travelers, but each option has its own unique benefits and drawbacks. Corporate housing offers a level of comfort, convenience, and customization that traditional hotels simply can't match. Additionally, corporate housing units are often more cost-effective than hotel stays, and offer the opportunity to experience life in a new location and become a part of the community.

At Locd & Key Realty, LLC, we specialize in corporate housing and other temporary housing solutions for business travelers. If you're in need of short-term or long-term housing, contact us today at +17042405948, +17042405948 to learn more about our furnished apartments, short-term rentals, and other corporate lease services. We'll work with you to find a solution that meets your specific needs and helps you feel at home during your stay.