The extended stay hotel business is thriving with over 10% of hotel capacity in this segment. From 2019, there has been a significant increase of 115,000 rooms. Despite past challenges, such as the 2009 bankruptcy of Extended Stay, the current demand remains robust, particularly driven by infrastructure project workers. The sector caters to diverse needs with high-end, midrange, and low-end options. This versatile growth reflects an evolution in the hospitality industry that transcends traditional hotels.
Over 10% of the nation's hotel capacity is comprised of extended stay properties. There are 115,000 additional rooms in this category since 2019.
Demand for extended stay rooms has remained steady, especially due to workers hired on projects funded by the 2021 infrastructure bill.
Viewing all extended stay properties as one uniform category is a mistake; options range from high-end to low-end and midrange.
The extended stay segment has demonstrated growth that outpaces the overall hospitality sector, which has not returned to pre-pandemic levels.
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