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

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

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

• Hotel and Lodging Certification: This certification is provided by the American Hotel and Lodging Association (AHLEI) and is designed to recognize individuals who have demonstrated a high level of competence and professionalism in the hospitality industry. It covers a wide range of topics, including customer service, housekeeping, front desk operations, and food and beverage service. The certification is recognized by many employers in the industry and can help individuals advance their careers.
• Servsafe Food Handler Certification: This certification is provided by the National Restaurant Association and is required by many states for food service workers. It covers topics such as food safety, sanitation, and hygiene. The certification is valid for three years and can be obtained through an online course or in-person training.
• OSHA 10-Hour General Industry Certification: This certification is provided by the Occupational Safety and Health Administration (OSHA) and is designed to provide workers with an overview of common safety hazards in the workplace. It covers topics such as fall protection, electrical safety, and hazard communication. The certification is valid for five years and can be obtained through an online course or in-person training.
• Certified Hospitality Facilities Executive (CHFE): This certification is provided by the International Executive Housekeepers Association (IEHA) and is designed for individuals who manage housekeeping and facilities operations in the hospitality industry. It covers topics such as cleaning and maintenance, sustainability, and leadership. The certification is recognized by many employers in the industry and can help individuals advance their careers.
• Certified Lodging Security Director (CLSD): This certification is provided by the American Hotel and Lodging Educational Institute (AHLEI) and is designed for individuals who manage security operations in the hospitality industry. It covers topics such as risk management, emergency preparedness, and loss prevention. The certification is recognized by many employers in the industry and can help individuals advance their careers.

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.

The anticipated future trajectory of the NAICS 721310-01 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Growing

  Corporate Lodging is expected to experience growth in the coming years due to the increasing demand for temporary housing for business travelers. The industry is expected to benefit from the growth of the US economy, which will lead to an increase in business travel. Additionally, the rise of remote work and the gig economy is expected to increase the demand for temporary housing for workers who need to travel for short-term projects. However, the industry may face challenges due to the increasing popularity of home-sharing platforms like Airbnb, which may provide cheaper alternatives for business travelers. Overall, the industry is expected to grow steadily in the coming years.

Recent groundbreaking advancements and milestones in the Corporate Lodging industry, reflecting notable innovations that have reshaped its landscape.

• Mobile Check-In: Many corporate lodging providers are now offering mobile check-in options, allowing guests to check in and access their rooms using their smartphones.
• Smart Rooms: Some corporate lodging providers are incorporating smart technology into their rooms, allowing guests to control the temperature, lighting, and other features using their smartphones.
• Co-Working Spaces: Some corporate lodging providers are now offering co-working spaces, allowing guests to work and collaborate with others while on the road.
• Sustainable Practices: Many corporate lodging providers are adopting sustainable practices, such as using energy-efficient lighting and reducing water usage, to appeal to environmentally conscious travelers.
• Contactless Payment: In response to the COVID-19 pandemic, many corporate lodging providers are now offering contactless payment options to reduce the risk of transmission.