Corporate Accommodation (UK)

About Corporate Accommodation (UK)

The corporate housing market in the UK provides furnished, serviced accommodations as an alternative to hotels for business travelers. These companies rent and operate properties, subletting them to corporate clients for stays that can range from one night to several months. This model serves various clients, including those on project assignments, relocations, or temporary work, offering a more cost-effective solution for longer stays compared to hotels.

The business model involves renting apartments from landlords, furnishing them, and then subletting them for a profit. Accommodations are fully furnished and include amenities like equipped kitchens, high-speed Wi-Fi, and utilities in the price. Many providers also offer weekly housekeeping and linen services. The primary clientele includes corporate employees, relocating families, and project teams. The market is competitive, with many providers entering the industry, particularly in key business hubs like London.

Providers offer a range of property sizes, from studio apartments to multi-bedroom houses, to accommodate individuals or large teams. They emphasize creating a "home-away-from-home" experience with the convenience and flexibility needed for business or leisure travel. Services are often tailored to specific corporate requirements, with some companies offering bespoke services to find the right accommodation and negotiate rates. The industry has seen growth driven by technology and online marketing, despite disruptions from the COVID-19 pandemic.