Articles tagged “extended stays”

Hotels

Wyndham Sees Tech Upgrades as Driving Higher Hotel Profits

Wyndham said its RevPAR (that's hotel-speak for "how much money we make per room") might be flat this year, but its EBITDA (that's finance-speak for "profits, kinda") was still looking good. The hotel franchisor partly chalked that up to an improved tech game that has helped it boost margins.

Sean O'Neill | 2 months ago

Wyndham Sees Tech Upgrades as Driving Higher Hotel Profits

Hotels

Extended-Stay Hotel Boom Gets a Reality Check

While the extended-stay hotel boom may be more of a slow burn than a supernova, hotel brands with patience and deep pockets may find the long-term rewards to be substantial.

Sean O'Neill | 2 months ago

Extended-Stay Hotel Boom Gets a Reality Check

Hotels

Wyndham Adds 25th Brand, Hybrid of Hotels and Short-Term Rentals

Unfinished hotel rooms are something new for a major hotel group. That's what Wyndham is offering in roughly 40% of the rooms of its newest brand.

Sean O'Neill | 6 months ago

Wyndham Adds 25th Brand, Hybrid of Hotels and Short-Term Rentals

News Blog

Hyatt to Debut Its Extended-Stay Brand in Markets It Hasn’t Tapped Yet

Hyatt gave details on Wednesday about the first locations for Hyatt Studios, a brand it unveiled in April. The hotel operator will open the first Hyatt Studios just outside of Mobile, Alabama, and Marysville, California — targeting spots where its other brands aren't present. "We’ve learned that when Hyatt guests stay with a competing brand, they…

Sean O'Neill | 1 year ago

Hotels

Wyndham Sees Modest Weakening for Budget Hotels as Trends Normalize

Looking ahead, Wyndham executives said they weren't concerned about competition from Marriott, Hilton, and Hyatt in the extended-stay segment because they believe their model is aimed at delivering a more affordable product with lower costs for developers.

Sean O'Neill | 1 year ago

Wyndham Sees Modest Weakening for Budget Hotels as Trends Normalize

News Blog

Wyndham Signs 60 New Extended Stay Hotels in North America

Wyndham Hotels & Resorts said on Tuesday it had signed 60 more hotels for its Echo Suites Extended Stay by Wyndham brand in the U.S. and Canada. That brings the extended-stay brand’s pipeline to 265 hotels, with about 33,000 rooms. It's the fastest-growing brand in Wyndham's development pipeline. The growth is remarkable. Wyndham only formally announced the…

Sean O'Neill | 1 year ago

Hotels

Marriott to Launch Hotel Brand for Budget-Minded Extended-Stay Guests

Marriott's move underscores how hot the extended-stay category is.

Sean O'Neill | 1 year ago

Marriott to Launch Hotel Brand for Budget-Minded Extended-Stay Guests

Short-Term Rentals

Blueground Buys a Rival Housing Platform to Help Launch a Partner Network

Blueground's second acquisition this year is part of its strategy to build a global accommodation network, listing third-party inventory.

Srividya Kalyanaraman | 1 year ago

Blueground Buys a Rival Housing Platform to Help Launch a Partner Network