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Extended-Stay Hotels Post Record Demand and Revenue Gains
financeasianhospitality.com··1 min·For: Owner, Investor, Revenue, GM

Extended-Stay Hotels Post Record Demand and Revenue Gains

U.S. extended-stay hotels achieved multi-year highs in September, driven by a 7.8 percent surge in demand that outpaced supply for the eighth straight month. Room revenues climbed nearly 13 percent, led by mid-price properties.

Key Takeaways

  1. 1Demand increased 7.8% year-over-year, marking the sector's largest gain since February 2022.
  2. 2Room revenue surged 12.9% to $1.897 billion, with mid-price extended-stay leading at 15.4% growth.
  3. 3Average occupancy reached 77%, outpacing comparable hotel classes by 11.1 percentage points.

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Source: asianhospitality.com

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