Dublin, March 19, 2025 (GLOBE NEWSWIRE) -- The "Extended Stay Hotel Market by Facility (Apartment-Style Extended Stay, Hotel-Style Extended Stay, Serviced Apartments), Service Offering (Full-Service Extended Stay, Self-Service Extended Stay), Tourist Type, Price Range, End-User, Booking Mode - Global Forecast 2025-2030" report has been added to ResearchAndMarkets.com's offering.
The Extended Stay Hotel Market grew from USD 30.67 billion in 2024 to USD 33.46 billion in 2025. It is expected to continue growing at a CAGR of 9.35%, reaching USD 52.46 billion by 2030.
The extended stay accommodation landscape is undergoing profound changes as market dynamics shift towards greater flexibility, digital empowerment, and customer-centric innovation. Amid global economic fluctuations and evolving lifestyle preferences, industry leaders are realigning their strategies to anticipate and meet the nuanced needs of today's traveler.
Technological advancement has been a significant catalyst in this transformation. Many providers are leveraging digital platforms not only to streamline booking processes but also to enhance service delivery through personalized data analytics. This evolution has paved the way for innovations such as smart room controls, virtual concierge services, and integrated feedback loops that offer real-time personalization, helping hotel owners refine their service mix and operating models.
Moreover, the demographic shifts seen in the market signal an increasing overlap between transient business needs and leisure travel. The blending of work and vacation has spurred adaptive designs in extended stay facilities, from multifunctional workspaces to areas that foster social interaction. These transformative shifts have set new industry benchmarks, forcing market players to reimagine traditional hospitality paradigms while capitalizing on emerging opportunities, ensuring they remain resilient and competitive in today's highly collaborative environment.
Global Footprints: Regional Dynamics Shaping the Extended Stay Sector
An exploration of the regional dynamics in the extended stay market reveals distinctive characteristics and growth trajectories across multiple geographies. In the Americas, the market benefits from mature infrastructure and a balanced mix of business and leisure demand, creating fertile ground for innovation and strategic expansion. This stability is complemented by emerging micro-trends that are reshaping local hospitality practices.
Across Europe, the Middle East and Africa, historical architectural charm meets modern design trends, creating unique extended stay experiences that blend cultural heritage with luxury service standards. In these regions, the merging of diverse cultural influences translates into a broad spectrum of service offerings that cater to both domestic and international visitor profiles. Meanwhile, the Asia-Pacific region has demonstrated impressive dynamism, fueled by rapid urbanization and a burgeoning middle-class demand for stylish and convenient lodging solutions. The economic vibrancy, coupled with an accelerating digital transformation, has propelled significant investments in modern extended stay concepts.
These regional insights reveal that while each area presents its own set of challenges and opportunities, there is an overarching trend towards adapting to consumer demands with localized yet innovative service models. Stakeholders must therefore adopt region-specific strategies that leverage local strengths while aligning with global hospitality trends.
Market Leaders and Innovators Driving Extended Stay Excellence
The competitive terrain of the extended stay hotel industry is defined by both established giants and nimble innovators. Leading companies such as Accor S.A. and Best Western International, Inc. have set benchmarks in quality and service, while emerging brands like Blueground Holdings Limited and Domio Inc. are rapidly gaining traction with their innovative approaches.
Other key players, including Carlson Rezidor Hotel Group and Choice Hotels International, Inc., have continuously evolved by integrating technology and guest-focused services. Providers such as Extended Stay America, Inc. and G6 Hospitality LLC have honed their strategies to cater to long-term stay needs, whereas organizations like Ginosi Corporation, Hilton Worldwide Holdings Inc., and Hyatt Hotels Corporation have elevated their portfolios by blending luxury with homely comfort.
International brands such as InterContinental Hotels Group PLC. and Marriott International, Inc. offer expansive networks and robust loyalty programs that resonate with corporate clientele and discerning travelers alike. Meanwhile, companies like Kasa Living Inc. and Les Suites Hotel are innovating in boutique extended stay design. Entities including LivAway Suites, LLC, Mint House Inc., and National Corporate Housing Inc. focus on specialized market segments that emphasize flexibility and customization.
Additional players like OYO Rooms, Red Roof Franchising, LLC, Sonder Holdings Inc., Sonesta International Hotels Corporation, Synergy Global Housing LLC, The Ascott Limited, and Wyndham Hotels & Resorts, Inc. are contributing to a dynamic marketplace driven by diverse strategies and technological adoption, ultimately pushing the industry towards continuous innovation and unparalleled customer satisfaction.
The report delves into recent significant developments in the Extended Stay Hotel Market, highlighting leading vendors and their innovative profiles. These include:
- Accor S.A.
- Best Western International, Inc.
- Blueground Holdings Limited
- Carlson Rezidor Hotel Group
- Choice Hotels International, Inc.
- Domio Inc.
- Extended Stay America, Inc.
- G6 Hospitality LLC
- Ginosi Corporation
- Hilton Worldwide Holdings Inc.
- Hyatt Hotels Corporation
- InterContinental Hotels Group PLC.
- Kasa Living Inc.
- Les Suites Hotel
- LivAway Suites, LLC
- Marriott International, Inc.
- Mint House Inc.
- National Corporate Housing Inc.
- OYO Rooms
- Red Roof Franchising, LLC
- Sonder Holdings Inc.
- Sonesta International Hotels Corporation
- Synergy Global Housing LLC
- The Ascott Limited
- Wyndham Hotels & Resorts, Inc.
Strategic Recommendations for Navigating an Evolving Extended Stay Market
For leaders seeking to drive growth in a rapidly transforming extended stay market, a strategic recalibration is paramount. First, a robust investment in technology is crucial, not only to enhance operational efficiencies but also to deliver a highly personalized guest experience. The integration of data analytics, mobile applications, and Internet-of-Things (IoT) solutions can facilitate better resource allocation and targeted marketing strategies, ensuring that service offerings resonate with distinct customer segments.
Secondly, a focus on innovation in service design can differentiate legacy brands from new entrants. By adopting flexible operating models that allow for a blend between full-service and self-service options, providers can accommodate an array of traveler preferences. Embracing sustainable practices and leveraging digital channels for customer engagement can build brand loyalty in an industry where experience is paramount.
Furthermore, forging partnerships with local businesses and technology innovators can create synergies that enhance quality and operational resilience. By prioritizing staff training and continuous improvement, companies can deliver consistent value and adapt swiftly to market changes. Collectively, these actionable recommendations empower industry leaders to harness emerging trends, ultimately fostering a competitive advantage and delivering superior value in the evolving hospitality landscape.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 186 |
| Forecast Period | 2025-2030 |
| Estimated Market Value (USD) in 2025 | $33.46 Billion |
| Forecasted Market Value (USD) by 2030 | $52.46 Billion |
| Compound Annual Growth Rate | 9.3% |
| Regions Covered | Global |
Key Topics Covered
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Increasing corporate demand for extended stay accommodations for business travel
5.1.1.2. Growing trend for remote work and digital nomadism influencing longer stay preferences
5.1.1.3. Government incentives and favorable policies for extended stay hospitality sector
5.1.2. Restraints
5.1.2.1. High maintenance and operational overhead costs
5.1.3. Opportunities
5.1.3.1. Expanding guest services to include comprehensive hybrid workspaces for remote professionals
5.1.3.2. Offering pet-friendly accommodations to attract extended stay guests traveling with their pets
5.1.4. Challenges
5.1.4.1. Complex regulatory environments and local zoning laws
5.2. Market Segmentation Analysis
5.2.1. Facility: Increasing adoption of apartment-style extended-stay for residents homely environment
5.2.2. End User: Expanding utilization of extended-stay hotel by corporate clients
5.3. Porter's Five Forces Analysis
5.3.1. Threat of New Entrants
5.3.2. Threat of Substitutes
5.3.3. Bargaining Power of Customers
5.3.4. Bargaining Power of Suppliers
5.3.5. Industry Rivalry
5.4. PESTLE Analysis
5.4.1. Political
5.4.2. Economic
5.4.3. Social
5.4.4. Technological
5.4.5. Legal
5.4.6. Environmental
6. Extended Stay Hotel Market, by Facility
6.1. Introduction
6.2. Apartment-Style Extended Stay
6.3. Hotel-Style Extended Stay
6.4. Serviced Apartments
7. Extended Stay Hotel Market, by Service Offering
7.1. Introduction
7.2. Full-Service Extended Stay
7.3. Self-Service Extended Stay
8. Extended Stay Hotel Market, by Tourist Type
8.1. Introduction
8.2. Domestic
8.3. International
9. Extended Stay Hotel Market, by Price Range
9.1. Introduction
9.2. Economy
9.3. Luxury/Upscale
9.4. Mid-Range
10. Extended Stay Hotel Market, by End-User
10.1. Introduction
10.2. Corporate/Organizational Clients
10.3. Families
10.4. Individual Travelers
11. Extended Stay Hotel Market, by Booking Mode
11.1. Introduction
11.2. Offline
11.3. Online
12. Americas Extended Stay Hotel Market
12.1. Introduction
12.2. Argentina
12.3. Brazil
12.4. Canada
12.5. Mexico
12.6. United States
13. Asia-Pacific Extended Stay Hotel Market
13.1. Introduction
13.2. Australia
13.3. China
13.4. India
13.5. Indonesia
13.6. Japan
13.7. Malaysia
13.8. Philippines
13.9. Singapore
13.10. South Korea
13.11. Taiwan
13.12. Thailand
13.13. Vietnam
14. Europe, Middle East & Africa Extended Stay Hotel Market
14.1. Introduction
14.2. Denmark
14.3. Egypt
14.4. Finland
14.5. France
14.6. Germany
14.7. Israel
14.8. Italy
14.9. Netherlands
14.10. Nigeria
14.11. Norway
14.12. Poland
14.13. Qatar
14.14. Russia
14.15. Saudi Arabia
14.16. South Africa
14.17. Spain
14.18. Sweden
14.19. Switzerland
14.20. Turkey
14.21. United Arab Emirates
14.22. United Kingdom
15. Competitive Landscape
15.1. Market Share Analysis, 2024
15.2. FPNV Positioning Matrix, 2024
15.3. Competitive Scenario Analysis
15.3.1. Choice Hotels International's Lobby in a Box transforms conventional hotel lobbies into versatile
15.3.2. IHG Hotels & Resorts doubles its market presence in Germany through a long-term transformative deal with NOVUM Hospitality
15.3.3. Wyndham Hotels & WaterWalk partner to launch upscale extended stay brand, introducing WaterWalk extended stay by Wyndham
15.3.4. Marriott Expands Affordable Midscale Extended Stay Lodging with New "Project MidX Studios" Brand Launch in U.S. and Canada
15.3.5. Hilton Launches Project H3, A New Extended-Stay Brand Catering to Long-Term Travelers
15.4. Strategy Analysis & Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/b9kll2
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
