Explore the benefits of corporate housing versus hotels for intern accommodations and discover which option provides the best experience for your intern talent.

According to our latest research, a staggering 63% of companies cite finding suitable and affordable temporary housing for interns as their biggest challenge. The issue is compounded by the fact that many interns lack the funds or credit history needed to secure rentals or set up utilities.

When companies leave interns to navigate this on their own, without proper guidance, it can lead to stress, uncertainty, and a diminished experience. And if interns don’t feel supported? They may take their talents elsewhere.

Companies often weigh the benefits of corporate housing versus hotels when addressing intern accommodation needs. Both options offer distinct advantages, but which provides the best experience for your intern talent? Let’s explore!

Corporate Housing: A Home Away from Home

While corporate housing is typically considered an option for seasoned business travelers, the spacious and fully furnished aspect of these units works well for intern populations. With separate living areas, bedrooms, and kitchens, corporate housing accommodations allow interns to cook meals, relax and collaborate with fellow interns in a home-like atmosphere, which can lead to a more comfortable, productive, and social intern experience. But the benefits don’t end there:

All-Inclusive Amenities
One key benefit of corporate housing is the array of amenities it offers. High-speed internet, in-unit laundry, and fully equipped kitchens are standard features. Additionally, fitness centers, pools, and business lounges contribute to a well-rounded living experience. These amenities make life more convenient for interns and support their well-being and work-life balance.

Cost-Effective for Extended Stays
Corporate housing is generally more cost-effective for extended stays than hotels. According to our research, corporate housing can save companies between 5% and 29% on accommodation costs compared to traditional hotel room rates. Interns can also save on dining out and laundry services, reducing overall costs. The stable pricing of corporate apartments helps companies manage budgets more effectively, making it a financially sound choice. Additionally, corporate housing units typically include cooking facilities, allowing interns to prepare their own meals, which can lead to significant savings over time.

Flexible Lease Terms
Corporate housing offers flexible lease terms that accommodate short and long stays. This flexibility is particularly beneficial for internship programs with varying timelines. Companies can adjust housing arrangements based on the program’s duration, ensuring interns have a place to stay for the entire period.

Community and Networking
The layout and amenities of corporate housing units help to foster a sense of community and belonging among interns. Living together allows them to build connections, support each other, and build a more cohesive team. This sense of community can enhance morale and productivity, making the internship experience more enjoyable and rewarding.

Safety and Security
Corporate housing often includes robust safety measures, such as secure building access and 24/7 emergency support. Ensuring the well-being of interns is paramount, and corporate housing provides a safe and secure environment for them to thrive.

Hotels: Convenience and Professionalism

Hotels are a popular option for housing interns and offer distinct advantages. Interns can enjoy the convenience of daily housekeeping, room service, and on-site dining options, which can be particularly appealing for short-term stays. Here are the other key benefits:

Enhanced Experience
Hotels are often strategically located near the workplace or with easy access to public transportation, minimizing commute times and enhancing convenience. This proximity can reduce stress and help interns focus on their work.

Reduced Stress
By managing housing arrangements directly, companies can secure safe, comfortable, and strategically located accommodations that meet corporate standards. This alleviates the (oft-stressful) administrative burden upon your interns, allowing them to fully immerse themselves in the program and their new roles without worrying about housing logistics.

The Better Fit for Your Interns: Corporate Housing

While hotels are a convenient option for intern housing, corporate housing wins by a landslide when it comes to value and overall experience. With a wide range of cost-effective options, plus the space and amenities that foster community-building, corporate housing offers a well-rounded solution that enhances interns’ well-being and productivity.

Investing time in securing the right housing solution isn’t just about logistics—it’s a clear statement of a company’s commitment to its workforce. When interns feel supported, they feel valued, leading to higher recruitment success, stronger engagement, and long-term loyalty. And in today’s ultra-competitive talent market, that’s a proven strategy for success.

For additional information please contact Marian Sauers 973-898-8634 / msauers@weichertch.com.