Why Extended Stay is Surging as Traditional Development Slows
The U.S. hotel industry stands at a crossroads. On one hand, operators like Choice Hotels are posting strong financial performance, with Q2 EBITDA beating expectations. On the other hand, their 2025 outlook remains muted, projecting revenue per available room (RevPAR) growth between -3% and 0%. For hotel investors and hotel brokers, that guidance is a […]
Should You Build an Extended Stay Hotel?
In the hospitality market, extended-stay hotel construction is booming. Lodgings Econometrics reports that over 1/3 of all hospitality constructions in Q1 of 2024 were extended stay hotels and an increasing number of hotel brands are branching out into extended stay in addition to their full-service hotel and resort properties. Future Market Insights reports that extended-stay […]
A Guide to Efficient Extended Stay Hotel Management
Business-driven management structure for long/extended-term hotels The hotel industry took a massive blow during the COVID-19 pandemic, but the past two years have offered huge promise for the sector, with extended-stay accommodations spearheading the recovery. With 38.8% of Arizonians working remotely at the beginning of the pandemic – and 59% of Americans still teleworking in 2022 – […]