From the beginning of the corporate housing industry there have been two primary consumers of corporate housing, relocating executives and business consultants. But over the past decades, corporate housing has evolved into a major segment of temporary housing.
Alternative travel accommodations are becoming the new normal. In fact, recent Corporate Housing Providers Association reports show that the alternative options increased almost 11% in the last year alone and that revenues in this market are estimated to reach over $36 billion by the end of 2018.
Corporate housing is particularly useful for relocating employees, especially corporate executives. In fact, the Corporate Housing Providers Association reports that relocation is the reason for the extended stay 40% of the time.
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