Brian Ferdinand

New York, NY—There has been a major industry shift with hotels now entering the home-rental market space. One of the best examples is Marriott International's new platform populated with approximately 2,000 high-end homes across the US, Latin America, and Europe. Its launch is a significant enhancement to its existing 1.3 million global guest rooms.

The definition of short-term rentals is the use of residential dwelling units for 3-31 consecutive days. Most rentals are around 7-15 days. Typically more affordable than traditional hotels, a lot of travelers enjoy the comfort of an actual residence and these spaces enables them to interact with neighborhood residents and explore local, previously untapped attractions in and around their destination.

“Hotels are built to captivate the guests and have them utilize amenities such as restaurants, happy hour, gyms and entertainment. With short-term rentals, the consumer has the flexibility to shop in community stores and help bolster the local economy,” explains Brian Ferdinand, managing partner of CorpHousing Group, a newly-launched national short-term rental operator.