extended stay

/Tag: extended stay

extended stay

Best Western® Hotels & Resorts Unveils SureStay Studio

Best Western Hotels & Resorts | October 9, 2019

PHOENIX -- October 9, 2019 -- During General Session on Saturday, October 5th at the 2019 Best Western North American Convention and Global Conference, Best Western Hotels & Resorts (BWHR) announced the expansion of the SureStay Hotel Group with the launch of SureStay StudioSM. Competing in the premium-economy extended stay segment, SureStay Studio was created to respond to the needs of both travelers and hotel developers. "SureStay Studio solidifies BWHR as a global leader in the economy and premium-economy segments," said David Kong, President and Chief Executive Officer of BWHR. "In a short span of time, SureStay Hotel Group ha...

Extended-Stay Hotels: Growth or Performance?

Robert Mandelbaum | June 12, 2018

By Robert Mandelbaum When investing in hotels, recent year-over-year trends in revenues and profits, along with current performance values, are two of the metrics most frequently evaluated. Investors need to balance the current levels of a property's occupancy, ADR, revenues and profits, with the recent direction of the changes in these measurements. In an attempt to time the market, some people prefer to invest in hotels that are currently achieving low levels of revenues and profits, but are coming out of the bottom of the cycle and achieving strong gains on the top and bottom lines. Others prefer hotels that have are approaching, or ...

Extended-Stay Hotels Account for 27% of All Projects Under Construction in the United States

Lodging Econometrics | May 31, 2018

May 30, 2018 – PORTSMOUTH, NH According to recent reports from Lodging Econometrics (LE), 1,360 Projects/143,379 Rooms in the U.S. Construction Pipeline are Extended-Stay projects. Of these, 428 Projects/47,340 Rooms are already Under Construction, accounting for 27% of all projects Under Construction in the Total Pipeline. Additionally, 628 Projects/66,846 Rooms are Scheduled to Start Construction in the Next 12 Months while an additional 304 Projects/29,193 Rooms are in Early Planning.
 
 Home2 Suites by Hilton currently has the largest Extended-Stay Pipeline with 377 Projects/39,474 Rooms. The second largest brand is Marrio...

Serviced Apartments: An Ever-Growing Sector?

Stuart Pallister | October 23, 2017

By Stuart Pallister In the first of two pieces on serviced apartments, we examine the drivers of growth in the extended-stay sector. In the second article, to be published next month, we will examine innovations in serviced apartments in the face of increasing land prices. Call them what you will – serviced or extended-stay apartments or aparthotels – major operators in this sector are looking to differentiate their properties from traditional hotels and Airbnb. That means trying to innovate with new products, while apartment and studio sizes continue to shrink due to rising land prices. And while operators are generally opt...

Nearly Half of U.S. International Business Travelers Use Extended Stay Accommodations

the GBTA Foundation | October 12, 2015

Millennials Most Frequently Use Extended Stay Accommodations Alexandria, VA (October 8, 2015) – Nearly half (48 percent) of all U.S. business travelers have used an extended stay accommodation in the past 12 months when traveling internationally for business, according to new research from the GBTA Foundation, the education and research arm of the Global Business Travel Association (GBTA). The study, Extended Stay Accommodations: Awareness, Supply and Demand, produced in partnership with WWStay, also revealed interesting differences across age groups when it comes to extended stay accommodations. Millennials (18-34) use extended s...

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