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Business Travel, Corporate Housing, Relocation

Global Mobility and the Employee Experience: Making Relocation Boost Business Success

December 18, 2024
global mobility

Employee relocation offers significant potential for both businesses and their teams. For companies, a strong global mobility program allows them to access talent around the world and strengthen their presence in key markets.

Relocating can also be a way for employees to grow professionally and personally, especially as trends like bleisure travel – blending business with leisure – have gained popularity. Many employees are eager for these unique experiences, seeing relocation as a way to expand their horizons while building their careers.

Yet, despite this potential, over 40% of businesses report no defined global mobility strategy. This powerful tool for business growth and employee engagement often gets underutilized.

Here’s our guide for you to get started. Now’s definitely the time for businesses to create mobility programs that support employees’ well-being and make relocation a rewarding experience.

What is a Global Mobility Program?

Global mobility is the structured relocation of employees to new locations – whether within the same country or across borders – to fulfill strategic business needs.

A global mobility program supports this process by handling every aspect of an employee’s transition, making it as smooth and stress-free as possible.

Some key elements of a global mobility program include:

  • Relocation Logistics: This covers the essentials of moving, from shipping personal belongings to coordinating travel. Companies often work with specialized relocation agencies to handle the details, making sure that employees and their families experience a seamless move.
  • Immigration and Legal Compliance: Navigating visas and work permits can be complicated. A well-managed program secures these essential documents and enforces compliance with local laws, which is crucial for protecting both the employee and the company from legal issues.
  • Financial and Tax Assistance: Moving can have significant financial impacts. Global mobility programs offer financial planning, tax equalization, and adjustments for cost-of-living differences. This gives employees peace of mind as they switch over to a new location.
  • Accommodation: Finding the right place to stay is essential for a smooth relocation. Furnished rentals are often provided as they offer more flexibility and comfort than hotel stays. These rentals come fully equipped with amenities like kitchens and laundry, helping employees feel more at home while keeping costs lower.

A complete global mobility program considers each of these factors to ease the transition for employees and their families, so they can focus on their new role and thrive in their new location.

Benefits of Global Mobility

Research shows that more than eight out of ten global HR decision-makers see relocation as a way to improve productivity. It’s no surprise then that many companies now use global mobility programs to retain top talent and support their most valued employees.

Among the benefits of employee relocation are:

  • Talent Development: Relocation offers employees a chance to gain valuable skills and experience in diverse settings. This can prepare them for future leadership roles.
  • Market Expansion: By moving skilled employees to key locations, businesses can enter new markets more effectively.
  • Employee Retention: Supporting employees with relocation opportunities demonstrates a company’s commitment to their growth, boosting loyalty.
  • Increased Productivity: Employees who feel supported in their new role and location are more likely to perform well, benefiting both the business and the individual.

When companies know how to welcome a relocated employee, the transition is smoother, making the employee feel more valued and ready to contribute.

Why the Employee Experience Matters in Global Mobility

Global mobility isn’t just about achieving business goals – it’s about caring for the employee’s journey, too. One of the common relocation mistakes that companies make is failing to help employees settle in once they arrive.

Without providing enough support, moving to a new location can feel overwhelming, which can lead to stress and impact their job performance.

Supporting employees’ mental health during a relocation is essential and seen as a major hurdle that companies need to tackle. Moving to a new culture, handling logistics, and balancing family needs can be a lot to manage.

Companies that offer mental health resources, like counselling and regular check-ins, help employees feel more at ease. It not only reduces stress but also makes a big difference to their overall experience.

By prioritizing employee experience in global mobility, companies improve not just employee satisfaction but also loyalty, productivity, and the overall success of the relocation.

Best Practices for Ensuring Employee Relocation Success

To ensure a smooth relocation, both the company and the employee need thoughtful planning and support.

Here are some best practices for a successful move:

  • Plan Ahead: Start the process early, giving employees enough time to prepare and adjust.
  • Provide Comprehensive Support: A strong relocation package should cover essentials like accommodation, family needs, and cultural training to make the transition as smooth as possible.
  • Communicate Clearly and Often: Keeping employees informed at every step reduces uncertainty and helps them feel more confident.
  • Support Cultural Integration: Resources like language classes and cultural workshops make it easier for employees to adapt to their new environment.
  • Regular Check-Ins: Staying in touch after the move shows support and helps address any issues that arise.

These practices create a positive relocation experience, making it easier for employees to adapt with ease.

Choose DelSuites for Seamless Employee Relocation

Now that we live in a more globally connected world, a thoughtful approach to employee mobility can redefine how businesses grow and engage talent.

By focusing on the employee experience and implementing a strong global mobility program, companies can be confident that relocations will lead to happier, more productive employees – and ultimately, business success.

At DelSuites, we understand the importance of a smooth transition when relocating employees. As one of Toronto’s most trusted providers of furnished rentals, we offer accommodations in vibrant neighbourhoods designed to make employees feel at home from the moment they arrive.

Get in touch with us to learn how DelSuites can support your global mobility needs.

Business Travel, Lifestyle talk, Vacation Travel

Travel Costs Are Set to Rise in 2025

November 27, 2024
rising travel costs

In recent years, global business travel pricing has reached a new and enduring peak. While prices will increase in 2025, the growth will be more moderate, ushering in what experts describe as “normalized growth,” said travel management company CWT in its tenth annual forecast.

The report, created in collaboration with the Global Business Travel Association (GBTA), highlights that although costs will continue to climb, the rate of these increases will significantly slow through 2024 and into 2025. The forecast includes slight upward trends in airfare, hotel rates, and car rentals worldwide.

Here’s a brief summary of the report’s predictions: 

Airfare

The global average ticket price was $668 in 2023, marking a 1.6% decrease. For Europe, the Middle East, and Africa (EMEA), the average ticket price stood at $785, a slight increase of 1.8%. 

Looking forward, 2024 will see a rise to $701 globally and to $797 in the EMEA region, marking growth rates of 1.9% and 1.5% respectively. By 2025, prices are predicted to reach $705 worldwide and $808 in EMEA, with modest growth rates of 0.6% and 1.4%.

Hotel Rates

Globally, the average daily hotel rate was $158 in 2023, an increase of 3.9%. The EMEA region demonstrated a higher increase of 6.8%, bringing daily rates to $157. 

Projections for 2024 set the global rate at $162 and EMEA at $160, with growth of 2.5% and 1.9% respectively. In 2025, global rates are predicted to rise to $165, while EMEA will see a rise to $163, reflecting a 1.9% and 1.8% growth.

Car Rentals

Average daily global car rental rates reached $44.30 in 2023, up by 3%. In the EMEA region, rates were slightly higher at $57, with a 2.5% increase. Forecasts show that in 2024, global rates will climb to $45.40, and EMEA rates will rise to $57.6, indicating growth of 2.5% and 1.1%. By 2025, rates will further increase to $46.50 globally and $58.1 in EMEA, with growth rates of 2.4% and 0.9%.

While pricing across major travel categories is levelling out, experts caution that the situation remains precarious. Nicholas Vournakis, Chief Customer Officer at CWT,  warned that this environment, characterized by small gains and price stability, is fragile. 

“There are many factors at play, whether its volatile oil prices, labor costs and constraints, inflationary pressures, and geopolitical factors,” he added.

Airfare, Hotel Rates, and Ground Transportation: More Findings

In this section, we’ll discuss the evolving landscape of business travel expenses, examining key factors such as airfares, hotel rates, and ground transportation costs, as presented by CWT. In 2023, they observed significant regional variations in pricing, influenced by post-pandemic demand shifts and supply challenges. 

Projections indicate a gradual upward trend from 2024 through 2025, highlighting steady increases in ticket prices, daily room rates, and rental fees. As travel regains momentum, businesses need to adapt strategies to manage costs effectively and capitalize on emerging opportunities.

Air Travel

  • The global average ticket price witnessed a minor reduction in 2023 but is expected to increase to $701 in 2024 and $705 in 2025.
  • EMEA’s ticket pricing will experience modest growth over the next few years.
  • North America anticipates the most notable uptick, with ticket prices reaching $804 in 2024.

Hotel Rates

  • The global average daily room rate climbed 3.9% to $158 in 2023, with different regions experiencing various rates of change.
  • Further steady increases in both global and EMEA regions are expected.

Car Rentals

  • Global car rental daily rates rose slightly, and similar moderate growth is projected for the ensuing years, maintaining a stable pricing environment across most analyzed regions.

Rethink Your Strategy for 2025

The CWT report advises a revamped approach in corporate and supplier interactions, changing the focus of the travel buyer. Here are the steps recommended for navigating the evolving landscape:

  • Reenergize pricing strategies: Stay focused on costs, introduce competition, and consider bold moves with new suppliers if prices continue climbing.
  • Holistic overview: Engage multiple stakeholders to grasp how business travel supports the organization.
  • Adjust key performance indicators (KPIs): With price stability, shift focus to new KPIs, emphasizing travel programs as valuable for employee engagement.
  • Continuous optimization: Embrace dynamic pricing powered by advancements in artificial intelligence and New Distribution Capability, necessitating ongoing negotiations.
  • Diversified pricing strategies: Acknowledge the varied pace of economic growth across regions and its effect on travel costs.
  • Explore new pricing approaches: As leisure markets soften, the traditional pricing power may decline, influencing how prices are set going forward.

Strategies outlined here provide a structured approach for businesses to navigate the fluctuating business travel market effectively. 

By embracing innovation, organizations can better manage costs and enhance value. Meanwhile, your ability to make plans and initiate cross-department collaboration will enable your business to respond proactively to market shifts. 

Implementing these strategies allows businesses to remain agile, optimizing their travel management and seizing potential advantages in a changing economic landscape.

Wrapping Up

In celebration of its tenth Global Business Travel Forecast edition, CWT and GBTA have also prepared a special supplement slated for release soon. This supplement will outline three potential future scenarios for business travel—Base, Boom, and Bust—extending to 2040. 

Furthermore, it will explore how emerging megatrends such as technological innovations, demographic shifts, sustainability imperatives, and geopolitical changes will influence business travel’s evolution.

Interested in exploring more travel accommodations and insights about Toronto? We at DelSuites invite you to visit our blog for more features on hotels and the city’s offerings.

About DelSuites: DelSuites stands out by offering high-quality furnished accommodations in excellent residential communities across the Greater Toronto Area (GTA). 

Recognized for its superior lodgings and exceptional personal service, DelSuites exclusively provides highly sought-after Tridel brand condominiums to its “Fortune 500” clientele. As one of the leading firms of its kind in the region, DelSuites offers professionally curated and meticulously maintained residences that feature luxurious Tridel lifestyle amenities and conveniences. 

 

Business Travel

Top 5 Networking Spots for Business Travellers in Toronto

October 23, 2024
networking spots in toronto

Beyond its exciting nightlife and diverse culinary landscape, Toronto is also a bustling business hub with over 190,000 active businesses as of April 2024, statistics say. This thriving metropolis offers endless opportunities for business travellers seeking to expand their networks. 

With its vibrant business culture, the city boasts an array of prime networking locations that cater to every professional need. We’ve curated a list of top networking spots in Toronto to help you narrow down your choices. 

1. The Livmore

Nestled on the southeast corner of Bay and Gerrard Street, The Livmore stands tall as a 43-storey high-rise condominium in the heart of Downtown Toronto. 

A mere five-minute walk from College Subway Station, this property ensures effortless access to the city. Commuters will appreciate the proximity to the Gardiner Expressway and Don Valley Parkway, streamlining travel across the region.

At The Livmore, business travellers will find more than just a place to stay; they’ll discover an ecosystem designed for networking and relaxation.

The Sky Lounge offers panoramic city views, perfect for informal meetings or unwinding after a busy day. Guests can also enjoy an outdoor terrace, a spacious 1,000 sq. ft. party room, and unlimited wireless high-speed Internet.

The Livmore is located near top attractions like the Eaton Centre, Yorkville mall, and major hospitals.

2. 300 Front Street West

Looking for the ultimate convenience in Toronto? 300 Front Street West is a Tridel 49-storey high-rise condominium that places you at the centre of it all. 

Just a 10-minute walk to Union Station and steps from the Gardiner Expressway, this location offers unparalleled access to the city. With a Walk Score of 99, daily errands don’t require a car.

Within a five-minute walk, explore iconic landmarks like Scotiabank Arena, Rogers Centre, and the CN Tower. Indulge in dining, theatre, and shopping options, all close by. 

On-site amenities include a screening room, seasonal rooftop infinity pool, private cabana lounges, and a sun deck. For wellness enthusiasts, there’s a co-ed massage room, tranquillity whirlpool, yoga, and a fitness centre. 

Nearby parks such as Simcoe Park and Clarence Square provide refreshing greenery amidst urban life. Whether networking or unwinding, 300 Front Street West offers the perfect blend of luxury and convenience.

3. Ten York

Here’s unmatched luxury. Ten York, a Tridel 65-storey high-rise condominium, rises majestically at Harbour Street and York Street. 

Surrounded by sporting landmarks and iconic tourist destinations such as CN Tower and Ripley’s Aquarium, this location is a hub of activity.

Business travellers will find everything they need, from buzzing cafes and gourmet bistros to world-class entertainment at venues like Roy Thomson Hall and the TIFF Bell Lightbox. 

The amenities are just as impressive—relax at the juice bar and lounge or host an intimate gathering in the private dining room. A theatre room and private lounge offer additional spaces for unwinding or networking.

Ten York’s strategic location makes it easy to combine business with pleasure, making daily routines and extraordinary experiences blend seamlessly. Whether entertaining clients or enjoying some downtime, Ten York’s offerings elevate every stay.

4. Qwest

Discover vibrant urban living at Qwest, a sleek 16-storey high-rise condominium at 168 Simcoe Street. A two-minute walk from Osgoode Station, this Tridel property makes city commuting seamless. 

Close to the Gardiner Expressway and nestled in the heart of entertainment, Qwest offers unmatched access to theatres, restaurants, and the PATH underground walkway system.

Amenities include a fitness centre, rooftop terrace with BBQs, party room, billiard room, and whirlpool with saunas. For business travellers seeking both convenience and excitement, Qwest delivers an unparalleled experience.

The building is also surrounded by the entertainment and fashion districts, and key attractions like Scotiabank Theatre and Rogers Centre.

5. The Well

Looking for urban sophistication? The Well at 470 Front Street West is a modern gem that extends the vibrancy of the King West neighbourhood, boasting cutting-edge finishes that marry comfort and convenience. Transit options include the King or Spadina streetcar and St. Andrew Subway Station, with close access to the Gardiner and DVP for easy travel.

Embrace a lifestyle enriched with contemporary amenities—stay active in the fitness and yoga studios or take a dip in the outdoor swimming pool. 

Socialize in the fireplace lounge with BBQs and pizza ovens, or enjoy the entertainment lounge complete with a dining room and games room. A dedicated dog run also ensures every family member is catered to.

6. Element

Located at 20 Blue Jays Way, Element places you right in the heart of the entertainment district. Just an eight-minute walk from St. Andrew Station and close to the Gardiner Expressway, this location offers unparalleled urban accessibility. 

Enjoy a vibrant lifestyle with theatres, restaurants, and shops within a five-minute walk.

Element’s amenities include a rooftop fitness centre, aqua spa, saunas, and a theatre room. Unwind in the billiards room or on the rooftop terrace with a catering kitchen. The party room is ideal for hosting gatherings.

More Than Just Networking Spots

Toronto offers incredible networking opportunities for business travellers, and DelSuites enhances this experience with premium apartment rentals at each prime location we’ve discussed. 

Yes, DelSuites has exceptional units at these top spots that are tailored specifically for business travel needs.

Each DelSuites unit in Downtown Toronto has unlimited wireless high-speed Internet, ensuring you’re always connected.

Fitness and Health, Lifestyle talk, Medical Stays

How to Make Medical Stay Travel Comfortable

March 20, 2024

Many people travel for medical care and they do so for many reasons – whether it’s due to costs, a long wait list, to see a specialist doctor or a need for a treatment that isn’t available in their area. No matter what the reason, here are some tips that will make medical travel more comfortable.

Speak to Other Patients and Medical Staff – Medical Stay Travel

One of the most helpful ways to prepare for medical stay travel is to speak with past patients and medical staff. What was their experience like? What do they recommend to make the trip go more smoothly?  Talking to someone who has first-hand knowledge is incredibly valuable. Your doctor or hospital contact may have a list of past patients who have granted authorization to be contacted by prospective patients.

Keep Your Documents Organized

You’ll need to bring medical records with you, such as X-rays, prescriptions, immunization records and other information. Make sure that you make copies and leave one set of copies in a safe Medical Stay Travelplace at home. Also, ensure that you have the correct travel visa for your trip.

Find an Accommodation Near Your Treatment Centre

When you are travelling for medical stays, the last thing you want to do is spend a lot of time commuting across the city back and forth to the hospital. Look for a furnished condo rental in Toronto that is close to your treatment centre so that you can get to your appointments quickly and easily.

Serviced apartments offer spacious bedrooms and living spaces that will allow enough room to recover in comfort. Also, you’ll have plenty of room to bring friends or family members along to assist you.

Ask If They Offer Medical Rates

Your accommodation provider may offer a discounted rate if you let them know that you are going to be staying there for medical stay travel. This can help to keep the expenses of your trip down, so it’s certainly worth asking about!

Look for Self Catered Accommodation

Medical Stay TravelThere’s something very comforting and convenient about having your own fully equipped kitchen in your accommodation. If you have to stick to a particular diet for medical reasons, it will be easier when you can choose your ingredients and cook your meals. Also, sometimes after spending a day on appointments with doctors, you might not feel like going out for dinner and may prefer to eat in.

Home Health Care and Medical Services

There are services which will support you with home health care and medical supplies while you are travelling for medical treatment. DelSuites partners with AgTa and Essentially You to provide a number of health services in their furnished apartments, including wheelchairs, canes, crutches, personal care, meal preparation, rehabilitation and much more. They also provide babysitting services if you need someone to watch your children if you need.

If you require healthcare services or supplies during your stay, contact them to find out more about the options.

Providing Flexible Living Options

Are you looking for a short-term furnished rental for over 30 days in downtown Toronto? Be sure to start your search today for a suite for your medical stay located closest to where you need to receive care today.

Food & Recipes, toronto toursim, Vacation Travel

The Best Beer Gardens Toronto Offers

August 14, 2023
Beer Garden Toronto

Drinking and eating outdoors is a popular Canadian pastime. The weather is only nice for a fraction of the year, so we like to make the most of it before the snow starts to fall again. Why not spend every possible moment enjoying the sunshine? Plus, after a big day of sightseeing and wandering all over Toronto, there’s nothing more satisfying than settling into a chilled-out beer garden and taking a big sip of a cold frothy one. Here are a few of the best outdoor beer gardens Toronto offers.Here are a few of the best outdoor beer gardens Toronto offers.

Granite Brewery

This popular beer garden in Mount Pleasant and Eglinton has been around since before the hipster trend of craft beers in Toronto. It is a great chilled-out space serving a selection of classic English-style beers that are made on-site. You can choose to hang out on the outdoor patio on the front that faces the street, or the more private back patio that overlooks a lovely garden. If you really fall in love with the chilled-out atmosphere you could consider tying the knot here – the Granite Brewery hosts weddings.Beer Gardens Toronto

Mascot Brewery Beer Gardens Toronto

Located in the heart of downtown on Mercer Street, this casual and sunny beer garden in Toronto is a great place to grab a drink with friends on a hot summer’s day. There are communal picnic-bench style seats perfect for socializing and there is even a food truck to fulfil your beer-fueled appetite. The AstroTurf on the floor and the laid-back vibe make it feel like you are just hanging out at your buddy’s house for a weekend barbeque. If you are visiting with a larger group, it is even possible to order a five-litre keg of craft brew which you can self-serve.

Amsterdam Brewhouse

This great watering hole has a large beer garden right on the waterfront, which comes to life with laughter and conversation every summer. There are three different outdoor areas you can sit in, depending on how close you want to be to the water.

This Brewhouse also offers a superb selection of beer, including several special housemade brews. The selection changes every month, so Beer Gardens Torontoevery time you come back you will find something new on the menu to try. They also serve food – yummy bites that pair well with a cold glass of beer such as Honey Sriracha Chicken Wings, Amsterdam Pretzel and Crispy Brussel Sprouts with Bacon and Feta Cheese.

The Pilot Tavern

Check out the “Flight Deck” of the Pilot Tavern, a rooftop beer garden offering sunshine, great food, cold drinks and a great atmosphere. High on a roof in Yorkville, it is removed from the hustle and bustle of the street and it is fully equipped with retractable awnings and heaters so you can keep on drinking no matter what the weather. In fact, it has been around for more than 70 years and was named by the readers of The Globe and Mail as Canada’s Favourite Patio.

Enjoy these great summer spots and more when you stay in Toronto

If you are looking to enjoy living in downtown Toronto for a summer to enjoy all this and more that the GTA has to offer, be sure to find a furnished rental in downtown Toronto now.