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Corporate housing is a multi-billion dollar segment of the lodging industry offering furnished residential monthly rentals. The industry is divided into 3 products: serviced apartments; managed private residences and by owner rentals. Traditionally corporate housing was a lodging solution that was only utilized by business travelers. however today, as the need for furnished monthly housing grows, corporate housing is expanding into a mainstream lodging segment. Corporate Housing encompasses everyone from business travelers, to traveling theater performers, traveling nurses, sports professionals, visiting professors, graduate students, relocating families, individuals on military assignments, extended leisure travelers, grandparents on extended visits, divorcees and homeowners displaced from fire, water, mold and other insurance losses.
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