CHPA: A Harbinger of Economic Recovery
Sixteen years ago, Tim Dugan and Gavan James, formerly of Oakwood Corporate Housing, now CEO of Nomad, had a crazy idea. Why not start a professional trade association to support corporate housing providers. With a handful of furnished housing providers (I am proud to say Princeton was one of the early members), they founded the Association of Temporary Housing Providers (ATHP) and several years later renamed it to the Corporate Housing Providers Association (CHPA).
Two weeks ago in Miami, CHPA had its largest conference in history with over 480 attendees from around the world. The mood was upbeat and very positive. With increasing corporate relocations and special consulting projects, the need for short term furnished apartments is growing. The common theme from every session was that demand for corporate housing will be strong for the foreseeable future.
Perhaps, the increase in furnished housing is a harbinger of an overall national economic recovery.
For more information on CHPA click on www.chpaonline.org.