Half of business travelers say their company’s travel policy doesn’t address extended stay lodging.
Welcome to the land technology forgot. High-end leases negotiated and signed via fax. Millions of dollars in apartment inventory — in some of the hottest real estate markets in the country — tracked on whiteboards with dry-erase markers. Client histories recorded in longhand in legal notebooks and stashed in manila folders.
U.S. business travel is inexpensive compared to the rest of the world, but even a city like Hartford can get costly in a hurry.
For most of this cycle, luxury apartments have been opening in gateway markets, like San Francisco and Washington, D.C. But RentCafe's Nadia Balint says this luxury trend is spreading to under-the-radar locales, like Kansas.