St. Louis, MO (PressExposure) March 30, 2009 -- Corporate housing expert, VIP Corporate Housing, proves that the corporate housing and employee relocation industry is still thriving despite the economic turndown. The company is projecting that their first quarter earnings will be consistent with previous years. Corporate relocation as an industry accounts for $24 billion annually.
"In today's economy, companies are cutting back on extravagant luxuries, but relocating employees still need a place to stay." said Brad Laspe, Vice President & General Manager for VIP Corporate Housing. "This is why companies are now turning to executive housing leases as opposed to hotels as their preferred accommodation solution."
As a testament to the consistent demand in the business relocation and corporate housing industries, VIP Corporate Housing has been steadily growing in 2009. The company's lease percentage is on par with 2008 numbers. Additionally, the company just added an eight unit building in posh Clayton, Mo to its portfolio. VIP Corporate Housing attributes the company's success to their fair pricing structure, superior accommodations and industry credibility.
"At VIP Corporate Housing, we pride ourselves in providing a superior product while at the same time delivering competitive rates," said Laspe. "This is why VIP Corporate Housing is poised to prosper during this economic downturn. Corporate executives can be confident that their employees will not have to worry about their vendor shutting their doors and leaving their employees out in the cold if they partner with VIP Corporate Housing."
VIP Corporate Housing built a loyal customer base by providing incredible accommodations that are less expensive than extended stay hotel prices. Every apartment has everything needed to make a home, including all kitchen utensils, house wares, linens, high-speed internet and more. Plus, for the business traveler wanting a luxe package, VIP offers an array of a la carte amenities. These additional services include housekeeping, newspaper delivery, premium cable, HDTV, DVRs, gaming systems and gym memberships among others. And there is room to stretch out; the average VIP apartment is more than twice the size of extended stay hotel suites.