The extended-stay sector continues to outpace traditional hotel demand growth, posting a 3% annual increase through 2024, compared to modest 0.2% annual growth for non-extended stay conventional hotels. Supply growth has followed a similar pattern, with extended-stay properties growing at 3.2% and traditional hotels growing at 0.2% for the year.
Multiple growth drivers propel the extended-stay hotel sector forward
Extended-stay hotels post strong fourth-quarter performance amid demand uptick
CoStar Analytics
February 14, 2025 | 3:38 P.M.
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