Corporate retreats are not a new concept, as businesses have been meeting off-site for many years to discuss goals and objectives while at the same time hoping to build company morale via team building activities. As remote and hybrid work schedules continue to be the norm, more brands are scheduling corporate retreats and in-person meet-ups at vacation home rentals as opposed to renting out entire floors of hotels or resorts, as has been the practice for many years.
According to Betterteam, a corporate retreat is a chance for employers to affirm the company’s values and speak more candidly about long-term goals. When employees are in a relaxed but stimulating environment, this encourages creative thinking that can provide valuable input. When employees feel that their mental health is prioritized through a retreat, they feel more willing to contribute to the goals of the company and expend more energy. A retreat also allows employers to learn more about their staff and how best to relate to them in the workplace.
Within the last year AvantStay, a pioneer in the short-term rental industry, has seen an increase in corporate retreat bookings for its homes throughout the country, a trend that is particularly strong in California.
- AvantStay uptick in corporate retreat bookings from 2019 to 2022 is 429%
- Wellness, Finance, Tech and Web3 companies are the most popular industries booking the retreats and off-sites
- Companies such as Dolce Vita and Convivialité Ventures have held retreats offsite with AvantStay
- Most popular market for the corporate off-sites is Coachella Valley, CA
- Most popular corporate off-site homes are – Villa Verbena, Mesquite 38, Buena Vista, Polo Villas
AvantStay offers services for guests that include private in-home chefs, event set-up services and unique partnerships to ensure supplies are in-home. Vacation homes offer a more intimate setting, for corporate retreats to allow co-workers to connect with their colleagues enjoy time and participate in trainings in a relaxed setting. Homes like AvantStay’s Polo Villas, a group of 11 homes right next to each other in Coachella Valley, give brands the opportunity to book many properties in close proximity for larger group retreats.
“AvantStay was the perfect offsite choice that gave our team a chance to connect in a beautiful space that felt like home,” says a Convivialité Ventures official. “We had everything we needed like high speed wifi, screens, and multiple rooms for breakouts. Our concierge helped plan everything beforehand, pre-stocked our fridge, and coordinated a private chef for a delicious group dinner. The whole retreat was seamless and offered our organization a much-needed reset and reunion.”
In recent years, Rosewood Washington, D.C. has seen a rise in bookings for their Townhouse accommodations for corporate retreats and meetings because of the amenities and services participants receive. Groups that book the property’s Townhouse accommodations are offered the elevated services of a luxury hotel, while still being able to experience the unmatched privacy, exclusivity, and creative freedom that a corporate retreat requires.
Located in the historic Georgetown neighborhood, Rosewood Washington, D.C. is an ideal place for groups to stay. The property has six standalone Townhouse accommodations that offer an entirely residential experience unavailable anywhere else in Washington, providing privacy coupled with the same elevated guest services found when staying at the hotel. Each suite is approximately 1,000 sq. ft. in size and boasts private entrances, dedicated living spaces, fully equipped kitchens and private back courtyards. These accommodations have been frequently used for large group meetings, where a company will book two townhouses for the group – one for living accommodations and one for the meeting or retreat. The property will then rearrange the townhouse for the meeting, boardroom style, to accommodate a group of up to ten people. The group can arrange meals from the property’s restaurant, CUT by Wolfgang Puck.
Gabor L. Vida, Managing Director, says, “In the last few years, as companies adjust their planning and meeting structure to adjust to today’s circumstances, we’re seeing that the needs of meeting organizers are changing as well. Companies are looking for unmatched luxury services while still being able to offer participants the flexibility to comfortably work through various team building and planning needs. This is what makes the Townhouses so successful for these types of retreats, and why we’re continuing to see a rise in companies booking multiple Townhouses. In this year alone, we’ve booked these accommodations for 35 nights for corporate groups. We typically recommend that groups utilize one Townhouse for the meeting and another for living accommodations, catering to the participant’s personal and professional needs.”