The 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 personal reasons.
This trend reflects a broader shift in travel and accommodation preferences, with travellers seeking flexible, home-like environments for longer stays.
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Business travel and relocation fuel demand
Business travel has rebounded in the U.S., with companies favouring domestic trips over international ones. Hotel executives report higher booking levels and prices compared to pre-pandemic figures, indicating a strong recovery in corporate travel.
Additionally, the rise of remote work has led to an increase in relocations, with many professionals seeking temporary housing solutions during transitions.
Extended stay hotels cater to these needs by offering amenities such as fully equipped kitchens and dedicated workspaces.
Remote work and digital nomadism reshape lodging preferences
The shift towards remote and hybrid work models has given rise to a new class of travellers—digital nomads—who require accommodations that support both work and leisure.
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By GlobalDataExtended stay hotels have adapted by providing high-speed internet, co-working spaces, and flexible booking options.
Brands like Crowne Plaza have renovated properties to accommodate blended travel, offering environments conducive to both professional productivity and personal relaxation.
Industry adapts to evolving consumer expectations
In response to changing consumer preferences, hotel chains are expanding their extended stay offerings. Marriott International, for instance, has launched StudioRes, a mid-scale extended stay brand targeting budget-conscious travellers.
This move reflects a broader industry trend towards providing affordable, flexible accommodations without compromising on essential amenities.
Furthermore, sustainability has become a focal point, with extended stay hotels implementing eco-friendly practices to meet the expectations of environmentally conscious guests.
As the extended stay hotel market continues to evolve, it is poised to play a pivotal role in the future of travel, offering solutions that align with the dynamic lifestyles of modern travellers.
