Dublin, May 21, 2024 (GLOBE NEWSWIRE) -- The "Extended Stay Hotels in the US - Industry Market Research Report" report has been added to ResearchAndMarkets.com's offering.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Industry revenue to rise at a CAGR of 3.2% to $20.9 billion over the past five years, including an anticipated 2.9% increase in 2023. This industry comprises establishments that primarily provide short- to long-term lodging in facilities known as extended stay hotels.
Extended stay hotels offers short- and long-term accommodations for guests. With amenities including self-serve laundry and in-suite kitchens, they are a cost-effective and convenient alternative to renting a traditional apartment. The industry is highly susceptible to changes in the domestic and global economic environments, and consequently, extended stay hotels have experienced substantial volatility because of COVID-19.
The industry benefited from increased travel spending, corporate profit and general consumer spending over most of the five years to 2023. However, COVID affected these factors substantially as it reversed economic trends that had benefited the industry by stifling spending and halting travel. Nonetheless, surging leisure travel demand and strong growth prior to COVID will boost revenue overall.
Key Topics Covered:
ABOUT THIS INDUSTRY
- Industry Definition
- Main Activities
- Similar Industries
- Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
- Executive Summary
- Key External Drivers
- Current Performance
- Industry Outlook
- Industry Life Cycle
PRODUCTS & MARKETS
- Supply Chain
- Products & Services
- Demand Determinants
- Major Markets
- International Trade
- Business Locations
COMPETITIVE LANDSCAPE
- Market Share Concentration
- Key Success Factors
- Cost Structure Benchmarks
- Basis of Competition
- Barriers to Entry
- Industry Globalization
MAJOR COMPANIES
- Marriott International Inc.
- Extended Stay America, Inc.
- Hilton Worldwide Holdings Inc.
OPERATING CONDITIONS
- Capital Intensity
- Technology & Systems
- Revenue Volatility
- Regulation & Policy
- Industry Assistance
KEY STATISTICS
- Industry Data
- Annual Change
- Key Ratios
JARGON & GLOSSARY
For more information about this report visit https://www.researchandmarkets.com/r/kah64c
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