Monthly Archives: August 2014

Extended-Stay Hotels Set New Records

The Highland Group has just issued the second quarter 2014 report on the US extended-stay lodging industry. Extended-stay hotel highlights from the report are:
 Second quarter and mid-year average occupancy at highest level in 12 years
 Second quarter and mid-year demand growth rate the fastest for three years
 Mid-year room revenue growth rate the fastest for at least six years
 Second quarter RevPar growth rate the fastest for eight years
 Rooms “under construction” up 42.3% over the past year

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