Extended Stay Hotel Market foresee Report Industry Size, Segment by Key Companies, Types Applications and predict to 2026

Global Extended Stay Hotel Market Report by Market Study report scrutinizes the overall market synopsis globally, their restraining factors, drivers, major challenges, opportunities, latest trends to stabilize the global Extended Stay Hotel market situation, future developmental plans, and values pertaining to various marketing states. This global Extended Stay Hotel market report also enables users to make a decision and considering the overall market feasibility. It also adds thorough information on market size, product, key players, various application and major geographical regions.

Global Extended Stay Hotel Market is valued approximately USD  million in 2019 and is anticipated to grow with a healthy growth rate of more than % over the forecast period 2020-2026. Extended stay hotel is a type of service apartment complex which uses a hotel-style booking system. Extended stay hotel is comparable to renting an apartment, but with no stable contracts and occupants can leave whenever they want.

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The idea behind the extended stay hotels is to make sure hassle-free walkouts for the tenants. The idea of extended stay hotel first evolved in holiday destinations as an accessibility for families that needed to live in an apartment rather than staying in a lodge. These hotels usually provide fully fitted condos such as laundry, washing and most notably kitchen facilities, which gives a comfortable feeling to the occupants. These hotels are ordinarily custom designed, and it consist of different apartments. The extent of the stay in these hotels varies from a couple of days to months or even years. Growing tourism industry, along with rising disposable income of individual are the few factors responsible for high CAGR of the market over the forecast period. As per the World Tourism Organization is the United Nations (UNWTO), in 2018, there were around 1.4 billion international tourists arrived around the world, an increase of almost 7.69% from 2017 which holds nearly 1.3 billion international tourist arrival. This, in turn, is expected to accelerate the need for extended stay hotel, thus contributing to the growth of the global market. However, in the recent year, the world is facing the crisis of COVID-19 pandemic and several countries put lockdown to prevent the spread of this infectious disease. Due to this reason, the number of international tourist arrivals is declining thereby, the need for extended stay hotel will decrease as well. Moreover, unavailability of extended stay hotels in remote locations or small towns is also the major factors limiting the market growth over the forecast period of 2020-2026.

The regional analysis of global Extended Stay Hotel market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the large presence of extended stay hotels and increasing number of international tourist arrivals in the region. Whereas, Europe is anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026.

Major market player included in this report are:
Hilton Worldwide
Hyatt Hotel
Choice Hotels International
InterContinental Hotels Group (IHG)
Marriot International
Wyndham Hotel Group
Holiday Inn

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Economic Type Extended Stay Hotel
Middle Type Extended Stay Hotel
Luxury Type Extended Stay Hotel

By Application:
Travelers
Business Customers
Trainers & Trainees
Others

 

Table of Contents:

  • Global Emergency Extended Stay Hotel Market Overview
  • Market Competition by Manufacturers
  • Production, Revenue (Value) by Region
  • Supply (Production), Consumption, Export, Import by Regions
  • Production, Revenue (Value), Price Trend by Type
  • Market Analysis by Application
  • Manufacturing Cost Analysis
  • Industrial Chain, Sourcing Strategy and Downstream Buyers
  • Marketing Strategy Analysis, Distributors/Traders
  • Market Effect Factors Analysis

Summary of the regional outlook documented in this report:

  • Consumption pattern and consumption rate with respected to each region.
  • Predicted consumption rates over the forecast period.
  • Market forecasts of key regions are detailed in the report.
  • Consumption market share solely based on the regional contribution.
  • Market share held by the listed geographies.

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