Extended-stay hotel’s 17.2% fall in second quarter Revpar was the largest ever reported. However, for the third consecutive quarter the segment has shown smaller declines in most measures of operating performance compared to the overall hotel industry.
Supply growth of more than 7% was the biggest factor in the fall in Revpar but a 38% decline in new room construction should aid a future recovery.
The US Extended-Stay Lodging Report: Mid-Year 2009 is the most current report available on the extended-stay lodging industry. The retail price of the report is $250. Complimentary copies are available to the press. The Highland Group is a hospitality consulting and research firm best known for its extensive research and publications on extended-stay lodging. For more information, please call Mark Skinner at (404) 872 4631.
Mark A. Skinner, ISHC
and Conni M. Atkinson
The Highland Group Hotel Investment Advisors, Inc.
1111 Rosedale Drive NE
Atlanta, GA 30306
Fax: (404) 872-4103