Price Guide: Cost of Corporate Housing
Curious about corporate lodging rates? See our article that gives an overview of various corporate housing options and costs.
Today, corporate housing, or short-term housing, is popular among both business and leisure travelers. It’s even used by internships that provide housing and medical professionals aiding in public emergencies.
Whether you’re relocating for a job, setting off for a month-long getaway, or temporarily on assignment, this type of lodging offers convenience and flexibility. But what exactly do corporate lodging rates look like? And how does corporate hotel price compare to its apartment/home rental counterpart?
We’ll cover this and more in our complete price guide to help you figure out the best spot to book. We know that what we look for in various lodging locations and hotels is different for us all. That’s why the Zeus team likes to arm our readers with knowledge and help them find the prime place to hang their hats.
Before we dive into comparing the cost of corporate housing with typical corporate hotel prices, let’s take a look at your options. They each offer something different in terms of amenities, comfort, and personal preference.
Extended stay hotels offer long-term hotel stays for the business traveler. Extended Stay America is a popular brand for this option as they boast over 600 hotels across the country. They have amenities like WiFi, on-site laundry facilities, and a full-sized fridge, and some locations also are home to pools and fitness centers. Corporate lodging rates depend on the hotel itself and the area. A room in Oakland, California, for one traveler from September 1–October 1, 2020, for example, will cost $85.49 per night if you’re making an advanced purchase.
If you’re looking for lodging for just a few days, traditional hotels come with their perks (like daily housekeeping and on-site restaurants). If you’re booking this way, it can add up fast, which is why many business travelers join a rewards program or choose a corporate housing alternative.
Rental homes and corporate apartments are a great way to go to keep the cost of corporate housing down, while still getting all the best amenities. You can choose a place near your office or hand-select amenities that are important, like a pool or community park to walk in the morning. You may even be looking specifically for pet-friendly corporate housing or housing for your family. Before you book, make a list of what’s most important to you. From there, you can fine-tune your selection and find your perfect place to call home.
Now that we’ve covered the different types of corporate housing available let’s break them down a bit further.
The best corporate hotel rates may differ depending on your company’s size, the time of year, and the type of lodging location you choose. Fancier hotels, for example, come with a higher price tag. To get corporate rates, you may be asked to show a corporate card. Many hotel chains also offer rewards programs when you stay in their hotel. Let’s compare corporate hotel price and benefit programs in a handful of the most popular options for business travelers.
Hyatt Leverage offers special corporate rates for companies of all sizes. Known to have some of the best corporate hotel rates, Hyatt offers up to 15% off standard rates at participating hotels worldwide. You can book directly on Hyatt.com or by contacting a Hyatt Worldwide Reservations Center. If your business qualifies, you’ll get immediate access to register online.
According to Statista, the average daily rate of Hyatt Hotels in 2019 (in the Americas) was $139.00 U.S. dollars.
Hilton has long been a preferred hotel chain for corporate travel and is known to have some of the best corporate hotel rates. They offer the Hilton Honors program, which allows travelers to earn points when they stay at any participating Hilton Property or make purchases with a Hilton Honors-affiliated credit card. You can cash in your points for free nights (or use them on airline travel or rail miles). Certain participating hotels may also offer things like free breakfast and a percentage off laundry service or food and beverage.
According to Statista, the average daily rate of Hilton Worldwide Holdings Inc. in 2019 was $144.79 U.S. dollars.
Marriott is a massive corporation, with over 30 brands of hotels scattered all around the world. With Marriott Bonvoy, you can earn free nights and receive exclusive member rates. The corporate hotel price for members also includes benefits like free WiFi and mobile check-in. Marriott also developed “The Smart Business Travel” series with Visa and Rhonda Abrams, a small business expert and USA Today columnist. With their travel guide, they offer advice, tips, worksheets, and resources, as well as strategic ways to increase your return on travel.
According to Statista, the average daily rate of Marriott hotels in North America in 2019 was 202.75 U.S. dollars.
If you like the hotel vibe but are concerned about the corporate hotel price, try implementing some of these tricks into your hotel booking routine.
- Get a hotel credit card
- Join a hotel points program
- Look for social media and website deals
- Work a negotiated rate
- Pre-pay if your travel dates are fixed
- Join AAA and use the AAA discount
- Book a place with free breakfast
If you don’t want to go the route of traditional hotels or extended stay hotels, apartment rentals offer a unique corporate housing alternative. Although a corporate hotel is often tempting, the cost of corporate housing when you book with an apartment or home rental can be most affordable.
Additionally, apartments and homes come with a unique assortment of benefits. Whether you want a yard where your pup can roam free, a big kitchen to cook with your kids, or a view of downtown, renting this way ensures you get exactly what you want.
According to the Corporate Housing Providers Association, the average corporate lodging rate in the United States is $150 per day. Keep in mind that corporate housing is often priced and leased by the week or month rather than the day, which means you’ll be paying a set price for, say, 30 days or 60 days. Some corporate lodging companies also offer discounts depending on the season or length of your stay. It’s also good to note that this is just a base average, and rates can vary based on amenities, location, and size of the apartment or home.
- Fitness centers
- Gated access
- Proximity to public transportation (buses, trains, and subways)
- Proximity to highways for easing commuting
- Full kitchens with utensils and efficient appliances
- Fully furnished vs. partially furnished
- Outdoor space
- Television and WiFi
- Linens (blankets, sheets, towels, etc.)
At Zeus, our corporate lodging rates offer a more affordable alternative to long-term hotel stays. Our modern homes are ideal for 30+ day stays and come with flexible cancellations, easy extensions, and no hidden fees. We’re located across the U.S. and will help you feel at home wherever life takes you.
All Zeus Living homes and apartments are fully-furnished, thoughtfully-designed, and stocked with the essentials, including bed linens and kitchenware. We have a 24/7 customer service team available to assist with anything you need before and during your stay. We also include WiFi, water, gas, and other utility costs.
The cost of corporate housing with Zeus depends on what you’re looking for with an executive rental. A contemporary 2-bedroom apartment in San Francisco’s waterfront, for example, may run between $141 and $189 per night. And if you book a 3+ month stay, you can save between 5-10%. Are you visiting Washington, D.C. instead? Live in luxury for $118 a night in this fresh and bright studio (with a gym) located in Dupont Circle.
Hotels can be fun, but if you’re looking for corporate lodging rates that include all the comforts of home, an apartment rental is a way to go. Pack your suitcase, pick up some groceries from the farmers’ market down the street, and settle right in.