Business travel usually means costly expenses. Almost three in five companies expect their expenses to go up from last year.
The typical domestic business trip covers more than just flights. It includes accommodation, transportation, meals, and other daily expenses. These costs add up quickly and can strain a company’s budget.
Beyond the flights, accommodation is key in managing expenses, and choosing where to stay is crucial. Short-term apartment rentals offer a practical solution. They are home-like environments with amenities to enhance the business travel experience. This kind of accommodation adds comfort and helps reduce additional costs.
In this guide, let’s look more into the cost-saving benefits of opting for short-term apartment rentals for business stays. Whether you’re travelling alone, with colleagues, or for an extended period, understanding the advantages of short-term rentals can help you make smarter choices and save money without sacrificing quality.
Choosing Short-Term Apartment Rentals
Short-term apartment rentals are great for travellers looking for affordable temporary housing. These rentals are fully furnished apartments with kitchens, living areas, and often in-unit laundry. They cater to both short stays and extended periods, giving a more home-like experience away from home.
Choosing a reputable provider is important for a smooth experience. DelSuites, a part of Tridel with 90 years of experience, offers a distinguished selection of short-term apartment rentals across the Greater Toronto Area.
With 19 locations spanning Downtown, Midtown, North York, Markham, Scarborough, Mississauga, and Etobicoke, DelSuites ensures a wide range of options to suit various preferences and needs.
Renowned for their commitment to quality and personalized service, DelSuites guarantees a memorable stay.
Short-Term Rentals vs. Traditional Hotels
When considering accommodations for business stays or extended travel, the choice between short-term rentals and traditional hotels can significantly impact comfort and budget.
Short-term rentals allow more flexibility in meal preparation and lifestyle but are also more cost-effective, especially for longer stays or when travelling with a team.
In contrast, hotels offer a traditional form of convenience. They are often preferred for short stays or when travellers prioritize room service and central locations. However, these can come at a premium cost, especially in high-demand areas or during peak travel seasons.
Higher hotel rates are even overshadowing the benefits of lower airfares for Canadians looking to make travel more affordable. The increase in hotel room rates across the country—a primary cause of today’s expensive travel—has continued since the pandemic, contributing to the overall cost.
Benefits of Short-Term Apartment Rentals for Businesses
Businesses can find short-term apartment rentals more cost-effective and flexible than traditional hotels. With lots of building amenities readily available, they provide comfort, convenience, and potential savings, making them an ideal solution for corporate travel needs.
Lower Rates
Apartment rentals usually offer lower rates compared to hotels, primarily because they operate on a different cost structure. Unlike hotels with fixed prices for their amenities, whether you want them or not, short-term rentals typically have fewer overhead costs.
Additionally, short-term rentals may provide discounted rates for extended bookings, making them a cost-effective choice for businesses looking to manage travel expenses more efficiently.
Reduced Daily Expenses
Short-term apartment rentals help businesses reduce daily expenses in practical ways.
One major perk is having a fully equipped kitchen. Travellers can prepare meals instead of dining out, saving money, encouraging healthier eating choices, and accommodating dietary preferences. Being able to cook is particularly beneficial for longer stays, where frequent restaurant meals can quickly add up in cost.
Meanwhile, features like in-unit laundry facilities eliminate the need for external laundry services. This convenience not only saves money but also time, enhancing productivity while working remotely.
Flexibility and Customization
Stay durations can be tailored to specific business needs, which is why you should consider short-term apartment rentals. These accommodations allow you to adjust the length of your stay without worrying about long-term commitments or penalties.
Moreover, businesses can choose accommodations that fit specific requirements, such as:
- Proximity to work sites
- Size
- Dedicated workspaces
- Multiple bedrooms
This customization ensures that the accommodation aligns perfectly with the business objectives and enhances overall quality and productivity for travellers.
Some short-term apartment rentals also offer bulk booking discounts. Businesses booking multiple units or extended stays may negotiate discounted rates, further optimizing cost savings and budget management.
Increased Employee Productivity
Choosing short-term apartment rentals can even boost employee productivity—that’s indirect cost savings. Here are some ways it works:
- A home away from home: Compared to hotels, short-term rentals have spacious living areas, separate bedrooms, and fully equipped kitchens. This comfort promotes relaxation and reduces stress, allowing employees to focus more effectively on work tasks.
- Improved sleep quality: The privacy and tranquillity of apartment-style accommodations promote better sleep quality, essential for maintaining high levels of productivity during business trips.
- Close to business centers: Many short-term rentals are strategically located near business districts, reducing commuting time and enhancing overall efficiency. This proximity allows employees to attend meetings and client visits more conveniently, maximizing their productive hours.
- High-speed internet: Apartments often come with super fast internet, which is essential for remote work or video conferencing.
The choice of short-term apartment rentals for business stays not only provides cost savings but also sets up the right environment for employees to perform at their best.
Enhanced Work-Life Balance
The spacious, comfortable, and personalized environment of short-term apartment rentals supports a healthy work-life balance.
- Better facilities: Many short-term rentals include amenities like fitness centers, party rooms, secured parking, playrooms for kids, pet-friendly spaces, and 24/7 security.
- Accessibility: Usually located in prime areas, short-term rentals give you convenient access to business districts, dining options, and recreational venues. Time is saved on commutes.
- Great housekeeping services: Expect reliable housekeeping services that ensure a worry-free living experience, allowing employees to focus on their professional responsibilities without the hassle of daily chores.
It’s clear that corporate travellers can benefit from these advantages, combining comfort and convenience with affordability.
Save Money With DelSuites: Cost Savings Without Compromise
Short-term apartment rentals optimize travel budgets without sacrificing a quality stay. Companies not only save money but also enhance employee well-being and productivity. For your next business trip, take advantage of the benefits of short-term apartment rentals and experience a seamless blend of efficiency and comfort.
But, not all apartment rentals are the same. You can upscale your business stay with DelSuites, providing quality furnished suites close to great neighbourhoods within the GTA. Known for its personalized service and excellent rentals, DelSuites can’t be beat. Contact us to upgrade your corporate accommodations today.
