operationsLodging Magazine··1 min·For: Owner, GM, Ops, Investor, Revenue
Residential Thinking in Extended-Stay Hotel Evolution
The extended-stay hospitality sector is increasingly adopting residential-style amenities and lean operational models to cater to long-term guests and optimize profitability.
Key Takeaways
- 1Adopt residential design elements like full kitchens and flexible workspaces to meet the needs of modern long-term travelers.
- 2Utilize lean staffing models and reduced housekeeping frequency to maintain high margins and operational efficiency.
- 3Leverage the stability of extended-stay demand to mitigate the impact of market volatility compared to traditional hotels.
Source: Lodging Magazine
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