REVPAR
Extended stay RevPAR up
Extended-stay hotel RevPAR exceeded its 2007 nominal high in 70 percent of the 100 largest hotel markets in the U.S. in 2013.
DECLINES
2013 compared to 2012
Declines in RevPAR in 2013 compared to 2012 were reported in 20 percent of the country’s largest markets.
EXTENDED STAY
Construction ramps up
The construction of extended-stay hotel rooms approached 17,000 units, the highest since 2009.
SUPPLY
Room supply on the rise
Supply of rooms should increase 4 percent in 2014, but in more than half of the 100 largest markets, no new rooms are being built.
Source: The Highland Group
