openPR Logo
Press release

2025-2034 Extended Stay Hotel Market Outlook: Key Drivers, Emerging Challenges, and Strategic Insights

10-03-2025 07:59 AM CET | Leisure, Entertainment, Miscellaneous

Press release from: The Business Research Company

Extended Stay Hotel Market

Extended Stay Hotel Market

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Will the Extended Stay Hotel Industry Market Size Be by 2025?
The extended stay hotel industry has seen substantial growth over the past few years. The market, which was valued at $57.09 billion in 2024, is projected to increase to $61.08 billion in 2025, with a compound annual growth rate (CAGR) of 7.0%. This growth during the historic period can be linked to factors such as business travel demand, economic influences, globalisation trends, changes in travel patterns, and workforce mobility.

What's the Long-Term Growth Forecast for the Extended Stay Hotel Market Size Through 2029?
The market size for extended stay hotels is predicted to experience robust expansion in the upcoming years, with projections indicating it will reach "$82.27 billion in 2029, growing at a compound annual growth rate (CAGR) of 7.7%. This substantial growth during the forecast period is attributed to factors such as the surge in remote work, increase in medical tourism, emphasis on sustainability, and wellness, changes in housing tastes, and provisions for family travel. Trending factors likely to impact the market during this time include the emergence of flexible and hybrid spaces, integration of technology for personalized experiences, adoption of contactless services, upgraded amenities, and stringent health and safety regulations.

View the full report here:
https://www.thebusinessresearchcompany.com/report/extended-stay-hotel-global-market-report

What Are the Key Growth Drivers Fueling the Extended Stay Hotel Market Expansion?
The rise in the tourism industry is foreseen to fuel the expansion of the long-stay hotel market. Tourism, a powerful cultural, social, and economic force, concerns individuals traveling beyond their usual surroundings to different countries or places for private, trade, or professional purposes. Extended-stay hotels provide a homely comfort to tourists, business clients, and others, offering a variety of services and facilities like housekeeping and cooking, enabling them to remain productive while adjusting to a new city or locale. For instance, the Office of National Statistics, an executive bureau of the UK Statistics Authority, reported in May 2024 that visits from international tourists to the UK saw a surge from 31.2 million in 2022 to 38.0 million in 2023, indicating a significant rise from the previous year. Therefore, the burgeoning tourism industry is acting as a catalyst for the growth trend being observed in the extended-stay hotel market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=12605&type=smp

What Are the Key Trends Driving Extended Stay Hotel Market Growth?
The emergence of innovations in extended-stay hotels is a rising trend that's becoming popular within the extended-stay hotel market sector. Prominent companies within this industry are creating and launching distinct and innovative brands to retain their market dominance. For instance, Hilton Inc., a leading hotel company based in the US, unveiled Project H3, a new lower-midscale extended stay brand in May 2023. The brand provides accommodations resembling apartment living, complete with adaptable layouts and four distinguished areas for guests to rest, work, cook meals, and freshen up. In addition, the stay includes an extensively equipped kitchen attached with a full-sized fridge, dishwasher, microwave, two-burner hob, amongst others, specifically designed for guests who stay for a minimum of 20 nights. The ground level and lobby of the hotel also offer amenities such as a front desk, fitness center, laundry room, and a mini retail store.

How Is the Extended Stay Hotel Market Segmented?
The extended stay hotel market covered in this report is segmented -

1) By Type: Economic Middle Luxury
2) By Stay Duration: Weekly Long Term
3) By Tourist Type: Domestic International
4) By Booking Channel: Online On Phone In-Person
5) By Application: Travelers Business Customers Trainers And Trainees Government And Army Staff Other Applications

Subsegments:
1) By Economic: Budget Extended Stay Hotels Economy Suites
2) By Middle: Midscale Extended Stay Hotels Business Class Extended Stay Hotels
3) By Luxury: Upscale Extended Stay Hotels Premium Extended Stay Suites

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=12605&type=smp

Which Companies Are Leading the Charge in Extended Stay Hotel Market Innovation?
Major companies operating in the extended stay hotel market include Marriott International Inc., Hilton Worldwide Holdings Inc., Hyatt Hotels Corporation, Accor Group, G6 Hospitality LLC, InterContinental Hotels Group PLC, Wyndham Hotels & Resorts Inc., Choice Hotels International Inc., Extended-stay America Inc., The Ascott Limited, Sonder Holdings Inc., InTown Suites, Larkspur Landing, National Corporate Housing Inc., Kasa Living Inc., Domio Inc., Ginosi Corporation, Synergy Global Housing LLC, My Place Hotels of America LLC, Mint House Inc., Blueground, The Locale LLC, Bridge Street Motor Inn, Bungalow Hotel, Corporate Worldwide Stay LLP, Le Square Phillips, Les Suites Hotel, WaterWalk Hotel Apartments, Zeus Living Inc., Crestwood Suites Hotel

Which Regions Are Leading the Global Extended Stay Hotel Market in Revenue?
North America was the largest region in the extended stay hotel market in 2024. The regions covered in the extended stay hotel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=12605

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release 2025-2034 Extended Stay Hotel Market Outlook: Key Drivers, Emerging Challenges, and Strategic Insights here

News-ID: 4206694 • Views:

More Releases from The Business Research Company

Plant Extracts Market Trends That Will Shape the Next Decade: Insights from Givaudan Launches Primelock+ To Enhance Plant-Based Products With Vegan-Friendly Fat Replication Technology
Plant Extracts Market Trends That Will Shape the Next Decade: Insights from Giva …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. How Large Will the Plant Extracts Market Size By 2025? In recent years, there has been a vigorous growth in the market size of plant extracts. The market is projected to escalate from $30.31 billion in 2024 to $33.16 billion in 2025, marking a compound annual growth rate (CAGR)
Commercial Seeds Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth
Commercial Seeds Market Landscape to 2034: Key Forces Shaping the Next Decade of …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. How Large Will the Commercial Seeds Market Size By 2025? In recent times, the commercial seeds market has experienced significant growth. The market value will increase from $81.4 billion in 2024, to an estimated $88.81 billion in 2025, representing a compound annual growth rate (CAGR) of 9.1%. The growth
Key Trends Reshaping the Nature Retreats Market: Sterling Holiday Resorts Launches Sterling Picnics To Enhance Nature Retreat Experiences Industry Transformation
Key Trends Reshaping the Nature Retreats Market: Sterling Holiday Resorts Launch …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. Nature Retreats Market Size Growth Forecast: What to Expect by 2025? The market size of nature retreats has seen robust growth in the past few years. The market is projected to expand from $31.98 billion in 2024 to $34.26 billion in 2025, with a compound annual growth rate (CAGR)
Soaring Demand Set to Propel Agricultural Microbial Market to $13.62 Billion by 2029
Soaring Demand Set to Propel Agricultural Microbial Market to $13.62 Billion by …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. What Is the Expected CAGR for the Agricultural Microbial Market Through 2025? The size of the agricultural microbial market has seen fast-paced expansion in the last few years. It is projected to surge from $6.7 billion in 2024 to $7.73 billion in 2025, having a compound annual growth rate

All 5 Releases


More Releases for Hotel

E-sports Hotel Market Is Booming Worldwide | Atari Hotel, The Arcade Hotel, i …
E-sports Hotel Market: The extensive research on E-sports Hotel Market, by Qurate Research is a clear representation on all the essential factors that are expected to drive the market considerably. Thorough study on E-sports Hotel Market helps the buyers of the report, customers, the stakeholders, business owners, and stockholders to understand the market in detail. The updated research report comprises key information on the market, such as market rate, estimated
Gaming Hotel Market 2022 COVID 19 Impact Analysis, New Technology, Demand and Op …
Gaming Hotel is one of the most reliable markets and segmented by manufacturers, regions, type and application. It has arranged and managed information regarding the analysis of various companies, their revenue, price and volume in various regions. The report also provides a forecast for the global Gaming Hotel market from 2022-2028. This will help readers to get an idea about how the market will perform in the coming years so
Capsule Hotel Market Forecast 2020-26, Super Hotel, Tokyo Ginza Bay Hotel
The latest study on the Global Capsule Hotel market report represents a deep appraisal of the international industry. The research report on the worldwide Capsule Hotel market 2020-2026 sheds light on qualitative as well as quantitative insights, historical Capsule Hotel industry status and authorized projection related to the Capsule Hotel market size. Each and every segment exhibited in this report are discovered through verifiable research methods
Worldwide Report on Hotel Booking Market 2019-2026 with Top Key Player Profiled …
The Hotel Booking industry is one of the key areas that promote the growth of the Hotel Booking industry at a global level. The booming travel and tourism industry is one of the key factors driving the demand in the Hotel Booking industry. In addition, as a multitude of multinational corporations have widened their base around the world, the number of business travelers who are activating the Hotel Booking industry
2019 to 2026 Thriving Worldwide Report on Global Hotel Booking Market Top Key Pl …
This report on global Hotel Booking market is a detailed research study that helps provides answers and pertinent questions with respect to the emerging trends and growth opportunities in this particular industry. It helps identify each of the prominent barriers to growth, apart from identifying the trends within various application segments of the global market for Hotel Booking .Collecting historical and recent data from various authentic resources, and depending on
Popular Phoenix Hotel - Howard Johnson International Airport Hotel
Our focus has been on customer care and we pride ourselves in the fact that we have testimonials from satisfied customers to support our claim. Our staff is courteous, friendly and ready to attend to your needs 24x7 with a very personalized service. Stay with us once and decide yourself whether our claims are authentic or not. Laced with all contemporary facilities, Howard Johnson International Airport Phoenix comes with features that