NAICS Code 721310-01 - Corporate Lodging

Marketing Level - NAICS 8-Digit

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NAICS CODE 721310-01
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NAICS Code 721310-01 Description (8-Digit)

Corporate Lodging is a type of accommodation that caters specifically to business travelers. It involves providing temporary housing for employees of companies who are traveling for work purposes. Corporate Lodging can range from extended-stay hotels to fully furnished apartments. The focus is on providing a comfortable and convenient living space for the duration of the employee's stay.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 721310 page

Tools

Tools commonly used in the Corporate Lodging industry for day-to-day tasks and operations.

  • Property Management Software
  • Online Booking Systems
  • Customer Relationship Management (CRM) Software
  • Revenue Management Software
  • Housekeeping Management Software
  • Electronic Door Locks
  • Energy Management Systems
  • Point of Sale (POS) Systems
  • Accounting Software
  • Wi-Fi Network Management Tools

Industry Examples of Corporate Lodging

Common products and services typical of NAICS Code 721310-01, illustrating the main business activities and contributions to the market.

  • Extended-Stay Hotels
  • Corporate Apartments
  • Serviced Apartments
  • Executive Suites
  • Corporate Housing Providers
  • Short-Term Rentals
  • Furnished Rentals
  • Temporary Housing
  • Business Travel Accommodations
  • Corporate Accommodations

History

A concise historical narrative of NAICS Code 721310-01 covering global milestones and recent developments within the United States.

  • Corporate Lodging has been a part of the hospitality industry for many years. The industry has its roots in the early 20th century when companies started providing lodging facilities to their employees who were traveling for work. The first corporate lodging facility was established in the United States in the 1920s by the Ford Motor Company. The industry saw significant growth in the 1950s and 1960s when many large corporations started providing lodging facilities to their employees. In recent years, the industry has seen a shift towards more modern and luxurious facilities, with many companies investing in high-end amenities and services to attract business travelers. In the United States, the corporate lodging industry has seen significant growth in recent years. The rise of the gig economy and the increasing number of remote workers have led to a surge in demand for short-term lodging options. The industry has also benefited from the growth of the tech industry, with many companies providing lodging facilities to their employees who are traveling for business. In addition, the COVID-19 pandemic has led to an increase in demand for corporate lodging facilities as many companies have implemented remote work policies, leading to an increase in business travel. Overall, the corporate lodging industry in the United States has a bright future ahead.