From the beginning of the Corporate Housing Industry there have been two primary consumers of corporate housing (1) Relocating Executives and (2) Business Consultants. Over the past 40 years, however, corporate housing has evolved into a mainstream lodging segment and today serves a wide range of diverse business travelers and individuals in need of temporary housing.
Relocation Executives: According to a recent HR Magazine article, relocation was down in 2008 but the numbers are still huge. In 2008, 11.9% of the population relocated and $24 billion dollars is spent annually on US corporate relocation.
Relocation Surveys also indicated that, for the first time, prospects for selling and buying real estate surpassed family concern and spouses’ careers as the most important issues! This is whyCorporate Housing by Owner (CHBO) is such an important element in relocation today. CHBO can allow a family to relocate to find the perfect job because it gives them the option to rent their current home and test drive a new furnished home at their chosen destination. This cuts down on costs, eliminates the uncertainty of the real estate market, and makes it easy to reverse if the new job doesn’t work out. These surveys also highlighted companies trend to Lump Sum Relocation packages allowing employees to look for their own corporate housing through resources like CHBO.
Business Consultants: CHBO would also like to take this opportunity to salute 2009’s Top Consultants according to Consulting Magazine and thank them for using Corporate Housing.
2009 Top Consultants – Consulting Magazine
Jim Bramante, IBM Global Business Services
Bruce Barge, Buck Consultants
Michael Conover, KPMG
Claudia D’Arpizio, Bain & Company
MaryAnne Fraschan, EDS
Cory Gunderson, Protiviti
John Kaltenmark, Accenture Technology Consulting
Brooks Kitchel, Kurt Salmon Associates
John Kovalchick, Proudfoot Consulting
Rich Lesser, The Boston Consulting Group
Robin Lineberger, BearingPoint
Bryan Marsal, Alvarez & Marsal
Leslie Moeller, Booz & Company
Ken Mungan, Milliman
Jacqueline Olynyk, PricewaterhouseCoopers
Laurie Oppel, Navigant Consulting
David Rodman, Hitachi Consulting
Jim Roth, Huron Consulting Group
Vance Scott, A.T. Kearney
Amy Shah, Sapient
Ed Stark, Capgemini Consulting
Ming Tsai, Infosys Consulting
Tim Wiest, Deloitte Consulting
Rob Wilhite, KEMA
Stephen Wood, Ingenix Consulting