PUBLISHER: The Business Research Company | PRODUCT CODE: 1961500
PUBLISHER: The Business Research Company | PRODUCT CODE: 1961500
An extended-stay hotel is a lodging establishment specifically designed to accommodate individuals or groups requiring housing for an extended period, surpassing the typical duration of a short-term stay at a conventional hotel. These hotels provide fully furnished suites or rooms equipped with amenities such as kitchenettes or full kitchens, catering to guests in need of accommodation for weeks, months, or an even more extended duration.
Extended-stay hotels are typically categorized into economic, middle, and luxury segments. The economic category denotes hotel rooms that are more affordable than first-class accommodations. The varying durations of stay include weekly and long-term options. Bookings can be made by different types of tourists, including domestic and international visitors, through various channels such as online platforms, phone reservations, or in-person arrangements. These establishments serve a diverse range of applications, including travelers, business customers, trainers and trainees, government and military personnel, and others.
Tariffs have influenced the extended stay hotel market by increasing costs of imported furniture, kitchen equipment, and smart room technologies. Higher duties have impacted hotel development and renovation projects, particularly in regions dependent on imported interior and building materials such as Asia Pacific. Operating and capital costs have risen for hotel operators. However, tariffs are encouraging local sourcing of furnishings, domestic manufacturing partnerships, and long term cost optimization strategies.
The extended stay hotel market research report is one of a series of new reports from The Business Research Company that provides extended stay hotel market statistics, including extended stay hotel industry global market size, regional shares, competitors with a extended stay hotel market share, detailed extended stay hotel market segments, market trends and opportunities, and any further data you may need to thrive in the extended stay hotel industry. This extended stay hotel market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The extended stay hotel market size has grown strongly in recent years. It will grow from $61.08 billion in 2025 to $65.71 billion in 2026 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to growth in business travel, expansion of urban employment hubs, demand for cost effective long stays, rise in relocation assignments, availability of serviced apartments.
The extended stay hotel market size is expected to see strong growth in the next few years. It will grow to $88.92 billion in 2030 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to increase in remote work assignments, long term corporate travel needs, growth in infrastructure projects, demand for flexible lodging, expansion of extended stay hotel chains. Major trends in the forecast period include rising demand for long duration accommodation, growing preference for fully furnished suites, increased adoption of flexible pricing models, expansion of corporate and project based stays, focus on home like guest experiences.
The expansion of the tourism sector is expected to drive the growth of the extended-stay hotel market in the coming years. Tourism is a cultural, social, and economic activity that involves people traveling to destinations outside their usual environment for leisure, business, or professional purposes. Extended-stay hotels cater to travelers, business professionals, and other long-term guests by offering home-like comfort through amenities and services such as housekeeping and cooking facilities, enabling guests to remain comfortable and productive while staying in a new city or location. For example, in May 2024, according to the Office for National Statistics, a UK-based executive office of the UK Statistics Authority, international visits to the UK increased from 31.2 million in 2022 to 38.0 million in 2023. Therefore, the growing tourism sector is fueling the growth of the extended-stay hotel market.
Major companies operating in the extended-stay hotel market are emphasizing the development of innovative offerings, such as dedicated extended-stay suite brands. Extended-stay suite brands are hotel brands designed specifically to accommodate longer-term guests, typically featuring fully equipped kitchens, separate living areas, and more spacious layouts than standard hotel rooms. For instance, in June 2023, Marriott International, Inc., a US-based hospitality company, announced the launch of Project MidX Studios, a midscale extended-stay brand aimed at delivering modern comfort at an affordable price point. The brand is intended to provide reasonably priced extended-stay accommodations for guests in the United States and Canada.
In July 2023, Noble Investment Group, a US-based real estate investment manager, acquired a portfolio of 10 extended-stay hotel properties from WoodSpring Suites for an undisclosed amount. This acquisition forms part of Noble Investment Group's strategy to strengthen its presence in the extended-stay segment, which has demonstrated resilience, particularly during the pandemic period. WoodSpring Suites is a US-based extended-stay hotel brand.
Major companies operating in the extended stay hotel market are Marriott International Inc., Hilton Worldwide Holdings Inc., Hyatt Hotels Corporation, Accor Group, G6 Hospitality LLC, InterContinental Hotels Group PLC, Wyndham Hotels And 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, Corporate Worldwide Stay LLP, Le Square Phillips, Les Suites Hotel, WaterWalk Hotel Apartments, Zeus Living Inc., Crestwood Suites Hotel
North America was the largest region in the extended stay hotel market in 2025. The regions covered in the extended stay hotel market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the extended stay hotel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The extended-stay hotel includes revenues earned by entities through food services, housekeeping services, pet-friendly accommodations and cleaning services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Extended Stay Hotel Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses extended stay hotel market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for extended stay hotel ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The extended stay hotel market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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