Our friends at the Corporate Housing Providers Association have released their annual report, and with it an overview of important numbers and statistics that are the major takeaways from their findings:
-Total industry revenue was $2.36 billion in 2009
-Average one-bedroom monthly rent is $3,450 (based on the rate of $115/night)
-There are approximately 61,280 U.S. corporate housing units [...]
If you’ve been watching the NCAA college basketball tournament, then you’ve had to see the Southwest Air ads boasting that their passengers don’t have to pay to pack–bring baggage on board, that is.
Now that’s not entirely true, Southwest. According to Airfarewatchdog.com, if you are going to bring between 3 and 9 bags on your next [...]
Always on the lookout for positive news in corporate housing, executive accommodations and business travel?
Here’s a little bit of encouragement for the business travel world and for corporate housing professionals as well. Let’s call it the double-edged sword.
It looks as though occupancy rates for luxury accommodations have started to inch up following predictions (including ours) [...]
This really shouldn’t be a shock to anyone here, but the corporate cards your bosses hand you when you start your new job and begin to travel? Well, they may not be as much of a perk as you think.
What’s the catch? Well, of course they can still be used for expenses, accommodations, meals, etc., [...]
Here’s a little news to use for corporate housing. Just as the number of apartment vacancies reached multi-decade highs, the number of homebuyers who are about to need apartments to rent are about to skyrocket, too. What does that mean to corporate housing? Well, the property market is all interwoven to be sure, but what [...]
So it is spring–or so it seems.
If you are anything like me, that means you are looking at plants and seeds and getting grandiose ideas about what you’d like your landscape to look like this coming season.
Well, when it comes to corporate housing, there is one thing I’d urge you to consider before you take [...]
In an economy and an environment that is increasingly competitive, not to mention more global every day, the more your corporate housing property stands out, the better.
Recently we’ve discussed “themed housing,” where you transform your property into an English cottage garden, for example, or a tropical paradise. This type of transformation has the potential to [...]
We led off this mini-series with tips on what is tax deductible for the corporate housing industry. Despite the weather today, believe it or not, summer is coming along with the opportunity to perhaps mix your winter-weary business travel with some pleasure. To keep things simple and in compliance with the IRS, here are some [...]
If you’ve got an investment property you’ve been renting out for corporate housing or income, even if you’re having a less than easy time of keeping it occupied, it still can be a tax deduction bonanza. For sure, the tax rules and deductions for individuals who rent out their properties on a short-term basis are a [...]