Extended stay hotels soften next slowdown

Leisure travel’s downward pull on segment is not strong

Extended stay hotels form a large share of the hospitality industry’s market for business travellers. They are expected to soften the blow of the anticipated coming slowdown in the rate of RevPAR increases. Research firm STR Global predicts that although extended stay properties and the hospitality industry overall follow similar revenue cycles, projections show that the extended-stay segment will see better growth in demand than the rest of the hotel industry in 2012 – just as it has done consistently over the last decade.
Leisure travel is slowing faster than business travel and overall hotel industry forecasts are being revised downward as a consequence. In the US, leisure travellers account for only 28% of extended stay hotel room nights. Therefore leisure travel’s downward pull on the extended stay segment is less significant.
[pictured: Staybridge Suites; courtesy IHG]


Check Also

KLM, Wideroe, codeshare, SAS, Norway

KLM ups pressure on SAS in Norway

A new agreement with Widerøe means more KLM flights will be offered to Amsterdam from regional airports in Norway.

Air France, cancel, delay, strike, February, pay, grounded, flights, Paris, Toulouse, Lyon

Air France strike hits Paris flights

Travellers are advised to postpone their flights until February 27 as chaos strikes airports.

Szczecin, Pomerania, Poland, Wizz Air, flights, Nordic, Scandinavia, Stockholm, Bergen, Oslo, Stavanger, Sweden, Norway, route, travel, tourism

Wizz enlarges Nordic-Polish flights

The low-cost airline is growing fast in Poland, now flying to Stockholm from Szczecin by the German border.

Swedavia, security, gates, Sweden, airports, Arlanda, Gothenburg, Are, ski, baggage

Sweden deploys airport self-service tech

Automated entry gates are being installed at security checkpoints across the country.

DogHouse, BrewDog, Scotland, beer hotel, brewery, rooms, stay, travel, craft beer, Ellon, Aberdeenshire

Beer in the shower: Craft beer brand plans hotel

The multinational brewery and pub chain BrewDog plans a ‘beer hotel’ in Scotland.

Kuoni, travel agent, tour operator, brand, new, tourism, package, business

Kuoni to launch new brand this year

The tour operator says it can fill the gap between package and tailor-made holidays.