Difference Between Corporate Lets vs Serviced Accommodation vs Hotels

#Corporate Housing #Company Lets #Corporate Lets #Serviced Accommodation #Hotels

This article is to explain and compare the differences between a serviced accommodation, a company let, and hotel stay. The information can be useful for companies searching for the best accommodation option for their employees. After all, each accommodation type has a better fit for different use cases.

Corporate Lets vs Serviced Accommodation vs Hotels

	Serviced Accommodation	Company Let	Hotel
Minimum duration	1 night	6 months	1 night
Suitable for long stays?	Yes	Yes	No
Suitable for small groups? (under 4)	Yes	Yes	Yes
Suitable for large groups? (10+)	Yes	Yes	No
Who pays the bills (utilities)?	Provider	Tenant	Hotel
Cleaning and linen services?	Yes	No	Yes
Cooking facilities?	Yes	Yes	No
Self contained ?	Yes	Yes	No
Communal Areas?	No	No	Yes

What is serviced accommodation?

A serviced apartment (or serviced accommodation), as the name suggests, is similar to a hotel when it comes to some things – guests need to check-in and check-out, and they are charged on a per night basis. The serviced accommodation is typically a series of individual small units located on specific floors of apartments or buildings.

There are several serviced accommodation options: a single room or studio apartment with a kitchenette, a one-bedroom or two-bedroom apartment, or an apartment with more bedrooms. Typically, they are independent apartments, and each bathroom has an attached bathroom.

In most cases serviced accommodation is a cheaper, more spacious alternative to hotels

Serviced apartments are cost-effective, and they are designed to be rented by people for long or short durations from days to even a year. Taxes are fixed on a daily, weekly or monthly basis, or, if you are staying longer, you can negotiate the rate. This type of accommodation comes with a fully equipped kitchen and often with gadgets such as a washing machine, dishwasher, microwave, etc.

Tenants can invite guests and friends for the serviced apartment without the hassle it is to do that in a hotel – no need to go through reception, for instance. Also, serviced accommodations have caretakers who clean up the place with a given frequency, depending on the tenant’s choice.

Often the apartments are spacious and comfortable, and many serviced apartment buildings offer a gym, fitness centre and swimming pool, for example.

What is a corporate let?

Like the serviced accommodation, corporate lets give you the amenities and facilities, all of them better than a hotel. An example of corporate let is a two-bedroom apartment for four people – it is an attractive option for relocation. Companies often look for corporate lets for tax-related reasons and to relocate large groups of employees for some period.

So what are the diffences between serviced accommodation, company lets, and hotels?

Hotels are typically near busy commercial areas in the middle of chaos. They are designed specifically for tourists, while corporate lets and serviced accommodations are not – although they are close to supermarkets, transportation services, and other essential conveniences.

Corporate lets and serviced apartments are also more comfortable than hotels, with substantially bigger rooms and space. Unlike hotels, serviced apartments are provided with fully equipped kitchens, but they also include Wi-Fi internet access, television sets, room service, security, housekeeping, laundry, among other services.

Besides all of that, corporate lets charge your company with rent, which is usually more cost-effective than hotels – which charge you per night.

Embracing the Bubble Principal

Contractors are opting to stay away from home in bubbles with whole houses and apartments preferred over hotels and shared spaces. Guests also are preferring long-term stays, even over weekends.