With a focus on actionable insights and strategic value, The Business Research Company’s 2026 market reports include market attractiveness scoring, total addressable market sizing, company benchmarking matrices, interactive Excel dashboards, deeper supply chain intelligence, emerging startup tracking, and granular product-level insights.
Extended Stay Hotel Market Size Snapshot: 2026 Valuation, 2030 Projection And Key Growth Factors
The extended stay hotel market has experienced robust growth in recent years. It is projected to expand from $61.08 billion in 2025 to $65.71 billion in 2026, registering a compound annual growth rate (CAGR) of 7.6%. This historical growth can be attributed to several factors including an increase in business travel, the expansion of urban employment hubs, a rising demand for cost-effective long-term accommodations, an uptick in relocation assignments, and the broader availability of serviced apartments.
The extended stay hotel market is projected to experience substantial expansion in the coming years. This market is anticipated to reach $88.92 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.9%. This projected growth is driven by factors such as the rise in remote work assignments, increasing requirements for long-term corporate travel, the development of infrastructure projects, a greater need for adaptable lodging options, and the expansion of extended stay hotel chains. Key trends during this period encompass a heightened demand for lengthy stays, a stronger inclination towards fully furnished accommodations, the wider implementation of flexible pricing strategies, an increase in corporate and project-oriented visits, and an emphasis on providing guests with a home-like atmosphere.
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Major Factor Fueling The Extended Stay Hotel Market Through 2030
The expanding tourism industry is anticipated to fuel the growth of the extended-stay hotel market moving forward. Tourism refers to a multifaceted cultural, social, and economic activity involving individuals traveling to destinations or countries beyond their regular environment for personal enjoyment, business endeavors, or professional obligations. Extended-stay hotels offer a home-like comfort to travelers, business professionals, and other individuals by providing various amenities and services, such as laundry and kitchen facilities, to help them maintain productivity in a new city or setting. As an illustration, the Office for National Statistics, a UK-based executive agency, reported in May 2024 that the number of international visitor arrivals in the UK saw an increase from 31.2 million in 2022 to 38.0 million in 2023. Therefore, the flourishing tourism sector is a significant impetus behind the expansion of the extended-stay hotel market.
Extended Stay Hotel Market Segment Landscape: Main Categories And Subcategories Covered
The extended stay hotel market covered in this report is segmented –
1) By Type: Economic, Middle, Luxury
2) By Stay Duration: Weekly, Long Term
3) By Tourist Type: Domestic, International
4) By Booking Channel: Online, On Phone, In-Person
5) By Application: Travelers, Business Customers, Trainers And Trainees, Government And Army Staff, Other Applications
Subsegments:
1) By Economic: Budget Extended Stay Hotels, Economy Suites
2) By Middle: Midscale Extended Stay Hotels, Business Class Extended Stay Hotels
3) By Luxury: Upscale Extended Stay Hotels, Premium Extended Stay Suites
How Are Emerging Trends Influencing The Extended Stay Hotel Market’s Growth Path?
Leading firms in the extended-stay hotel market are concentrating on creating novel solutions, including extended stay suite brands. These brands represent hotel chains or specific brands dedicated to offering lodging tailored for extended durations. Such suites commonly feature amenities like complete kitchens, dedicated living spaces, and more room than standard hotel rooms. As an example, in June 2023, Marriott International, Inc., a hospitality company headquartered in the US, unveiled ‘Project MidX Studios’. This midscale extended stay brand is conceptualized to deliver contemporary comfort at an accessible price, intending to provide moderately priced lodging for visitors requiring longer stays across the United States and Canada.
Extended Stay Hotel Market Leading Players And Key Industry Participants In 2026
Major companies operating in the extended stay hotel market are Marriott International Inc., Hilton Worldwide Holdings Inc., Hyatt Hotels Corporation, Accor Group, G6 Hospitality LLC, InterContinental Hotels Group PLC, Wyndham Hotels And Resorts Inc., Choice Hotels International Inc., Extended Stay America Inc., The Ascott Limited, Sonder Holdings Inc., InTown Suites, Larkspur Landing, National Corporate Housing Inc., Kasa Living Inc., Domio Inc., Ginosi Corporation, Synergy Global Housing LLC, My Place Hotels Of America LLC, Mint House Inc., Blueground, The Locale LLC, Corporate Worldwide Stay LLP, Le Square Phillips, Les Suites Hotel, WaterWalk Hotel Apartments, Zeus Living Inc., Crestwood Suites Hotel
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Extended Stay Hotel Market By Geography: Revenue Leaders Among Global Regions
North America was the largest region in the extended stay hotel market in 2025. The regions covered in the extended stay hotel market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
