HTF MI recently introduced Global Extended Stay Hotel Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2024-2032). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence. Some key players from the complete study are Marriott International, Extended Stay America, InterContinental Hotels Group (IHG), Choice Hotels, Hyatt Hotels, Hilton Worldwide, Wyndham Hotels, Accor, Radisson Hotel Group, Sonesta.
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According to HTF Market Intelligence, the Global Extended Stay Hotel market is expected to grow from 30 billion USD in 2023 to 50 billion USD by 2032, with a CAGR of 7% from 2024 to 2032. The Extended Stay Hotel market is segmented by Types (Budget Extended Stay, Mid-Range Extended Stay, Luxury Extended Stay), Application (Business Travel, Relocation, Long-Term Tourism) and by Geography (North America, LATAM, West Europe, Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA).
Definition:
The Extended Stay Hotel Market focuses on accommodation solutions that cater to travelers requiring long-term stays, typically lasting a week or more. These hotels offer home-like amenities such as kitchenettes, laundry services, and workspace areas, making them popular among business travelers, relocators, and long-term vacationers. The market has experienced steady growth, driven by rising demand from corporate travelers, increased relocations, and more flexible work arrangements. Challenges include the need for operational efficiency and maintaining customer loyalty amid competition from short-term rental platforms like Airbnb.
Dominating Region:
North America
Fastest-Growing Region:
Europe
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The titled segments and sub-section of the market are illuminated below:
In-depth analysis of Extended Stay Hotel market segments by Types: Budget Extended Stay, Mid-Range Extended Stay, Luxury Extended Stay
Detailed analysis of Extended Stay Hotel market segments by Applications: Business Travel, Relocation, Long-Term Tourism
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
• The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
• North America (United States, Mexico & Canada)
• South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
• Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
• Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
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Extended Stay Hotel Market Research Objectives:
– Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
– To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
– To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.
– To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
– To deliberately profile the key players and systematically examine their growth strategies.
FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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Points Covered in Table of Content of Global Extended Stay Hotel Market:
Chapter 01 – Extended Stay Hotel Executive Summary
Chapter 02 – Market Overview
Chapter 03 – Key Success Factors
Chapter 04 – Global Extended Stay Hotel Market – Pricing Analysis
Chapter 05 – Global Extended Stay Hotel Market Background or History
Chapter 06 – Global Extended Stay Hotel Market Segmentation (e.g. Type, Application)
Chapter 07 – Key and Emerging Countries Analysis Global Extended Stay Hotel Market
Chapter 08 – Global Extended Stay Hotel Market Structure & worth Analysis
Chapter 09 – Global Extended Stay Hotel Market Competitive Analysis & Challenges
Chapter 10 – Assumptions and Acronyms
Chapter 11 – Extended Stay Hotel Market Research Methodology
Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, LATAM, Europe, Japan, Australia or Southeast Asia.
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