NBTA has a great article about How to Develop a Hotel Program for corporations. The same material can be adapted for corporate housing. In the article, NBTA writes, “Lodging as a percent of total ‘travel and entertainment’ expenditures, or ‘T & E,’ averages approximately 17% for companies with more than $5M in annual spend per the American Express Survey of Business Travel Management.”
On their website, CHPA states that corporate housing can save companies up to half the cost of hotel accommodations. One of the key components to advancing the corporate housing industry is educating corporations about the savings and advantages that furnished apartments can offer over a hotel.