Extended Stay Hotel Market Report 2026

The extended stay hotel market size has grown strongly in recent years. It will grow from $61.08 billion in 2025 to $65.71 billion in 2026 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to growth in business travel, expansion of urban employment hubs, demand for cost effective long stays, rise in relocation assignments, availability of serviced apartments.

The extended stay hotel market size is expected to see strong growth in the next few years. It will grow to $88.92 billion in 2030 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to increase in remote work assignments, long term corporate travel needs, growth in infrastructure projects, demand for flexible lodging, expansion of extended stay hotel chains. Major trends in the forecast period include rising demand for long duration accommodation, growing preference for fully furnished suites, increased adoption of flexible pricing models, expansion of corporate and project based stays, focus on home like guest experiences.

The expansion of the tourism sector is expected to drive the growth of the extended-stay hotel market in the coming years. Tourism is a cultural, social, and economic activity that involves people traveling to destinations outside their usual environment for leisure, business, or professional purposes. Extended-stay hotels cater to travelers, business professionals, and other long-term guests by offering home-like comfort through amenities and services such as housekeeping and cooking facilities, enabling guests to remain comfortable and productive while staying in a new city or location. For example, in May 2024, according to the Office for National Statistics, a UK-based executive office of the UK Statistics Authority, international visits to the UK increased from 31.2 million in 2022 to 38 million in 2023. Therefore, the growing tourism sector is fueling the growth of the extended-stay hotel market.

Major companies operating in the extended-stay hotel market are emphasizing the development of innovative offerings, such as dedicated extended-stay suite brands. Extended-stay suite brands are hotel brands designed specifically to accommodate longer-term guests, typically featuring fully equipped kitchens, separate living areas, and more spacious layouts than standard hotel rooms. For instance, in June 2023, Marriott International, Inc., a US-based hospitality company, announced the launch of Project MidX Studios, a midscale extended-stay brand aimed at delivering modern comfort at an affordable price point. The brand is intended to provide reasonably priced extended-stay accommodations for guests in the United States and Canada.

In July 2023, Noble Investment Group, a US-based real estate investment manager, acquired a portfolio of 10 extended-stay hotel properties from WoodSpring Suites for an undisclosed amount. This acquisition forms part of Noble Investment Group’s strategy to strengthen its presence in the extended-stay segment, which has demonstrated resilience, particularly during the pandemic period. WoodSpring Suites is a US-based extended-stay hotel brand.

Major companies operating in the extended stay hotel market are Marriott International Inc., Hilton Worldwide Holdings Inc., Hyatt Hotels Corporation, Accor Group, G6 Hospitality LLC, InterContinental Hotels Group PLC, Wyndham Hotels And Resorts Inc., Choice Hotels International Inc., Extended Stay America Inc., The Ascott Limited, Sonder Holdings Inc., InTown Suites, Larkspur Landing, National Corporate Housing Inc., Kasa Living Inc., Domio Inc., Ginosi Corporation, Synergy Global Housing LLC, My Place Hotels Of America LLC, Mint House Inc., Blueground, The Locale LLC, Corporate Worldwide Stay LLP, Le Square Phillips, Les Suites Hotel, WaterWalk Hotel Apartments, Zeus Living Inc., Crestwood Suites Hotel.

North America was the largest region in the extended stay hotel market in 2025. The regions covered in the extended stay hotel market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the extended stay hotel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The extended-stay hotel includes revenues earned by entities through food services, housekeeping services, pet-friendly accommodations and cleaning services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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