What is Corporate Housing?

• Fully furnished and equipped studio, one, two and three bedroom apartments.
• Well maintained properties providing residential living.
• Many convenient locations in and around major metropolitan areas.
• Double the square footage of hotel rooms and suite hotels.
• Up to half the cost of hotel accommodations.

Corporate housing providers partner with companies to easily accommodate business travelers and relocating families, as well as temporary real estate needs.  Corporate housing is not only a physical space, but a full range of services offered to a client.

Size of Industry

History
The corporate housing industry has been a significant growth segment of the lodging industry for the past 20 years.

Financials

• Total industry revenue was $2.95 Billion in 2007.
  
• Average one-bedroom monthly rent is $3,360 ($112/night).

By the Numbers

• It is estimated that there are 1,095 corporate housing operations in the United States.
  
  
• These companies comprise over 77,799 corporate housing units on an average day.
  
• Average stay in corporate housing units is 81 days.
  
  

Serving All Industries
Industries served include government, consulting, healthcare, insurance,engineering, relocation, information technology, financial, and many others.

Source: The Highland Group Corporate Housing Industry Report 2007

Corporate Housing Industry Report - 2008

It's here! CHPA just released The Corporate Housing Industry Report 2008, which The Highland Group compiled. Data collected from providers nationwide in 2007 reflects that corporate housing was a $2.95 billion dollar industry, up 20% over the previous year. This makes it the largest year on record.The report is the most comprehensive source of information on this sector of the lodging industry.

The cost of the report is $395. For a limited time, CHPA members will receive $100 off!

To place your order, contact Connie Atkinson at catkinson@highland-group.net.