By the numbers

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.

Virtual Event

HOTEL OPTIMIZATION PART 2 | SEPTEMBER 10 & 24, 2020

Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.


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

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