Source: The Corporate Housing Industry Report - 2018
US corporate housing Average Daily Rate was $161 in 2017. The majority of individual MSAs reported an increase of ADR growth in 2017 resulting in a 7.1% increase of 2016, making it the strongest ADR growth since 2007.
For the seventh successive year, relocation was the largest reason for using corporate housing in the US, with project/training as the second largest reason. These two groups account for over 54% of the market. The technology sector generates the most demand for corporate housing by industry.
For a complete copy of the Corporate Housing Industry Report, order here. This report is complimentary to media representatives. The report summarizes a total of fifty-five US markets and five markets in Canada. Each market is specifically and individually highlighted.