Lodging Industry Overview

“Demand is at a record high,” said Mark Skinner, partner at The Highland Group, in 2017. “More people are staying at extended stay hotels in the U.S. today than ever before, but what’s also true of the overall hotel industry is that these extended stay hotels are seeing record revenues. Just to put a number…

Value of Corporate Housing

The Value of Corporate Housing by CHPA – Executive Summary

Corporate housing is fundamentally different from other types of short-term rentals. This well-organized industry provides a valuable service to businesses, employees, and others in need of temporary housing while having a sizable economic impact on the communities where it operates. It is important that policymakers and officials understand the industry’s importance and are cognizant of its particular characteristics and value when creating and implementing short-term rental policies. Corporate housing providers support fair and reasonable regulations.  DD401 Living Room

Many Names, Many Uses

The industry is known by a number of different terms such as:

  • Corporate Housing
  • Furnished Apartments
  • Temporary Housing
  • Serviced Apartments
  • Executive Suites
  • Executive Rentals

Introduction