Series Three: Workers and Business Travelers – The Backbone of Calgary’s STR Market

Calgary’s short-term rental market is far from just a hub for tourists looking to explore the city. In fact, one of the largest and most consistent guest segments are business travelers and workers from out of town. With the city’s significant presence in industries like oil and gas, construction, and corporate services, it’s no surprise that Calgary attracts many professionals who need short-term accommodations while they work on assignments.

For workers, especially those on temporary or contract assignments, short-term rentals provide an appealing alternative to hotel stays. Many of these guests are often away from their families for weeks or even months at a time, so the comforts of a home-like space—complete with kitchens, laundry facilities, and extra space—are crucial. Additionally, short-term rentals tend to be more cost-effective than hotels, particularly for those staying for longer periods.

A growing trend in Calgary’s STR market is the demand for rentals that cater specifically to the needs of business travelers. These might include properties near downtown Calgary’s business district or close to industrial areas where projects are taking place. A fully equipped home office or access to high-speed internet can be just as important as proximity to work sites.

Unlike tourist-heavy cities, where STRs might see a spike in occupancy during specific seasons, Calgary’s business travelers provide a steady and reliable source of demand. Even during the winter months, when the city sees fewer tourists, business-related stays can keep the market stable.

For hosts, understanding the needs of this group is key. Business travelers often expect seamless check-ins, high-quality amenities, and locations that allow for easy access to their work sites. Hosts who cater to this group can find success in creating a tailored experience that accommodates longer stays and professional needs.