Global Extended Stay Hotel Market Size, Status and Forecast 2024-2030 is the latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities, and leveraging strategic and tactical decision-making support. A detailed study accumulated to offer the Latest insights about acute features of the Extended Stay Hotel market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary, and SWOT analysis. The Major Players Covered involved such as Hilton Worldwide (United States), Choice Hotels International (United States), InterContinental Hotels Group (United Kingdom), Holiday Inn (United States), Marriot (United States), Hyatt (United States), Wyndham Hotel Group (United States), Extended Stay America (United States), Candlewood Suites (United States), OYO Rooms (India), etc.
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According to HTF Market Intelligence, the Global Extended Stay Hotel market to witness a CAGR of 5.5% during forecast period of 2024-2030. The market is segmented by Application (Travelers, Business Customers, Trainers and Trainees, Government and Army Staff, Others) and by Type (Economic, Middle, Luxury, ). The Extended Stay Hotel market size is estimated to increase by USD 67.90 Million at a CAGR of 5.59% from 2024 to 2030. The report includes historic market data from 2021 to 2024E. Currently, market value is pegged at USD 176.30 Million.
Definition:
Extended stay hotel are the hotels where the tourists can book an accommodation for 5 days or more. It offers limited to no food and beverage facilities or meeting space. It is just like renting an apartment with no fixed contract. These hotels are available in holiday destinations where tourists wanted to live in apartment rather than a lodge. The apartments are then developed into the homes where the inhabitants can cook, clean and wash. Further, the building comprise of individual guestrooms, flats or rental units. Hence, these hotels are fitted with the facility like a normal home.
Market Trends:
- Increasing Demand of Healthy and Green Options from Guests
- Introduction of Flexible Spaces Such as Outdoor Kitchen
Market Drivers:
- Cost Effective Apartments are fueling the Market Growth
- Availability of Facilities Such as Laundry, Cleaning, Washing and Kitchen Facilities which Provides Homely Feeling
Market Opportunities:
- Easy Availability of Online Bookings are Boosting the Market Growth
- Increasing Promotional Activities
This study also covers company profiling, specifications and product picture, sales, market share, and contact information of various regional, international, and local vendors of Extended Stay Hotel Market. The market proposition is frequently developing ahead with the rise in scientific innovation and M&A activities in the industry. Additionally, many local and regional vendors are offering specific application products for varied end-users. The new merchant applicants in the market are finding it hard to compete with international vendors based on reliability, quality, and modernism in technology.
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The titled segments and sub-section of the market are illuminated below:
In-depth analysis of Extended Stay Hotel market segments by Types: Economic, Middle, Luxury
Detailed analysis of Extended Stay Hotel market segments by Applications: Travelers, Business Customers, Trainers and Trainees, Government and Army Staff, Others
Regional Analysis for Extended Stay Hotel Market:
• APAC (Japan, China, South Korea, Australia, India, and the Rest of APAC; the Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)
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Extended Stay Hotel Market Research Objectives:
– Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
– To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
– To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.
– To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
– To deliberately profile the key players and systematically examine their growth strategies.
FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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Points Covered in Table of Content of Global Extended Stay Hotel Market:
Chapter 01 – Extended Stay Hotel Executive Summary
Chapter 02 – Market Overview
Chapter 03 – Key Success Factors
Chapter 04 – Global Extended Stay Hotel Market – Pricing Analysis
Chapter 05 – Global Extended Stay Hotel Market Background
Chapter 06 — Global Extended Stay Hotel Market Segmentation
Chapter 07 – Key and Emerging Countries Analysis in Global Extended Stay Hotel Market
Chapter 08 – Global Extended Stay Hotel Market Structure Analysis
Chapter 09 – Global Extended Stay Hotel Market Competitive Analysis
Chapter 10 – Assumptions and Acronyms
Chapter 11 – Extended Stay Hotel Market Research Methodology
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