ST.LOUIS, MO (July 21, 2014) — VIP Corporate Housing, a leader in providing innovative corporate housing solutions, has been named the 8th Fastest Growing Company by St. Louis Business Journal. Since December of 2011, the company has seen a 100.22% increase in revenue to $6.6 million in 2013.
VIP attributes this distinct growth to many factors, but most notably the hard work and dedication of its staff. In addition to capitalizing on the slow reparation of the economy, the company has ramped up efforts on business to business sales and project work. The VIP team also put focus and effort on growing national accounts, which in turn attracted additional local business and growth. The combination of these efforts and industry prosperity resulted in the increase in revenue seen in 2013.
When corporate clients are in need of housing for their employees, VIP steps in to arrange fully-furnished apartments and condos for them while on assignment or in the process of relocation. Recently, the company has signed major contracts with clients in the aviation, health care and automotive industries. Recognition from those deals helped to bring in additional contracts from businesses in St. Louis, adding exponentially to the market growth the company has seen in the past three years.
“2013 was an exceptional year for VIP Corporate Housing, including hitting the 500 unit mark, increasing efforts among our committed staff, and continuing our core business values in existing markets by providing exceptional service to our tenants and partners” said Jim Lich, President of VIP Corporate Housing. “It is an honor to be included on the list of fastest growing companies with other rising St. Louis-based companies and we look forward to continued success in 2014 and 2015 for the entire St. Louis business community.”
To compile the list of fastest growing companies, St. Louis Business Journal calculated revenue growth for the past three years of local, privately held companies. These companies also had more than $1 million in revenue in 2011 to make the calculations.
The list is comprised of companies from a variety of industries in St. Louis, from the largest privately-held companies, to small financial firms. The resulting top qualifiers provide growth stories for every segment of the local business community.
Over the past two years, VIP Corporate Housing has added a multitude of jobs in various segments, particularly sales, and plans to continue to add to the VIP Corporate Housing team in 2014.
In addition to adding to the team this year, VIP Corporate Housing is poised to continue expanding its housing units in 2014. In 2013, the company reached the 500 unit mark from partnerships with Fortune 500/1000 and relocation companies, many of which are held in the Clayton and Creve Coeur area in St. Louis. In total, the company owns about 30 condos and rents another 300+ apartments.
About VIP Corporate Housing
VIP Corporate Housing is an innovative, nationwide corporate housing company that offers furnished accommodations for short-term or extended stays. VIP is recognized as one of the best in class in the industry at delivering innovative, tailor-made solutions to their client partners in order to help them achieve their set goals and business objectives. The company is headquartered in St. Louis, Missouri. To learn more, please visit www.vipcorporatehousing.com.