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As hotel groups vie for dominance in the lucrative extended-stay sector, Choice Hotels has emerged as a leading player in the economy and midscale segments. The franchisor said on Wednesday it had ...
That’s because upscale extended-stay hotels have seen less than 0.5% supply growth over the last year, yet demand has risen by 2.6% on average. There are hardly any true luxury extended-stay ...
“The Greater Phoenix Area provides a myriad of reasons for travel, so whether it’s for leisure, work, medical, or other reasons, LivAway Suites brings an enhanced, extended-stay experience for ...
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Extended stay hotel demand surges across the US - MSNThe extended stay hotel market in the United States is experiencing significant growth, driven by increasing demand from business travellers, remote workers, and individuals relocating for work or ...
The partners teamed to buy the hotel operator Extended Stay America for $6B in 2021; last year, they bought 111 WoodSpring Suites properties for $1.5B.
Labor costs at full-service hotels were roughly 24 percent higher in 2022 than the year before, while costs at extended-stay hotels rose just under 12 percent, according to a study by Actabl, a ...
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