Ever considered renting your own pad when out on the road? Short-term apartment rentals typically boast roomy quarters, fully equipped kitchens and an almost-like-home feeling. Plus, these digs can be lighter on your pocketbook than corporate lodgings. A recent study conducted by Business Travel News magazine found that short-term apartment rentals can save business travelers up to 49 percent on average corporate per diems.
The study, commissioned by New York City-based Barclay International Group, which rents apartments in many major European cities, found substantial savings when comparing its short-term rental costs to hotel prices. In London, for instance, the average daily rate was $201 for short-term rentals vs. $352 for corporate-rate accommodations--43 percent less. When comparing meals, average meal costs per day in London ate up $108 vs. $25.65 for short-term apartment dwellers who ate in.
True, some business travelers don't have enough time to prepare meals. But the study found that just using the kitchen for one meal could add up to significant savings. Also scoring big points: Apartments often include laundry facilities.