STR News.

Permira-backed Engine acquires Options Travel to build a corporate booking tool. This move signifies a trend towards integrated solutions for business travel, potentially impacting how corporate housing and extended stays are managed.

Corporate housing offers higher monthly income and steadier occupancy than unfurnished leases or nightly rentals, attracting professional tenants. However, it requires significant upfront furnishing costs, higher vacancy risk, and careful navigation of insurance and regulations, with income topping out below peak vacation rental earnings.

Corporate housing commands a premium over unfurnished rent due to bundled services. Pricing should be cost-based (fixed, utilities, operating, vacancy, margin) and benchmarked against furnished comps, not hotels or annual leases. Location and unit size are key pricing drivers.

Corporate housing offers furnished, all-in rentals of 30+ days for working tenants, often paid by companies. It balances hotel costs with lease stability, ideal for relocation and travel nurses near business demand.

Corporate housing offers steady monthly income, filling gaps between STR bookings. Key steps include confirming local rules, furnishing to a professional standard, and listing on niche platforms. Pricing must cover costs plus profit, benchmarked between hotel and long-term leases.

Landing, a flexible-stay apartment network, is expanding its leadership team to meet growing demand. Joel Meriwether joins as CFO, focusing on financial strategy and investor engagement. Jack Harvey will lead partnerships with multifamily owners, and Christopher McClintock rejoins to focus on corporate housing. This strategic expansion aims to strengthen operations and extend services for both guests and partners.

The Madison, WI startup Reliable Residence is helping traveling healthcare workers find short-term housing. This service addresses a specific need in the market by connecting healthcare professionals with suitable accommodations. The focus on a niche market suggests an opportunity for other STR businesses to specialize in similar segments, such as corporate housing or mid-term rentals.

This article provides a guide to the best corporate housing companies for 2025, detailing their features, fees, and ideal hosts. Hosts can use this information to diversify their rental strategy and tap into the growing demand for mid-term rentals, potentially increasing income and reducing turnover. Consider exploring these platforms to find the best fit for your property and target audience.