Birmingham is a bustling city in the heart of England, with a thriving business community and a rich cultural heritage. As the city continues to grow and attract more businesses, there is a growing need for affordable and convenient accommodations for business travelers. Corporate housing in Birmingham is a great solution for companies looking to reduce travel costs and provide their employees with a comfortable and convenient place to stay. In this article, we will explore how corporate housing can help reduce business travel costs in Birmingham.
What is Corporate Housing?
Corporate housing is a type of temporary housing that is specifically designed for business travelers. These accommodations are typically fully furnished apartments or houses that are rented out for short-term stays. Companies often use corporate housing to provide their employees with a comfortable and convenient place to stay while they are on business trips. This type of accommodation is much more cost effective than traditional hotels, especially for longer stays.
The Benefits of Corporate Housing
There are many benefits to using corporate housing for business travel. One of the main benefits is cost savings. Corporate housing is often much cheaper than hotels, especially for longer stays. This is because hotels charge a premium for short-term stays, whereas corporate housing is designed for longer stays and is priced accordingly.
Another benefit of corporate housing is convenience. Corporate housing units are typically located in convenient locations, such as near business parks or transportation hubs. This makes it easy for business travelers to get to their meetings and appointments quickly and easily.
Corporate housing also provides more space and amenities than a hotel room. Corporate housing units are typically much larger than hotel rooms and come with a fully equipped kitchen, a living area, and a separate bedroom. This allows business travelers to work and relax in comfort, which can help to reduce stress and increase productivity.
The Cost Savings of Corporate Housing
One of the main reasons why companies choose to use corporate housing for business travel is cost savings. According to a study by the Corporate Housing Providers Association (CHPA), companies can save up to 50% on travel costs by using corporate housing instead of hotels. This is because corporate housing is typically priced lower than hotels, especially for longer stays.
The CHPA study also found that companies can save money on other travel-related expenses by using corporate housing. For example, companies can save money on food costs by cooking their meals in the fully equipped kitchens that come with corporate housing units. They can also save money on laundry costs by using the in-unit washer and dryer.
The Convenience of Corporate Housing
Corporate housing has been shown to provide a more home-like environment than traditional hotels, allowing travelers to feel more at home while on the road. In fact, according to a survey by Travel Leaders Group, 86% of travelers reported feeling more comfortable and relaxed in corporate housing than in hotels.
It also provides a more efficient way to travel, as all the necessary amenities such as kitchen facilities, laundry, and Wi-Fi are typically included. This can save time and money for business travelers, as they don’t need to worry about finding separate services for these needs.
Corporate housing also offers more space than traditional hotel accommodations. The average corporate housing unit is three times larger than a hotel room, giving travelers more room to spread out and relax.
It is increasingly being utilized as short-term housing for business relocations. A 2017 survey conducted by BridgeStreet Global Hospitality revealed that corporate housing is now the most preferred option for business relocations, with 53% of business travelers reporting that they would choose to stay in corporate housing for relocation as it allows business travelers to work and relax in comfort, which can help to reduce stress and increase productivity.
The Flexibility of Corporate Housing
Corporate housing offers a customizable living space for companies looking to accommodate employees. Businesses can choose from a variety of living arrangements, including luxury apartments, fully furnished homes, and extended-stay hotels. It provides flexibility for companies that need to accommodate employees for short-term assignments or projects. With corporate housing, companies can adjust the length of their stay to fit their specific needs.
Also, it can be used to accommodate large groups of employees. Companies can book multiple units at once, making it easy to provide housing for employees who may be working on the same project. Finally, it is also a great option for companies looking to attract top talent. Many companies offer corporate housing as an additional benefit to employees, helping them feel valued and appreciated.
The Bottom Line
In conclusion, corporate housing is a great solution for companies looking to reduce travel costs and provide their employees with a comfortable and convenient place to stay. Corporate housing units are typically cheaper than hotels, especially for longer stays, and provide more space and amenities than a hotel room.
In addition to cost savings and convenience, corporate housing provides high comfort and privacy for business travelers. These accommodations are fully furnished and equipped with all the amenities that business travelers need to feel at home. Whether you are a small business or a large corporation, corporate housing can help you save money and improve the travel experience for your employees.