I had an interesting conversation with Mike Whaling and Lisa Trosien on Twitter last week regarding the benefits for apartment communities going green during this economy. A question was posed whether renters will actually see the benefit of apartment properties going green and therefore, pay the extra premiums associated with it. According to the key findings from a Conscious Consumer Report (2009), 51% polled said they are “willing to pay more”
Executives who are relocating offices or staff who manage interstate or international projects look for short term rentals at furnished apartments. High rising hotel costs weigh heavy on the company’s budget and there is increased pressure on businesses to cut down their budget allocations due to present economic factors. These factors have an affect the corporate relocations and housing market.
Not every business matter can be handled during a weekend seminar or week-long visit to a branch office. Quite often an executive or project manager must remain in Toronto for more than a few weeks. The Corporate Housing industry was developed to provide temporary or short-term apartment accommodation.
Short term rental is available for a minimum stay of 10 nights, however the average stay is 6-9 months.
For business travelers, an extended stay hotel is the perfect solution. It provides you with the comforts of home, such as cooking and laundry facilities, enabling you to sit back and relax after a hard day’s work without having to leave the hotel in search of a meal or a laundry. During an extended stay you will also have plenty of space in your suite in which to work, entertain, or just relax before setting out on the road again.