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Extended-Stay Revenue Jumps 12.9% in Record September
financeasianhospitality.com··1 min·For: Owner, Investor, Revenue, GM

Extended-Stay Revenue Jumps 12.9% in Record September

U.S. extended-stay hotels delivered their strongest monthly gains in years this September, driven by a 7.8% surge in demand and a 12.9% increase in room revenue. Supply growth remained subdued at 4.5%, enabling occupancy to reach 77% and RevPAR to climb 8.1%.

Key Takeaways

  1. 1Room revenue surged 12.9% year over year to $1.897 billion, led by a 15.4% jump in mid-price properties.
  2. 2Occupancy reached 77%, outpacing comparable hotel classes by 11.1 percentage points.
  3. 3RevPAR climbed 8.1% to $96.52 as demand growth outstripped supply for the eighth consecutive month.

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Source: asianhospitality.com

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