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.

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