Extended Stay Hotels Market By Type (Economy, Mid-Range, Luxury/Upscale), By Tourist Type, By Demography, By Booking Channel, By Location Type, By Application - Global Industry Outlook, Key Companies (Extended Stay America, Marriott International, Hilton Worldwide Holdings Inc., and Others), Trends and Forecast 2025-2034

Market Overview

The global extended stay hotels market is projected to reach USD 61.5 billion in 2025 and is expected to surge to USD 128.2 billion by 2034, growing at a robust CAGR of 8.5%. This growth reflects rising demand for long-term accommodation, serviced apartments, and corporate housing solutions across key international travel and hospitality hubs.

An extended stay hotel is a type of accommodation designed to serve guests who require lodging for an extended period, typically a week or longer, by providing amenities and facilities that resemble a home-like environment. These properties often feature fully equipped kitchens or kitchenettes, spacious living areas, on-site laundry facilities, and flexible housekeeping services to meet the needs of long-term travelers. Extended stay hotels cater to a variety of guests, including corporate professionals on temporary assignments, families in relocation transitions, medical patients receiving treatment away from home, and leisure travelers seeking cost-effective, comfortable stays. They combine the convenience of hotel services with the comfort and functionality of residential living, offering competitive rates that decrease with longer bookings.

The global extended stay hotel market has grown significantly in recent years, driven by changing travel patterns, corporate mobility trends, and the rising demand for flexible, cost-efficient accommodation options. Business travel remains a dominant segment, with companies increasingly booking extended stays for consultants, engineers, and project-based teams. Additionally, the market has benefited from the growth of relocation programs, student mobility, and healthcare-related stays, where travelers prefer the comfort of home-style facilities over conventional hotels. The integration of technology in booking systems, loyalty programs, and digital check-in services has further enhanced the guest experience and operational efficiency, making extended stay hotels a preferred choice for both business and leisure segments.

Regionally, North America leads the extended stay hotel market, supported by a mature hospitality infrastructure, strong corporate travel demand, and well-established hotel chains specializing in long-term lodging. Europe and Asia Pacific are emerging as high-growth regions, fueled by growing urbanization, expanding multinational operations, and the growth of remote work arrangements that encourage longer travel durations. The market is also seeing a shift toward sustainable practices and wellness-focused amenities, as operators adapt to evolving guest preferences. As travel patterns continue to diversify and economic factors encourage cost-effective accommodation, the extended stay hotel industry is expected to maintain steady growth across global markets.

The US Extended Stay Hotels Market

The U.S. Extended Stay Hotels market size is projected to be valued at USD 21.7 billion by 2025. It is further expected to witness subsequent growth in the upcoming period, holding USD 43.4 billion in 2034 at a CAGR of 8.0%.

The US extended stay hotel sector represents one of the most mature and competitive segments in the country’s hospitality industry, characterized by a strong presence of established brands, diversified property portfolios, and consistent demand from both corporate and leisure travelers. These hotels cater extensively to business professionals on long-term assignments, project-based workers, relocating families, and travelers seeking affordable, home-like accommodations. With facilities such as fully equipped kitchens, separate living spaces, complimentary Wi-Fi, and on-site laundry, US extended stay hotels provide a value-driven alternative to traditional hotels, encouraging longer guest retention.

The sector benefits from robust corporate travel activity, government contracts, healthcare-related stays, and seasonal workforce lodging, especially in industries such as construction, energy, technology, and entertainment. Leading players such as Extended Stay America, Residence Inn by Marriott, and Homewood Suites by Hilton have expanded their footprints across metropolitan hubs, suburban markets, and areas near major business districts to maximize occupancy and revenue.

In recent years, the US extended stay hotel market has evolved with the integration of advanced technology, flexible booking models, and diversified service tiers to appeal to a wider customer base. Digital check-in, mobile key access, and loyalty program enhancements have improved guest convenience, while midscale and upscale extended stay properties have gained traction among executives seeking premium amenities for longer durations. Additionally, economic factors, such as rising rental costs and a growing preference for temporary housing, have fueled demand in urban and high-growth job markets. The sector is also witnessing a strong recovery from pandemic-era travel disruptions, supported by the rebound of domestic tourism, hybrid work travel, and long-stay leisure trends. With steady corporate demand, strategic brand diversification, and a growing focus on sustainability and wellness amenities, the US extended stay hotel industry is positioned for continued expansion and resilience in the coming years.

Europe Extended Stay Hotels Market

In 2025, the Europe extended stay hotel market is projected to be valued at approximately USD 14.1 billion, accounting for a significant portion of the global market. This growth is driven by a combination of growing business travel, relocation stays, and a rise in leisure travelers seeking longer-term accommodation options that blend comfort with cost-efficiency. The region benefits from a robust tourism infrastructure, high urbanization, and a well-established hospitality sector that is adapting to evolving consumer preferences. The surge in demand for flexible accommodation models, particularly in major business hubs like London, Paris, Berlin, and Madrid, has further strengthened Europe’s position in the global extended stay market.

Looking ahead, the European market is expected to expand at a compound annual growth rate (CAGR) of 10.1% between 2025 and 2030, outpacing several other mature hospitality markets. This strong growth trajectory will be fueled by sustained investments in serviced apartment facilities, strategic partnerships between hotel operators and real estate developers, and the adoption of digital booking platforms to enhance the customer experience. Additionally, the rise of remote and hybrid work models is encouraging longer stays in both urban and leisure destinations, creating a consistent revenue stream for extended stay operators across the continent.

Japan Extended Stay Hotels Market

In 2025, the Japanese extended stay hotel market is estimated to reach a valuation of USD 2.2 billion, reflecting its growing importance within the Asia-Pacific hospitality landscape. This growth is underpinned by Japan’s steady influx of international tourists, rising business travel, and domestic relocation trends. The country’s strong tourism appeal, driven by cultural heritage, advanced infrastructure, and global events, has created consistent demand for mid-to-long-term accommodation. Extended stay hotels in Japan cater not only to expatriates and corporate travelers but also to domestic guests seeking temporary housing during relocations or home renovations, further diversifying revenue streams for operators.

Looking forward, the Japanese market is poised to grow at a compound annual growth rate (CAGR) of 12.1% from 2025 to 2030, marking one of the fastest growth rates globally. This acceleration is supported by the expansion of mixed-use developments, increased foreign investment in hospitality, and technological integration in guest services such as contactless check-ins and smart room controls. Additionally, the upcoming boost in tourism from inbound travelers—particularly from neighboring Asian countries—alongside the rise of digital nomadism, will further amplify the demand for extended stay accommodations in both urban hubs like Tokyo and Osaka and regional tourist hotspots.

Global Extended Stay Hotels Market: Key Takeaways

• Market Value: The global extended stay hotels market size is expected to reach a value of USD 128.2 billion by 2034 from a base value of USD 61.5 billion in 2025 at a CAGR of 8.5%.
• By Type Segment Analysis: Economy type is anticipated to dominate the type segment, capturing 52.0% of the total market share in 2025.
• By Tourist Type Segment Analysis: Domestic tourists are expected to maintain their dominance in the tourist type segment, capturing 68.0% of the total market share in 2025.
• By Demography Segment Analysis: Men are poised to consolidate their dominance in the demography segment, capturing 58.0% of the market share in 2025.
• By Booking Channel Segment Analysis: Online Booking Channel will hold the maximum market share in the booking channel segment, capturing 74.0% of the market share in 2025.
• By Location Type Segment Analysis: Urban locations are expected to dominate the location type segment, capturing 50.0% of the market share in 2025.
• By Application Segment Analysis: Business Travel applications will dominate the application segment, capturing 39.0% of the market share in 2025.
• Regional Analysis: North America is anticipated to lead the global extended stay hotels market landscape with 42.0% of total global market revenue in 2025.
• Key Players: Some key players in the global extended stay hotels market are Extended Stay America, Marriott International, Hilton Worldwide Holdings Inc., InterContinental Hotels Group (IHG), Wyndham Hotels & Resorts, Choice Hotels International, Hyatt Hotels Corporation, Accor Group, Radisson Hotel Group, Oakwood Worldwide, Ascott Limited (CapitaLand), Staybridge Suites (IHG), TownePlace Suites by Marriott, Residence Inn by Marriott, and Others.

Global Extended Stay Hotels Market: Use Cases

• Corporate Assignments and Project-Based Work: Extended stay hotels are a preferred choice for companies housing employees on long-term assignments, seasonal projects, or training programs. Industries such as technology, engineering, construction, and energy often require workers to relocate temporarily, and extended stay accommodations provide cost-effective lodging with the comfort of home-like amenities. Fully equipped kitchens, spacious work areas, and flexible housekeeping allow corporate travelers to maintain productivity while reducing overall accommodation costs for employers.
• Relocation and Temporary Housing: Families and individuals moving to a new city for work, education, or lifestyle changes often need temporary housing before securing permanent residences. Extended stay hotels cater to this need by offering flexible booking durations, from weekly to monthly stays, and facilities that replicate residential living. Relocation clients benefit from proximity to schools, offices, and essential services, making these hotels a practical bridge between moving out and settling in.
• Medical and Healthcare Travel: Extended stay hotels serve as convenient lodging for patients undergoing long-term medical treatments and their families. Located near major hospitals and medical centers, these properties provide a comfortable, affordable alternative to hospital accommodation. Features such as kitchenettes, laundry services, and quiet environments help guests manage extended recovery periods, while accessible locations minimize travel stress during treatment schedules.
• Long-Stay Leisure and Remote Work Travel: With the rise of remote work and digital nomad lifestyles, extended stay hotels have become attractive to leisure travelers seeking longer stays without sacrificing comfort or connectivity. Guests can work from spacious suites, enjoy reliable high-speed internet, and access local attractions during downtime. These hotels offer a balance of professional amenities and leisure facilities, making them ideal for travelers who blend work commitments with vacation experiences.

Impact of Artificial Intelligence on the Extended Stay Hotels Market

Artificial Intelligence (AI) is transforming the extended stay hotels market by enhancing operational efficiency, guest personalization, and revenue optimization. AI-powered booking platforms use predictive analytics to forecast demand, optimize pricing strategies, and maximize occupancy rates across different stay durations, from weekly to monthly bookings. Chatbots and virtual assistants streamline customer service by providing instant responses to inquiries, facilitating bookings, and handling special requests around the clock. This automation reduces staff workload while improving response times and guest satisfaction, which is particularly valuable for long-term travelers who require consistent communication throughout their stay.

AI also plays a crucial role in personalizing the extended stay experience. Machine learning algorithms analyze guest preferences, booking history, and behavior patterns to recommend tailored room upgrades, amenities, or local activities, growing upselling opportunities, and loyalty program engagement. In-room AI-powered systems, such as smart thermostats, voice assistants, and automated lighting, improve comfort while supporting energy efficiency initiatives. Additionally, AI-driven maintenance systems can predict equipment failures before they occur, minimizing downtime and service interruptions. By integrating AI into both front-end guest services and back-end operations, extended stay hotels can enhance guest satisfaction, reduce operational costs, and maintain a competitive edge in a market where long-term comfort and efficiency are key drivers.

Global Extended Stay Hotels Market: Stats & Facts

• UN World Tourism Organization (UNWTO)

• International tourist arrivals reached 1.29 billion in 2024, representing 98% of pre-pandemic levels.
• Global international tourism receipts grew to USD 1.6 trillion in 2024, up from USD 1.49 trillion in 2023.

• OECD

• Average hotel occupancy rates across OECD countries reached 68.2% in 2024, up from 65.4% in 2023.
• Extended stay and apartment-style accommodations saw an average occupancy rate of 72.5% in 2024, the highest among accommodation types.

• Eurostat

• Nights spent in tourist accommodation in the EU reached 2.91 billion in 2024, up from 2.78 billion in 2023.
• The share of non-hotel accommodation (including extended stay) in total EU stays increased to 27% in 2024 from 25% in 2023.

• US Travel Association (using U.S. Department of Commerce NTTO data)

• International arrivals to the U.S. totaled 67 million in 2024, a 15% increase over 2023.
• Average length of stay for inbound international visitors to the U.S. reached 17.6 nights in 2024, favoring extended stay accommodations.

• Statistics Canada

• Canada recorded 28.9 million overnight international arrivals in 2024, up from 26.5 million in 2023.
• Extended stay hotel occupancy in Canada averaged 74% in 2024, compared to 70% in 2023.

• Australian Bureau of Statistics (ABS)

• Total nights spent in serviced apartments and extended stay properties in Australia increased to 82.3 million in 2024 from 77.1 million in 2023.
• The average length of stay for visitors in Australia rose to 4.2 nights in 2024 from 3.9 nights in 2023.

• Japan Tourism Agency

• International overnight stays in Japan reached 96.8 million in 2024, more than doubling from 2023 levels.
• Average occupancy for serviced residences and extended stay hotels in Tokyo hit 79% in 2024.

Global Extended Stay Hotels Market: Market Dynamics

Global Extended Stay Hotels Market: Driving Factors

Rising Demand for Long-Term Corporate Travel

A key driver for the extended stay hotels market is the growing need for long-term accommodation among corporate travelers engaged in project-based work, relocations, and training programs. Industries such as technology, engineering, and healthcare increasingly rely on extended stay hotels for their cost-effectiveness and residential-style amenities. The inclusion of fully equipped kitchens, dedicated workspaces, and high-speed internet supports productivity while providing a comfortable living environment for business professionals on multi-week or multi-month assignments.

Growth of Remote Work and Digital Nomadism

The surge in remote work has expanded the guest profile for extended stay hotels, attracting freelancers, entrepreneurs, and remote employees seeking flexible and well-equipped accommodations. Extended stay hotels offer the connectivity, workspace, and leisure access needed for extended business-leisure travel. This hybrid demand is particularly strong in urban hubs, resort destinations, and regions with strong cultural or natural attractions, where guests blend professional commitments with lifestyle experiences.

Global Extended Stay Hotels Market: Restraints

High Operational and Maintenance Costs

Operating extended stay hotels can be cost-intensive due to the need for larger units, in-room kitchen facilities, and additional amenities tailored for long-term guests. Frequent maintenance of appliances, housekeeping services, and utilities adds to operational expenses. Without effective cost control strategies, profitability may be challenged, particularly in markets with fluctuating occupancy rates or high competition.

Regulatory and Zoning Challenges

Extended stay hotels in certain regions face complex zoning regulations, licensing requirements, and taxation policies that differ from traditional hotels or rental properties. Compliance with local building codes, fire safety standards, and hospitality laws can slow expansion plans and increase setup costs, especially for independent operators looking to enter new markets.

Global Extended Stay Hotels Market: Opportunities

Integration of Smart Technology and AI Solutions

There is a significant opportunity to enhance guest experiences and operational efficiency through AI-powered services, IoT devices, and automation. Smart room controls, predictive maintenance systems, and AI-based revenue management can reduce costs while growing personalization. This technological integration is increasingly attractive to tech-savvy travelers and corporate clients seeking convenience and efficiency during long stays.

Expansion into Emerging Markets

Rapid urbanization, growing middle-class populations, and increased corporate mobility in regions such as Asia Pacific, the Middle East, and Africa present strong growth potential. Establishing extended stay properties in these markets allows operators to capture first-mover advantages and cater to rising demand from multinational corporations, government projects, and expanding tourism industries.

Global Extended Stay Hotels Market: Trends

Sustainability and Eco-Friendly Amenities

Extended stay hotels are increasingly adopting eco-conscious practices to appeal to environmentally aware travelers. Energy-efficient appliances, reduced plastic usage, water-saving fixtures, and sustainable housekeeping policies not only lower operational costs but also strengthen brand positioning in a market where responsible travel is becoming a decision-making factor.

Hybrid Hospitality Concepts

A growing trend is the blending of traditional hotel services with co-living and serviced apartment features. Extended stay hotels are incorporating shared coworking spaces, community events, and flexible room configurations to attract both short-term guests and long-term residents. This hybrid approach widens the customer base and improves occupancy rates across seasons.

Global Extended Stay Hotels Market: Research Scope and Analysis

By Type Analysis

In the extended stay hotels market, the economy segment is projected to lead the type category in 2025, accounting for 52.0% of the global market share. This dominance is driven by the growing preference among cost-conscious travelers, corporate clients, and long-term guests seeking budget-friendly yet comfortable accommodation options. The segment’s appeal lies in offering essential amenities, functional spaces, and competitive pricing, making it ideal for extended business assignments, relocation stays, and budget tourism. Additionally, the expansion of branded economy extended stay chains across key regions, integrated with the rise of online booking platforms, has enhanced accessibility and occupancy rates for this segment.

The mid-range segment also holds a significant share in the extended stay hotel industry, catering to travelers who seek a balance between affordability and upgraded comfort. These properties typically offer enhanced amenities such as larger living spaces, on-site dining, fitness centers, and business facilities, appealing to corporate executives, leisure travelers, and families. The mid-range segment benefits from demand in both developed and emerging markets, where rising disposable incomes and a growing number of blended work-leisure trips are prompting guests to choose accommodation options that deliver higher value without entering the premium price bracket. This positioning allows mid-range extended stay hotels to attract a diverse clientele and maintain steady occupancy levels year-round.

By Tourist Type Analysis

Domestic tourists are projected to account for 68.0% of the total market share in the tourist type segment by 2025, reflecting their strong influence on the extended stay hotels market. This dominance is largely supported by factors such as growing intra-country travel, business relocations, long-term work assignments, and leisure trips within national borders. Domestic travelers often choose extended stay hotels for convenience, cost-effectiveness, and familiarity with local culture, making them a reliable customer base year-round. Additionally, regional tourism initiatives, infrastructure improvements, and the trend of “staycations” have further fueled demand in this segment, especially in markets where domestic travel offers a safer or more economical alternative to international trips.

The international tourist segment, while smaller in comparison, plays a vital role in driving growth for the extended stay hotel industry. These travelers often include expatriates, long-term project professionals, international students, and leisure tourists on extended holidays. Extended stay hotels appeal to them by offering home-like amenities, flexibility, and affordability compared to traditional hotels for prolonged stays. Growth in this segment is supported by increased global mobility, the expansion of multinational corporations, and rising interest in cultural immersion experiences. Additionally, visa relaxations, improved air connectivity, and global events continue to enhance the inflow of international visitors, contributing to steady demand in this category.

By Demography Analysis

Men are expected to hold 58.0% of the market share in the demography segment by 2025, highlighting their stronger presence in the extended stay hotel market. This dominance can be attributed to higher travel frequencies among men for purposes such as corporate assignments, business relocations, and long-term project work. In many industries, men still account for a larger proportion of employees in roles that require extended travel or relocation, which naturally boosts demand in this category. Additionally, solo male travelers and groups undertaking leisure trips, sports events, or adventure activities often opt for extended stay hotels due to their affordability, convenience, and ability to accommodate longer visits with essential amenities like kitchens and workspaces.

Women, although representing a smaller share, form a steadily growing and important customer segment in the extended stay hotel industry. Their demand is supported by growing participation in the workforce, greater involvement in business travel, and the rise of female-led entrepreneurship and remote work lifestyles. Women travelers, whether solo, in groups, or with families, often seek extended stay hotels for their safety features, comfortable environments, and facilities tailored to longer stays, such as laundry services and well-equipped living spaces. Additionally, the growth of wellness tourism, cultural exploration, and social media-driven travel trends among women is likely to enhance their market share in the coming years.

By Booking Channel Analysis

Online booking channels are projected to capture 74.0% of the market share in 2025, reflecting the growing preference for digital platforms due to their convenience, transparency, and competitive pricing. The availability of user-friendly websites, mobile applications, and third-party travel portals has made it easier for travelers to compare options, read reviews, and secure bookings instantly. Features like flexible cancellation policies, loyalty programs, and exclusive online discounts further encourage customers to choose digital channels over traditional methods. The widespread use of smartphones and improved internet connectivity, integrated with the integration of AI-driven personalization in booking platforms, has also played a key role in driving this dominance.

In-person booking, while holding a smaller share, continues to be relevant for travelers who prefer direct interaction and a more personalized service experience. This channel is often favored by last-minute travelers, older demographics less comfortable with online systems, and customers seeking custom arrangements or negotiated rates. In-person bookings are also common for walk-in guests, corporate tie-ups, and special events where clients want to directly inspect the property before committing. Despite the shift toward digital platforms, the in-person channel remains important in maintaining customer relationships, handling unique travel requirements, and catering to markets with lower digital adoption rates.

By Location Type Analysis

Urban locations are anticipated to account for 50.0% of the market share in 2025, driven by their higher concentration of businesses, tourist attractions, and transportation hubs. These areas benefit from greater foot traffic, a diverse customer base, and better infrastructure, which makes them highly attractive for both leisure and business travelers. Urban locations often offer a wide range of accommodations, entertainment options, and cultural experiences, appealing to domestic and international visitors alike. The presence of corporate offices, event venues, and shopping districts also boosts demand for accommodations and related services, particularly from business travelers and tourists seeking convenience and accessibility.

Suburban locations, while holding a smaller share, cater to customers seeking more relaxed, spacious, and cost-effective alternatives to urban centers. They are often chosen by families, long-stay travelers, and those looking for quieter environments without sacrificing proximity to urban amenities. Suburban areas may also benefit from rising remote work trends, encouraging longer leisure stays and mixed business-leisure travel. With improving transportation connectivity and urban sprawl, suburban destinations are becoming more accessible, allowing them to attract a segment of travelers who value both affordability and comfort while avoiding the congestion and higher costs associated with city centers.

By Application Analysis

Business travel applications are projected to account for 39.0% of the market share in 2025, driven by the steady demand from corporate sectors for meetings, conferences, client visits, and other professional engagements. Companies often prioritize efficiency, convenience, and premium services, leading to higher spending on travel arrangements, accommodation, and related amenities. The growth of global trade, cross-border collaborations, and industry-specific events continues to sustain this segment, with urban hubs and business districts serving as key destinations. Technological integration in booking platforms, loyalty programs, and flexible travel policies further supports the prominence of business travel in the market.

Leisure travel, while slightly smaller in share, caters to individuals and groups traveling primarily for relaxation, exploration, and personal enjoyment. This segment is highly influenced by tourism trends, seasonal holidays, cultural events, and growing disposable incomes. Leisure travelers often seek diverse experiences, from luxury resorts to adventure tourism, and may exhibit more flexible travel planning compared to business travelers. The rise of experiential tourism, social media-driven destination choices, and bundled vacation packages is fueling growth in this segment, with destinations ranging from bustling cities to serene nature retreats. The recovery of international tourism post-pandemic is expected to further strengthen the leisure travel segment’s contribution to the overall market.

The Extended Stay Hotels Market Report is segmented on the basis of the following:

By Type

• Economy
• Mid-Range
• Luxury/Upscale

By Tourist Type

• Domestic
• International

By Demography

• Men
• Women
• Children

By Booking Channel

• Online Booking
• In-Person Booking
• Others

By Location Type

• Urban/Central Business District
• Suburban
• Airport
• Resort/Leisure
• Highway/Roadside

By Application

• Business Travel
• Leisure Travel
• Relocation/Assignment Housing
• Medical Stay
• Others

Global Extended Stay Hotels Market: Regional Analysis

Region with the Largest Revenue Share

North America is anticipated to dominate the global extended stay hotels market in 2025, capturing 42.0% of the total market revenue. This leadership position is driven by the region’s strong business travel sector, rising demand for temporary corporate housing, and the growing popularity of long-term leisure stays among domestic and international travelers. Well-developed hospitality infrastructure, integrated with the presence of major market players and consistent investment in modern amenities, further strengthens the market in the region. Additionally, favorable economic conditions and the growing adoption of flexible accommodation options by both businesses and individuals continue to fuel growth in North America’s extended stay hotel segment.

Region with significant growth

Asia Pacific is projected to witness significant growth in the global extended stay hotels market, driven by rapid urbanization, expanding tourism, and a surge in business travel across emerging economies such as China, India, and Southeast Asian nations. The region’s growing middle-class population, integrated with rising disposable incomes, is boosting demand for affordable yet comfortable long-term accommodation options. Additionally, increased foreign investments, the expansion of multinational companies, and the rise of digital nomads are contributing to the popularity of extended-stay hotels. Government initiatives promoting tourism infrastructure and visa liberalization policies are further accelerating market growth in the Asia Pacific region.

By Region

North America

• The U.S.
• Canada

Europe

• Germany
• The U.K.
• France
• Italy
• Russia
• Spain
• Benelux
• Nordic
• Rest of Europe

Asia-Pacific

• China
• Japan
• South Korea
• India
• ANZ
• ASEAN
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Argentina
• Colombia
• Rest of Latin America

Middle East & Africa

• Saudi Arabia
• UAE
• South Africa
• Israel
• Egypt
• Rest of MEA

Global Extended Stay Hotels Market: Competitive Landscape

The global competitive landscape of the extended stay hotels market is characterized by the dominance of established international hotel chains alongside a growing number of regional and independent operators. Major players such as Marriott International, Hilton Worldwide, InterContinental Hotels Group (IHG), Wyndham Hotels & Resorts, and Extended Stay America command significant market share through expansive brand portfolios, loyalty programs, and strategic location coverage across urban, suburban, and airport markets. These companies compete on service quality, pricing, amenities, and technology integration, with many investing in digital booking platforms, AI-driven personalization, and sustainability initiatives to differentiate their offerings. Regional brands and niche operators are also gaining traction by targeting specific customer segments such as corporate professionals, medical travelers, and digital nomads. Strategic partnerships, franchise expansions, and property conversions are common growth strategies, creating a dynamic and competitive environment where innovation, guest experience, and operational efficiency are key to maintaining a competitive edge.

Some of the prominent players in the global extended stay hotels market are:

• Extended Stay America
• Marriott International
• Hilton Worldwide Holdings Inc.
• InterContinental Hotels Group (IHG)
• Wyndham Hotels & Resorts
• Choice Hotels International
• Hyatt Hotels Corporation
• Accor Group
• Radisson Hotel Group
• Oakwood Worldwide
• Ascott Limited (CapitaLand)
• Staybridge Suites (IHG)
• TownePlace Suites by Marriott
• Residence Inn by Marriott
• Candlewood Suites (IHG)
• Homewood Suites by Hilton
• Element Hotels (Marriott)
• AKA Hotels + Hotel Residences
• Quest Apartment Hotels
• Fraser Hospitality Group
• Other Key Players

Global Extended Stay Hotels Market: Recent Developments

• July 2025: Hospitality financial-ops platform Folio raised USD 14 million in Series A funding, led by Thrive Capital and Construct Capital, to expand solutions for streamlining hotel back-office operations.
• June 2025: Marriott International introduced its StudioRes mid-scale extended-stay brand, opening its first location in Fort Myers, Florida, targeting budget-conscious guests such as digital nomads and temporary assignees with studio-style rooms featuring kitchenettes and modular layouts.
• April 2025: Marriott International acquired the Dutch lifestyle chain citizenM for approximately USD 355 million, adding around 36 hotels across 20+ cities and boosting its footprint in the affordable-luxury and select-service segments.
• March 2025: A USD 43 million financing package was secured for a portfolio of five premium select-service and extended-stay hotels across the U.S., brokered by JLL for American Hotel Income Properties REIT LP.

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