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Short-term rental (STR) describes furnished self-contained apartments or houses that are rented for short periods of time. [1] They are usually seen as an alternative to hotels . "Short stay" rentals are an offshoot of the corporate housing market, [ 2 ] and are also offered by private owners and investors via online platforms such as Airbnb .
A hostel is a form of low-cost, short-term shared sociable lodging where guests can rent a bed, usually a bunk bed in a dormitory sleeping 4–20 people, [1] with shared use of a lounge and usually a kitchen. [2] Rooms can be mixed or single-sex and have private or shared bathrooms. Private rooms may also be available.
Best Available Rate (BAR), also known as Best Rate Guaranteed (BRG), is a pricing mechanism used by hotels and hotel chains. It was introduced as a result of the hotel industry mimicking the airline industry, which sets price by forecasting demand. There are several interpretations and executions of BAR in the hotel industry.
Lodging is reimbursed on a cost-basis with a location-dependent cap. [2] Domestic M&IE and Lodging rates are established by the General Services Administration while overseas rates are determined by the United States Department of State Office of Allowances. [3] Some locations have furnished apartments for long-term stay.
The Sofitel Chicago Magnificent Mile, formerly named the Sofitel Chicago Water Tower, is a hotel in Gold Coast neighborhood of Chicago, Illinois. [1] It is operated by the Sofitel hotel chain. The hotel was designed by French architect Jean-Paul Viguier .
The mayor's office map extends the Gold Coast south to the area of Northwestern University's Chicago campus. As of 2011, Gold Coast ranks as the seventh-richest urban neighborhood in the United States with a median household income of $153,358. [5]
The YMCA Hotel is a historic former hotel located in the Loop community area of Chicago, Illinois. The hotel, which was designed by Robert C. Berlin and James Gamble Rogers, opened in 1916. Originally marketed by YMCA as a cheap residence for young, single men, the hotel began marketing to a wider clientele when the Great Depression created a ...
There are 178 official neighborhoods in Chicago. [1] Neighborhood names and identities have evolved due to real estate development and changing demographics. [2] Chicago is also divided into 77 community areas which were drawn by University of Chicago researchers in the late 1920s. [3]
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