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Extended Stay Hotel Market Value Growth And Long-Term Outlook
The extended stay hotel market size has demonstrated robust growth in recent years. It is projected to expand from $61.08 billion in 2025 to $65.71 billion in 2026, with a compound annual growth rate (CAGR) of 7.6%. This historical development can be ascribed to elements such as an increase in business travel, the expansion of urban employment centers, the demand for economical long-term accommodations, a surge in relocation assignments, and the widespread availability of serviced apartments.
The extended stay hotel market is anticipated to experience substantial growth in the upcoming years. It is projected to expand to $88.92 billion by 2030, achieving a compound annual growth rate (CAGR) of 7.9%. The expansion during the forecast period can be attributed to an increase in remote work assignments, sustained corporate travel requirements, a rise in infrastructure projects, the necessity for adaptable lodging options, and the growth of extended stay hotel chains. Dominant trends in the forecast period include a heightened demand for lengthy accommodation, a growing inclination towards fully furnished suites, wider implementation of flexible pricing models, an increase in corporate and project-specific stays, and a focus on providing guests with a home-like environment.
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Extended Stay Hotel Market Industry Drivers: What’s Behind The Revenue Growth?
The expanding tourism industry is anticipated to boost the growth of the extended-stay hotel market moving forward. Tourism refers to a cultural, social, and economic phenomenon where individuals travel to countries or places outside their usual environment for personal, business, or professional reasons. Extended-stay hotels offer travelers, business clients, and other individuals home-like comfort by providing a range of amenities and services, such as cleaning and cooking options, to assist them in staying productive in new cities or locations. For example, in May 2024, the Office for National Statistics, an executive office of the UK Statistics Authority based in the UK, reported an increase in international visitor numbers to the UK in 2023 compared to 2022, rising from 31.2 million in 2022 to 38.0 million in 2023. Therefore, the expanding tourism sector is a significant driver for the growth of the extended-stay hotel market.
Extended Stay Hotel Market Segment Outlook: Which Categories Are Growing Fastest?
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
#Extended Stay Hotel Market Growth Trends: What’s Shaping The Future Outlook?
Leading businesses within the extended-stay hotel sector are concentrating on creating novel solutions, including specialized extended stay suite brands. These brands represent hotel chains specifically designed to furnish lodging for prolonged durations, with their suites typically coming equipped with amenities like complete kitchens, distinct living areas, and more spacious layouts than conventional hotel rooms. As an illustration, Marriott International, Inc., a hospitality firm based in the US, unveiled ‘Project MidX Studios’ in June 2023. This particular midscale extended stay brand is structured to deliver contemporary comfort at an accessible cost, intending to provide economically priced lodging for individuals requiring extended stays across the United States and Canada.
Extended Stay Hotel Market Leading Companies And Competitive Benchmarking
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 Regional Analysis: Which Geography Leads On Revenue?
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.