Exporting the Extended-Stay Hotel Model Around the World
Skift Take
The success of the sharing economy demonstrates that there is a market for hotel brands that cater to travelers who need to spend a longer time in a destination but demand fewer frills.
Earlier this month we launched our latest free report The Changing Business of Extended-Stay Hotels, brought to you in partnership with Homewood Suites by Hilton.
Below is an extract. Get the full report here to get ahead of this trend.
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The slow and steady supply growth of the segment within the U.S. has meant even slower development outside its borders.
In addition, the unique operating model of extended-stay means that it's not likely to be the first development project in a market.
For instance, Canada is a mature market for many extended-stay franchised brands. But just ten years ago, there were no extended stay hotels in Canada, says Bill Fortier, Hilton World
