Corporate Lodging News: Increase in Defense Department TDY Rates

Travel Trends: How TDY Rates encourage the military traveler to use Extended Stay and Corporate Lodging Solutions.

Each year the defense department relocates hundreds of thousands of individuals and families in addition to all the long term projects that need housing around the world. In the last few years there has been a decrease in military demand for Corporate Housing Rentals. However with new TDY (Temporary Duty) reimbursement rates for stays longer than 30 days, that go into effect November 1st, 2014, we will start to see an increase in the military’s use of corporate housing as a cost savings option compared with utilizing hotels.

According to a recent article published by the Department of Defense: “Changes are meant to give long-term TDY travelers an incentive to seek out extended-stay lodgings, which generally are less expensive. Before this change, the Joint Travel Regulations encouraged travelers on extended TDY to seek out this type of lodging, but there wasn’t a requirement or incentive to do so.”

and they go on to say,Many of the conveniences available at extended-stay hotels can save money for travelers, and in turn, for DoD, Johnson said. “They offer the kitchenettes, the sink, the refrigerator — recognizing that people aren’t eating out at an expensive restaurant every day, three meals a day,” he explained. “And I believe that’s vital in this environment of sequestration and other external factors that have brought this on. So, we’ve got to make sure that people are traveling smarter and more [efficiently].””

It is exciting to see the DOD acknowledge the benefits of staying in a fully furnished residential property like the corporate housing lodging solutions available on CorporateHousingbyOwner (CHBO).

Did you know…

CHBO works hard to connect properties near military facilities with those military individuals in need of housing. Though our affiliate site Military Corporate Housing we work to make military housing a priority. To learn more about featuring your property on one of CHBO’s affiliate sites talk with a CHBO Property Specialist at 1.877.333.2426 or submit your property for a free evaluation.

Military corporate housing

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This entry was posted in Corporate Housing 101, Tenant Issues and tagged corporate apartment rental, Corporate housing, Corporate housing by owner, Corporate lodging, Corporate Rentals, Extended Stay, furnished housing by Kimberly Smith. Bookmark the permalink.

About Kimberly Smith

Kimberly Smith is an accomplished entrepreneur and published author with more than 20 years experience as an entrepreneur in the areas of real estate, property management, corporate housing, website development and franchising. In 1999 Kimberly and her husband/ business partner, Eric, launched AvenueWest Corporate Housing, Inc., a multi-million dollar success story. AvenueWest provides real estate property management of furnished residential properties offering full service corporate housing services to upscale executive travelers in need of a monthly lodging solution. A recognized leader in the industry, they were awarded CHPA’s 2010 Provider Company of the Year Award and listed for 3 consecutive years on Inc Magazine’s Inc 5000 list of the countries fastest growing businesses. Inspired to help people find corporate housing and real estate solutions on a national basis, Kimberly and Eric came up with a business idea to create a national resource dedicated to connecting furnished rental properties with executive renters. In 2006 CorporateHousingbyOwner.com (CHBO) was launched, the first-of-its-kind online portal connecting furnished rentals and the traveling public. In 2013 CHBO was recognized by CHPA as the Associate Company of the Year. In 2009 AvenueWest Global Franchise was launched allowing for the national expansion of the AvenueWest Managed Corporate Housing product. Current offices are located in Phoenix, Atlanta, Fort Collins, San Francisco, Boston, Dallas, Denver and Colorado Springs.

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