Housr Launches Luxury Managed Stays in Top Cities

New Delhi, December 24, 2024: Luxury managed living brand Housr is expanding into the short-stay segment to meet the rising demand for flexible accommodations among corporate travellers. The expansion follows a significant growth witnessed by Housr over the past 18 months with over 90 per cent occupancy rates across its existing 70 plus properties in top-tier cities. 

The company is creating bespoke rooms within its properties for corporate short stays for professionals on the move, especially during the peak year-end travel period and beyond. A recent report suggests that India’s over $10.6 billion corporate travel sector is estimated to grow at a 10.1 per cent CAGR to $20.8 billion by FY30. 

Housr believes this new offering will redefine the corporate stay experience. Housr Founder & CEO Deepak Anand said, “Since its inception, Housr has witnessed an exceptional demand for short-term stays, signalling a gap in the market that we are now set to fill. Approximately 30-40 per cent  of our current residents expressed a desire for a capsule format of Housr tailored to facilitate their corporate travel seamlessly. This resident feedback has been a significant motivator behind our new initiative. Inspired by positive industry trends and real consumer demand in the growing corporate travel market, we decided to foray into the short-stay segment.”