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Report: U.S. extended-stay hotel revenue up $1.1 billion in 2023 - 0 views

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    U.S. EXTENDED-STAY HOTEL room revenues increased by $1.1 billion in 2023, similar to 2018 and 2019, though with a lower relative gain due to a larger room base, according to The Highland Group. All three extended-stay segments reported record-high room revenues in 2023, with the upscale segment leading despite previously lagging behind the pandemic recovery. The 6.1 percent increase in extended-stay hotel revenues outpaced the corresponding 5.5 percent gain reported by STR/CoStar for the overall hotel industry, the report said. However, extended-stay hotel supply experienced its smallest annual increase on record in 2023, at just 1.8 percent. Factors such as re-branding, de-flagging of non-compliant hotels, and sales to other sectors influenced supply fluctuations, a trend expected to persist into the first half of 2024, particularly with older extended-stay hotels remaining on the market. The report also highlighted a 6.6 percent increase in economy extended-stay supply, alongside modest gains in mid-price and upscale segments, primarily driven by conversions. New construction in the economy segment is estimated at around 3 percent of rooms open compared to one year ago.
guesthouse123

Sail into your new home: A Homestay - Eden Homestay - 0 views

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    "A home where you treat your friends like family and your family like friends" A homestay is similar in concept to that of a bed and breakfast. Guests stay here just like they live in their homes. Nowadays, most of the homestays provide their guests with just as much comfort as any decent hotel. Homestays are considered to be more spacious because you get access not just the room but common areas of the house as well. Interestingly, there are no hidden costs which makes it a more cost-effective option. We get a plethora of options if you can put a hand on cooking as there is direct access to the kitchen or kitchenette. This is like a heaven for travelers who only eat home-made food. Listings, especially on Eden Homestay, are relatively economical than majority of hotels when compared head to head inclusive of their business and tourism appeal. Experienced voyagers may likewise prefer homestays during their scheduled trip. Length of stay changes from one night to a month or can be extended for even a longer period. Hosts are open to welcoming and give an agreeable, present-day home understanding. Eden Homestay Our platform offers a wide range of stay options enabled with essential facilities and amenities to meet the industry standards for travelers looking for local culture and lifestyle, home-prepared nourishment, experience an alternate accommodation which they can experience with bliss. Recommended homestays on our platform will have the "Featured" badge that will have the highest level of eligibility criteria to match even the international guests' expectations. Apart from being traveler-friendly accommodation where guests visit another person's house it also can be referred to as family-friendly accommodation. Our hosts treat their guests as an ultimate priority because "Guest is like a god to us" in our India where there is much happiness for travel and tourism. Homestays like ours are extraordinary for solo female explorers as you'll
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