Extended Stay Hotel Market to Witness 11.6% CAGR, Reaching US$ 146.04 Billion by 2032

𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:
𝐓𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐞𝐱𝐭𝐞𝐧𝐝𝐞𝐝 𝐬𝐭𝐚𝐲 𝐡𝐨𝐭𝐞𝐥 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐢𝐳𝐞 𝐰𝐚𝐬 𝐚𝐬𝐬𝐞𝐬𝐬𝐞𝐝 𝐚𝐭 𝐔𝐒𝐃 𝟓𝟒.𝟓𝟐 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟑. 𝐓𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐞𝐱𝐩𝐚𝐧𝐝 𝐟𝐫𝐨𝐦 𝐔𝐒𝐃 𝟔𝟎.𝟕𝟖 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟒 𝐭𝐨 𝐔𝐒𝐃 𝟏𝟒𝟔.𝟎𝟒 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟐, 𝐬𝐡𝐨𝐰𝐢𝐧𝐠 𝐚 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟏𝟏.𝟔% 𝐝𝐮𝐫𝐢𝐧𝐠 𝟐𝟎𝟐𝟒 𝐭𝐨 𝟐𝟎𝟑𝟐.

𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐜𝐨𝐩𝐞:
To provide a thorough overview of the extended stay hotel market, the report focuses on the most recent advancements, the market's leading companies, market share, revenue generated, and geographical analysis.

𝐖𝐡𝐚𝐭 𝐀𝐫𝐞 𝐄𝐱𝐭𝐞𝐧𝐝𝐞𝐝-𝐒𝐭𝐚𝐲 𝐇𝐨𝐭𝐞𝐥𝐬?
An extended stay hotel is a type of accommodation tailor-made for guests staying for a longer time, typically a week or more. It offers amenities like in-suite kitchens, laundry facilities, and often larger living spaces compared to traditional hotels, making them ideal for business travelers, digital nomads, or families needing a more home-like experience during extended stays; they often provide discounted rates for longer stays and may also include features like work desks and high-speed internet access to support extended work periods. Most extended stay hotels provide well-equipped kitchens with appliances like refrigerators, stovetops, and microwaves, allowing guests to cook their meals.

𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.polarismarketresearch.com/industry-analysis/extended-stay-hotel-market/request-for-sample

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:
Key players in the market are major global and regional chains that dominate the sector with a wide range of offerings. Leading players are increasingly focusing on innovation and customer experience as they are crucial competitive factors in the extended stay hotel market.

𝐊𝐞𝐲 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐢𝐧 𝐄𝐱𝐭𝐞𝐧𝐝𝐞𝐝 𝐒𝐭𝐚𝐲 𝐇𝐨𝐭𝐞𝐥 𝐌𝐚𝐫𝐤𝐞𝐭
• Marriott International (Residence Inn, TownePlace Suites)
• Hilton Worldwide (Homewood Suites, Home2 Suites)
• InterContinental Hotels Group (IHG) (Staybridge Suites, Candlewood Suites)
• Hyatt Hotels Corporation (Hyatt House)
• Extended Stay America
• The Ascott Limited (Ascott The Residence)
• Country Inn & Suites by Radisson
• Element by Westin

𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬:
• The growth of the global extended-stay hotel market is linked to the increasing need for adaptable accommodation options.

• The rise in business travel and extended visits by professionals is boosting market demand.

• The market is experiencing advantages from an increase in relocations and temporary job placements that drive the demand for long-term accommodation choices.

• The incorporation of technology and intelligent features is driving the expansion of the extended stay hotel sector.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐁𝐞𝐟𝐨𝐫𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞:
https://www.polarismarketresearch.com/industry-analysis/extended-stay-hotel-market/request-for-discount-pricing

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:
Extended Stay Hotel Market, Regional Outlook (Revenue - USD Billion, 2019-2032)
• North America
o Tourist Type Outlook
 Domestic
 International

Application Outlook
 Travelers
 Business Customers
 Others

o Booking Channel Outlook
 Online
 On-Phone
 In-Person

Type Outlook
 Economy
 Mid-Range
 Luxury/Upscale

• Europe
o Tourist Type Outlook
 Domestic
 International

Application Outlook
 Travelers
 Business Customers
 Others

o Booking Channel Outlook
 Online
 On-Phone
 In-Person

Type Outlook
 Economy
 Mid-Range
 Luxury/Upscale

• In 2023, the North America extended stay hotel sector held the largest market share, propelled by its robust infrastructure, elevated business travel rates, and strong demand for extended lodging options.

• The extended stay hotel sector in Europe is witnessing consistent growth, propelled by a rising trend in business travel, increasing relocations, and a growing inclination toward long-term leisure visits.

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:
Extended Stay Hotel Market, Tourist Type Outlook (Revenue - USD Billion, 2019-2032)
• Domestic
• International

Extended Stay Hotel Market, Application Outlook (Revenue - USD Billion, 2019-2032)
• Travelers
• Business Customers
• Others

Extended Stay Hotel Market, Booking Channel Outlook (Revenue - USD Billion, 2019-2032)
• Online
• On-Phone
• In-Person

Extended Stay Hotel Market, Type Outlook (Revenue - USD Billion, 2019-2032)
• Economy
• Mid-Range
• Luxury/Upscale

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐓𝐡𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐞𝐫𝐞:
https://www.polarismarketresearch.com/industry-analysis/extended-stay-hotel-market

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