The Extended Stay Hotel Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Extended Stay Hotel Market?
The Extended Stay Hotel Global Market Report 2024 shows a historical growth trend with the market size expanding significantly over recent years. The market is projected to increase from $57.09 billion in 2024 to $61.3 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.4%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Extended Stay Hotel Industry?
The global market for extended stay hotels is projected to reach a total market size of $82.41 billion in 2029, expanding at a compound annual growth rate (CAGR) of 7.7%.
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What are the Key Growth Drivers Fueling the Extended Stay Hotel Market?
The key drivers in the extended stay hotel market are:
• The rising culture of remote work
• Increase in medical tourism
• Growing emphasis on sustainability and wellness
• Shift in housing preferences
• Expansion of family travel accommodations
Global Market Segmentation: Identifying Major Extended Stay Hotel Industry Segments
The extended stay hotel market covered in this report is segmented –
1) By Type: Economic, Middle, Luxury
2) By Stay Duration: Weekly, Long Term
3) By Tourist Type: Domestic, International
4) By Booking Channel: Online, On Phone, In-Person
5) By Application: Travelers, Business Customers, Trainers And Trainees, Government And Army Staff, Other Applications
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What are the Emerging Trends Shaping the Future of the Extended Stay Hotel Market?
The key trends in the extended stay hotel market are:
• The embrace of remote work culture is influencing the future of the extended stay hotel market.
• There is a rising trend towards flexible and hybrid spaces within these accommodations.
• Technological integration for personalized experiences is a significant emerging trend.
• The sector is seeing a substantial shift towards the enhancement of health and safety standards.
Who Are the Top Competitors & Leading Players in the Extended Stay Hotel Market?
The major players in the extended stay hotel market are:
• Marriott International Inc
Regional Dominance: Which Area Leads the Global Extended Stay Hotel Market?
North America was the largest region in the extended stay hotel market in 2024
