Demand continues to rise for extended-stay hotels, even as rates increase
Skift Take
Established brands like Marriott and Hilton are expanding their extended-stay properties -- a lucrative move as the revenues for these hotels have increased over 8 percent for the last year.
It’s a story with a familiar ring to it: The extended-stay segment of the hotel business is performing well above the rest of the industry. In particular, as a recent report from The Highland Groupshows, the segment has been able to raise rates at a faster
