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Premium revenue performance fuels expansion of extended-stay properties

Extend Stay hotel development pipeline dominated by Marriott, Hilton, Hyatt and IHG
The Residence Inn Toronto Downtown Entertainment District at 255 Wellington Street West in Toronto is a part of Marriott’s extensive and growing extended-stay hotel portfolio in Canada. (CoStar)
The Residence Inn Toronto Downtown Entertainment District at 255 Wellington Street West in Toronto is a part of Marriott’s extensive and growing extended-stay hotel portfolio in Canada. (CoStar)
CoStar Analytics
March 10, 2025 | 9:54 P.M.

Performance metrics for extended stay hotels have outperformed other hotels in the same classes. Over the past eight years, revenue per available room, or RevPAR, for extended stay hotels has averaged 23% higher than upscale and upper midscale hotels that do not contain an extended stay brand.

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