HTF MI recently introduced Global Extended Stay Hotel Market study with 123+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2024-2030). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are 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).
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According to HTF Market Intelligence, the Global Extended Stay Hotel market to witness a CAGR of 5.6% 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, ).
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
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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
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
- The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
- North America (United States, Mexico & Canada)
- South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
- Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
- Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
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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 or History
Chapter 06 — Global Extended Stay Hotel Market Segmentation (e.g. Type, Application)
Chapter 07 – Key and Emerging Countries Analysis Worldwide Extended Stay Hotel Market
Chapter 08 – Global Extended Stay Hotel Market Structure & worth Analysis
Chapter 09 – Global Extended Stay Hotel Market Competitive Analysis & Challenges
Chapter 10 – Assumptions and Acronyms
Chapter 11 – Extended Stay Hotel Market Research Methodology
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