The Sharing Economy Has Yet to Catch on in Extended Stay Business Travel
Photo Credit: A HomeAway vacation rental at Golden Gate Park in San Francisco. A new report says business travelers continue to choose extended stay hotels over short-term rentals. HomeAway
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About half of business travelers say their company's travel policy doesn't address extended stay lodging, leading them to book on their own.
Most business travelers who are on the road for long periods of time prefer to book their own accommodations and have yet to turn to the sharing economy or serviced rentals en masse.
The Global Business Travel Association (GBTA) released an updated report this week pulling from a survey of travel buyers and conversations with travel managers on the subject of extended stay accommodations. It found that while many business travelers prefer the amenities of an extended stay property, they still end up staying in a traditional hotel for long periods instead of serviced apartments or shared rentals.
"Most respondents mention traditional hotels (71 percent) or extended stay hotels (80 percent) as types of accom
