Trends: Corporate Housing Terminology.

Published Date: 2016-03-01

Corporate Housing Terminology
The Lodging Segment = Extended Stay
Generally, the term, “extended stay,” is the larger lodging category name for housing options that offer sleeping and living facilities. Think of these options as a spectrum of choices that meet people’s specific housing needs. The extended stay lodging segment includes:
- Extended stay hotels (averaging less than 7 days per stay)
- Full-service apartments (averaging 80 days per stay)
- Managed corporate housing (averaging 100 days per stay)
- Independent corporate housing (with 62% of stays in 2015 lasting three months or longer)
The Product = Corporate Housing
According to survey results, 81% of respondents say they list their rentals as “corporate housing.” This is an all-time high.
The second most popular term is “furnished rentals”.
25% of respondents say they refer to their properties as “vacation rentals,” down from 29% in 2013. We believe this is a continuing trend resulting from the increased regulation and taxation of the less-than-30-day, vacation rental lodging segment.
Other responses: This survey question also allowed for open responses. There’s a continued trend to refer to rentals as executive rentals, extended stay executive housing and executive residences. Additional terms include: long term rental home, turnkey furnished, interim housing, corporate executive fully furnished, “like Airbnb” and executive lease.
Learn more Corporate Housing Real Estate Trends.