Demand for extended stay and alternative accommodation options is on the rise in the business travel sector. But according to Bridgestreet CEO & President Sean Worker, not all extended stay inventory is created equal.
Choice CEO Pat Pacious has demonstrated he's not one for a sleepy start as he settles into his new role as CEO. He's hit the ground running with the rollout of a new booking system and an acquisition that will help the company play ball in a competitive midscale and extended stay landscape.
We have our reservations (pun intended), but if the popularity of pod-like hotels is any indication, perhaps this might just work for YotelPad and its experiment in reviving the condo hotel concept.
Given the rise of homesharing and shared workspaces, there are plenty of more external forces at work that will impact the extended stay market in the coming years. The key to success for Extended Stay America's new CEO will be taking these all into account.
Everyone wants a piece of the extended stay market, so it'll be interesting to see how the new CEO guides Extended Stay America in this increasingly competitive space.
The extended stay portion of the lodging business continues to see strong demand. But are extended stay brands doing enough to keep up with travelers' evolving tastes and needs? And what about Airbnb?
It only makes sense that extended stay properties with full kitchens would catch on to this growing food trend. The challenge is getting it from the cities where it flourishes to the exurbs where extended stay properties are more popular.