The Extended Stay Hotel Market caters to guests needing accommodations for extended periods, beyond typical hotel stays. It offers fully furnished suites or rooms with kitchenettes, providing a home-like environment. Common for business travelers, relocations, or longer trips, these hotels balance hotel services with apartment-style amenities, appealing to those seeking comfort and convenience during extended stays.

 

The report " Global Extended Stay Hotel Market, By Type (Economic Type Extended Stay Hotel, Middle Type Extended Stay Hotel, and Luxury Type Extended Stay Hotel), By Application (Travelers, Business Customers, Trainers & Trainees, and Government & Army Staff), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2029’’

 

Key Highlights:

 

  • In June 2021, Extended Stay America, the nation’s leading mid-priced extended stay hotel company, is pleased to announce the launch of Extended Stay America Premier Suites. The elevated brand builds on the strength of Extended Stay America’s industry-leading portfolio of more than 650 hotels. Comprised of 25 new or completely renovated properties across the United States, Extended Stay America Premier Suites offers guests a premium experience based on what extended stay travelers value most according to extensive guest research.
  • In May 2021, The Sonesta Collection has launched Sonesta ES Suites, an extended-stay brand, as well as refreshed hotels and resorts in Atlanta, Baltimore, Boston, Hilton Head Island, Houston and Philadelphia.

 

Analyst View:

 

The Affiliate Software Market is experiencing robust growth due to the rising significance of affiliate marketing in driving sales and brand visibility. This market segment is driven by the need for efficient tracking and management tools for affiliate programs. With features encompassing performance monitoring, commission calculation, and real-time reporting, the market is evolving to meet the demands of businesses engaged in e-commerce and digital marketing. As the landscape continues to evolve, the focus is on enhancing software capabilities to optimize affiliate partnerships and capitalize on the expanding opportunities in the digital marketplace.

 

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Key Market Insights from the report:

 

Extended Stay Hotel market accounted for US$ 16.7 billion in 2020 and is estimated to be US$ 28.6 billion by 2030 and is anticipated to register a CAGR of 6.0%. The Global Extended Stay Market is segmented based on the type, application and region.

 

  • By Type, the market is segmented into Economic Type Extended Stay Hotel, Middle Type Extended Stay Hotel, and Luxury Type Extended Stay Hotel.
  • By Application, the market is segmented into Travelers, Business Customers, Trainers & Trainees, and Government & Army Staff.
  • By Region, the Global Extended Stay Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

 

Competitive Landscape:

 

The key players operating in the Global Extended Stay Market includes Hilton Worldwide, Hyatt Hotel, Choice Hotels International, InterContinental Hotels Group, Marriott International and Wyndham Hotel Group.

 

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

 

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