Q4 2025 Updates: What to Expect in Global Corporate Housing Markets

Dwellworks Living provides quarterly market and Average Daily Rate (ADR) pricing updates to empower global mobility and business travel clients to make informed accommodation decisions in key cities across APAC, EMEA, and the Americas. Our Q3 reports combine macro-level data with local expertise, offering a strategic advantage for analyzing and updating travel and accommodations policy benefits, practices, and reporting in line with the latest trends and expectations.

Key Q4 Travel Policy Trend - Increased Interest in Cost Saving Solutions

In Q3, we shared research from the Global Business Travelers Association (GBTA) predicting a 6% growth in business travel spend, including accommodations, in 2025 versus 2024. This prediction was tied to a continued expected return to standard business travel practices, balanced by ongoing caution and cost control policies from global employers in an uncertain geopolitical and tariff and trade environment. 

As we move through the final quarter of the year, corporate travel, especially at large organizations, continues to an area of both cost scrutiny as well as business opportunity. In its recently published 2025 Corporate Travel Study, Deloitte describes corporate travel as operating in a “backdrop of mixed and muted signals.” Among the positive signals, and those we see in Dwellworks Living bookings, is an increased travel commitment from companies to training and in-person collaboration.

Corporate travel buyers also continue to look for effective cost control measures, while responding to the needs of a wide range of travelers. This alignment of an interest in alternative options for travelers, as well as in lower costs, is an opportunity for expanded uptake of furnished accommodations. Furnished apartments are an attractive alternative to hotels for the longer stays associated with projects, training, client work, and team collaboration. The data on Average Daily Rates for these properties as tracked in our proprietary Market Rate Indicator, points to stable-to- lower daily accommodations costs in many markets due to expanding supply from increased property developer investment. 

Market Rates Reflect Supply, Demand, and the Impact of Local Regulations 

We observe mostly stable pricing in short-term temporary living rentals across the global locations served by Dwellworks Living, supported by generally sufficient supply in most markets. 

1. Corporate Policies Are Shifting from Hotels-Only to Choice-of-Accommodations: Dwellworks Living has previously noted a directional shift from travel buyers away from a nearly exclusive focus on hotels to accommodations programs which support traveler choice in a well-managed environment that supports the ability to compare pricing and amenities. Corporate Housing is increasingly a preferred choice for homelike living and lower costs for stays of 5+ days.
    
2. Supply is Good in Markets that Favor Development: Across the 30+key markets we track for our quarterly reports (and the over 900 markets we track overall with our Market Rate Tool), the general trend is good availability and the ability to present multiple options for each request for housing. This is especially the case in markets in the Middle East, London, Singapore, and the San Francisco Bay Area where property development is expanding, resulting in more options. Demand is also strong in these markets, resulting in manageable ADRs for the end of year, when travel and relocation activity tends to be lower.
    
3. Regulation and Cost-of-Investment Barriers Impact Supply in Some Key Markets: In some markets such as Amsterdam and Madrid, local governments continue to focus on regulations that enable greater housing supply for local residents, with the consequence of shrinking rental inventory overall. In other markets, such as Bengaluru, the demand is strong, but the ROI on property development is more limited as clients expect low-cost solutions, providing less incentive to investors. Our booking and supply chain experts work directly with landlords to add options to our database and curate and expand our vetted and compliant portfolio options to ensure depth of choice even in challenging markets.
    
4. Travel for Groups, Training, and Client-Work Continues to Grow: The Deloitte 2025 Corporate Travel Study reinforces a trend noted by GBTA towards more diversified business travel needs. Business travel supports activities beyond direct sales, including, importantly, team building, client-engagement, and training. Furnished living accommodations are often a more affordable, more comfortable option for these travel needs.
     
5. Economic and Trade Uncertainty Will Continue to Impact Travel Budgets: Business travel in general is often less active in the fourth quarter of the year. This may especially be the case in Q4 2025 as companies evaluate impact of economic policy on their bottom line and develop strategies for 2026 that are both growth and cost-control oriented. 

How Dwellworks Living Helps Relocation and Business Travel Clients Stay Ahead

With a portfolio of 80,000+ professionally managed, vetted, and security compliant properties in 125+ countries, Dwellworks Living can meet the needs of any travel buyer or global mobility manager. Our reach and depth are extended by the operations of Dwellworks Destination Services, whose 2500 Destination Consultants offer unmatched expertise in hundreds of cities across 16 high volume relocation assignment countries, enabling us to source unique, private landlord and bespoke options for client-specific requirements and in remote or challenging markets. 

Through epic®, the temporary living industry’s most powerful, responsive, and customized technology for sourcing and managing furnished accommodations, we present Top Options. These options are systemically matched to client criteria and then vetted by our experts to ensure a high Match Score between the options and customer expectations. As a solutions and service expert in every region of the world, we help travelers and relocating employees understand their options and make informed choices quickly to ensure an accommodation is secured that offers the greatest comfort and service support at competitively secured pricing, whether the stay is for 7+ days of business travel or a multi-year relocation assignment.

Our Q4 reports for Temporary Living cover:

• Temporary Accommodations Trends in Key Markets in APAC, EMEA, and the Americas
• Pricing and Availability Analysis

Download Market Reports

Interested in more insights?

Read our Q4 Rental Market Reports from Dwellworks Destination Services.

Download Market Reports 

For more information on Dwellworks Living and global corporate housing solutions, contact us today:

Current clients - please contact your Dwellworks Living Client Services Director

Prospective clients - contact [email protected]

Connect with us at DwellworksLiving.com today to stay informed about the fast-moving global temporary living / furnished accommodations landscape.

About Dwellworks and Dwellworks Living

Dwellworks is the world’s leading provider of accommodation and acclimation support services for the mobile workforce and business travelers. We specialize in global destination services, corporate housing, and intercultural training, as well as property management and real estate services in key US markets.

Our clients trust us to deliver personalized high-quality service experiences, powered by innovative technology and supported by our extensive local presence in hundreds of locations worldwide. Through our brands Dwellworks, Dwellworks Living, and Station Cities, we offer a comprehensive range of service options, global reach, local expertise, and passion for the customer service experience.

Driven by a commitment to excellence, we continuously pursue innovation and operational efficiency and invest in meeting rigorous global compliance standards for data security, financial management, and sustainability. Whether supporting corporate travel or relocation, domestically or around the world, we work in partnership with our clients to ensure talented employees and their families transition smoothly and thrive in their new locations.

For more information, please visit our company brands at Dwellworks.com, DwellworksLiving.com, and StationCities.com.