Product Code: ETC13316110 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Extended Stay Hotel Market was valued at USD 50.3 Billion in 2024 and is expected to reach USD 75.8 Billion by 2031, growing at a compound annual growth rate of 7.80% during the forecast period (2025-2031).
The Global Extended Stay Hotel Market is experiencing steady growth due to increasing demand from business travelers, tourists, and individuals seeking longer-term accommodation options. Factors driving this market include the rising trend of remote work, project-based assignments, and the desire for more spacious and cost-effective lodging alternatives compared to traditional hotels. Key players in the market are expanding their offerings to cater to diverse customer needs, such as extended amenities, flexible booking options, and enhanced safety measures. Regions like North America, Europe, and Asia Pacific are witnessing significant growth in extended stay accommodations, with a focus on urban centers and popular tourist destinations. Overall, the Global Extended Stay Hotel Market is poised for continued expansion as the hospitality industry evolves to meet the changing preferences of modern travelers.
The Global Extended Stay Hotel Market is experiencing steady growth due to the increasing demand for long-term accommodations from business travelers, tourists, and expatriates. One key trend is the rise of upscale extended stay hotels offering amenities such as fully-equipped kitchens, workspaces, and communal areas to cater to the needs of guests staying for extended periods. Another opportunity lies in the integration of technology to enhance the guest experience, such as mobile check-in/check-out, keyless entry systems, and personalized services. The growing popularity of remote work and digital nomadism further fuels the demand for extended stay accommodations. As the travel industry continues to recover from the pandemic, there is potential for expansion into new markets and the development of innovative concepts to attract a diverse range of guests seeking longer stays.
The Global Extended Stay Hotel Market faces several challenges, including increasing competition from alternative accommodation options like vacation rentals and Airbnb. Additionally, the industry is impacted by economic uncertainties, fluctuating travel trends, and geopolitical issues affecting international travel. Maintaining a consistent level of occupancy and balancing pricing strategies to attract long-term guests while remaining competitive with traditional hotels can be challenging. Ensuring high-quality service and amenities to meet the evolving needs of extended stay guests is also crucial in a competitive market. Furthermore, the ongoing COVID-19 pandemic has significantly disrupted the travel industry, leading to reduced demand for extended stay accommodations and creating operational challenges for hoteliers in terms of health and safety protocols and financial sustainability.
The Global Extended Stay Hotel Market is being driven by several key factors. Firstly, the growing trend of long-term business travel and relocation is increasing the demand for accommodation options that offer comfort and convenience for extended stays. Additionally, the rise of remote work and digital nomadism is fueling the need for flexible and affordable accommodations with amenities like workspace and high-speed internet. The increasing popularity of extended stay hotels among leisure travelers looking for a home-like experience while on vacation is also contributing to market growth. Moreover, the expansion of international travel and tourism is creating opportunities for extended stay hotel chains to establish a global presence and cater to diverse customer needs. Overall, the market is driven by evolving consumer preferences, changing work dynamics, and the continuous expansion of the travel industry.
Government policies related to the Global Extended Stay Hotel Market vary by country, but generally focus on issues such as building codes, zoning regulations, tax incentives, and labor laws. In some countries, governments may offer tax breaks or other incentives to encourage the development of extended stay hotels as a way to boost tourism and support economic growth. Additionally, regulations regarding safety and accessibility standards, as well as licensing requirements, play a crucial role in shaping the landscape of the extended stay hotel market. Government policies can impact the profitability and feasibility of operating extended stay hotels, so it is important for market players to stay informed and compliant with the relevant laws and regulations in each jurisdiction.
The Global Extended Stay Hotel Market is expected to witness significant growth in the coming years, driven by the increasing demand for long-term accommodation options among travelers and the rise of remote work. The trend towards flexible work arrangements and the growing popularity of digital nomadism are expected to further boost the demand for extended stay hotels. Additionally, the preference for larger living spaces, fully-equipped kitchens, and amenities such as co-working spaces and fitness facilities are expected to drive the market growth. As the hospitality industry continues to adapt to changing consumer preferences and lifestyles, the Global Extended Stay Hotel Market is poised for expansion, with opportunities for innovation and differentiation among hotel operators to cater to the evolving needs of long-term guests.
In the Global Extended Stay Hotel Market, Asia is experiencing significant growth due to the rise in business travel and increased demand for long-term accommodation options. North America remains a key player in the market, with a strong presence of established extended stay hotel brands catering to both business and leisure travelers. Europe is witnessing a growing trend towards extended stay accommodations, particularly in major cities and business hubs. The Middle East and Africa region is seeing a rise in extended stay hotel developments to cater to the increasing number of expatriates and business travelers. Latin America is also showing potential for growth in the extended stay hotel market, driven by a growing economy and rising tourism numbers. Overall, the global extended stay hotel market is poised for continued expansion across these regions.
Global Extended Stay Hotel Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Extended Stay Hotel Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Extended Stay Hotel Market Revenues & Volume, 2021 & 2031F |
3.3 Global Extended Stay Hotel Market - Industry Life Cycle |
3.4 Global Extended Stay Hotel Market - Porter's Five Forces |
3.5 Global Extended Stay Hotel Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Extended Stay Hotel Market Revenues & Volume Share, By Service Type, 2021 & 2031F |
3.7 Global Extended Stay Hotel Market Revenues & Volume Share, By Room Type, 2021 & 2031F |
3.8 Global Extended Stay Hotel Market Revenues & Volume Share, By Target Audience, 2021 & 2031F |
3.9 Global Extended Stay Hotel Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Global Extended Stay Hotel Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Extended Stay Hotel Market Trends |
6 Global Extended Stay Hotel Market, 2021 - 2031 |
6.1 Global Extended Stay Hotel Market, Revenues & Volume, By Service Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Extended Stay Hotel Market, Revenues & Volume, By Budget Extended Stay Hotels, 2021 - 2031 |
6.1.3 Global Extended Stay Hotel Market, Revenues & Volume, By Luxury Extended Stay Hotels, 2021 - 2031 |
6.1.4 Global Extended Stay Hotel Market, Revenues & Volume, By Mid-Range Extended Stay Hotels, 2021 - 2031 |
6.1.5 Global Extended Stay Hotel Market, Revenues & Volume, By Extended Stay Resorts, 2021 - 2031 |
6.2 Global Extended Stay Hotel Market, Revenues & Volume, By Room Type, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Extended Stay Hotel Market, Revenues & Volume, By Studio Apartments, 2021 - 2031 |
6.2.3 Global Extended Stay Hotel Market, Revenues & Volume, By Suites, 2021 - 2031 |
6.2.4 Global Extended Stay Hotel Market, Revenues & Volume, By One-Bedroom Apartments, 2021 - 2031 |
6.2.5 Global Extended Stay Hotel Market, Revenues & Volume, By Villa-style Accommodations, 2021 - 2031 |
6.3 Global Extended Stay Hotel Market, Revenues & Volume, By Target Audience, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Extended Stay Hotel Market, Revenues & Volume, By Business Travelers, 2021 - 2031 |
6.3.3 Global Extended Stay Hotel Market, Revenues & Volume, By Extended Family Stays, 2021 - 2031 |
6.3.4 Global Extended Stay Hotel Market, Revenues & Volume, By Long-Term Visitors, 2021 - 2031 |
6.3.5 Global Extended Stay Hotel Market, Revenues & Volume, By Vacationers and Tourists, 2021 - 2031 |
6.4 Global Extended Stay Hotel Market, Revenues & Volume, By Application, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Extended Stay Hotel Market, Revenues & Volume, By Corporate Travel, 2021 - 2031 |
6.4.3 Global Extended Stay Hotel Market, Revenues & Volume, By Leisure Travelers, 2021 - 2031 |
6.4.4 Global Extended Stay Hotel Market, Revenues & Volume, By Relocation and Temporary Housing, 2021 - 2031 |
6.4.5 Global Extended Stay Hotel Market, Revenues & Volume, By Tourism and Extended Travel, 2021 - 2031 |
7 North America Extended Stay Hotel Market, Overview & Analysis |
7.1 North America Extended Stay Hotel Market Revenues & Volume, 2021 - 2031 |
7.2 North America Extended Stay Hotel Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Extended Stay Hotel Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Extended Stay Hotel Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Extended Stay Hotel Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Extended Stay Hotel Market, Revenues & Volume, By Service Type, 2021 - 2031 |
7.4 North America Extended Stay Hotel Market, Revenues & Volume, By Room Type, 2021 - 2031 |
7.5 North America Extended Stay Hotel Market, Revenues & Volume, By Target Audience, 2021 - 2031 |
7.6 North America Extended Stay Hotel Market, Revenues & Volume, By Application, 2021 - 2031 |
8 Latin America (LATAM) Extended Stay Hotel Market, Overview & Analysis |
8.1 Latin America (LATAM) Extended Stay Hotel Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Extended Stay Hotel Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Extended Stay Hotel Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Extended Stay Hotel Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Extended Stay Hotel Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Extended Stay Hotel Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Extended Stay Hotel Market, Revenues & Volume, By Service Type, 2021 - 2031 |
8.4 Latin America (LATAM) Extended Stay Hotel Market, Revenues & Volume, By Room Type, 2021 - 2031 |
8.5 Latin America (LATAM) Extended Stay Hotel Market, Revenues & Volume, By Target Audience, 2021 - 2031 |
8.6 Latin America (LATAM) Extended Stay Hotel Market, Revenues & Volume, By Application, 2021 - 2031 |
9 Asia Extended Stay Hotel Market, Overview & Analysis |
9.1 Asia Extended Stay Hotel Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Extended Stay Hotel Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Extended Stay Hotel Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Extended Stay Hotel Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Extended Stay Hotel Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Extended Stay Hotel Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Extended Stay Hotel Market, Revenues & Volume, By Service Type, 2021 - 2031 |
9.4 Asia Extended Stay Hotel Market, Revenues & Volume, By Room Type, 2021 - 2031 |
9.5 Asia Extended Stay Hotel Market, Revenues & Volume, By Target Audience, 2021 - 2031 |
9.6 Asia Extended Stay Hotel Market, Revenues & Volume, By Application, 2021 - 2031 |
10 Africa Extended Stay Hotel Market, Overview & Analysis |
10.1 Africa Extended Stay Hotel Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Extended Stay Hotel Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Extended Stay Hotel Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Extended Stay Hotel Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Extended Stay Hotel Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Extended Stay Hotel Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Extended Stay Hotel Market, Revenues & Volume, By Service Type, 2021 - 2031 |
10.4 Africa Extended Stay Hotel Market, Revenues & Volume, By Room Type, 2021 - 2031 |
10.5 Africa Extended Stay Hotel Market, Revenues & Volume, By Target Audience, 2021 - 2031 |
10.6 Africa Extended Stay Hotel Market, Revenues & Volume, By Application, 2021 - 2031 |
11 Europe Extended Stay Hotel Market, Overview & Analysis |
11.1 Europe Extended Stay Hotel Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Extended Stay Hotel Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Extended Stay Hotel Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Extended Stay Hotel Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Extended Stay Hotel Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Extended Stay Hotel Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Extended Stay Hotel Market, Revenues & Volume, By Service Type, 2021 - 2031 |
11.4 Europe Extended Stay Hotel Market, Revenues & Volume, By Room Type, 2021 - 2031 |
11.5 Europe Extended Stay Hotel Market, Revenues & Volume, By Target Audience, 2021 - 2031 |
11.6 Europe Extended Stay Hotel Market, Revenues & Volume, By Application, 2021 - 2031 |
12 Middle East Extended Stay Hotel Market, Overview & Analysis |
12.1 Middle East Extended Stay Hotel Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Extended Stay Hotel Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Extended Stay Hotel Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Extended Stay Hotel Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Extended Stay Hotel Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Extended Stay Hotel Market, Revenues & Volume, By Service Type, 2021 - 2031 |
12.4 Middle East Extended Stay Hotel Market, Revenues & Volume, By Room Type, 2021 - 2031 |
12.5 Middle East Extended Stay Hotel Market, Revenues & Volume, By Target Audience, 2021 - 2031 |
12.6 Middle East Extended Stay Hotel Market, Revenues & Volume, By Application, 2021 - 2031 |
13 Global Extended Stay Hotel Market Key Performance Indicators |
14 Global Extended Stay Hotel Market - Export/Import By Countries Assessment |
15 Global Extended Stay Hotel Market - Opportunity Assessment |
15.1 Global Extended Stay Hotel Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Extended Stay Hotel Market Opportunity Assessment, By Service Type, 2021 & 2031F |
15.3 Global Extended Stay Hotel Market Opportunity Assessment, By Room Type, 2021 & 2031F |
15.4 Global Extended Stay Hotel Market Opportunity Assessment, By Target Audience, 2021 & 2031F |
15.5 Global Extended Stay Hotel Market Opportunity Assessment, By Application, 2021 & 2031F |
16 Global Extended Stay Hotel Market - Competitive Landscape |
16.1 Global Extended Stay Hotel Market Revenue Share, By Companies, 2024 |
16.2 Global Extended Stay Hotel Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |