[Travel News]: 4 post-pandemic opportunities for extended-stay hotels
TheTourAttraction.com aims to provide the latest global travel and free travel news, travel and visa policies, and flight information. We hope to provide insights into tourism market, technology and development trends with everyone by providing the latest relevant information. Despite the raging COVID-19 epidemic in 2020, we always firmly believe that mankind will overcome the disease and the tourism market will definitely recover. TheTourAttraction.com look forward to your attention and support, and witness the development of the global tourism industry with us. Looking forward to the information TheTourAttraction.com provide can help you. We will continue to follow up and obtain the latest data, and look forward to your attention and support.
The following is the [Travel News]: 4 post-pandemic opportunities for extended-stay hotels from [HotelsMag] recommended by TheTourAttraction.com:
With every crisis comes the opportunity to learn, move forward and thrive.
Last year, extended-stay hotels reported some of the highest occupancies, according to research from STR. That’s no small feat during a global pandemic, when the industry saw many hotels closing their doors for months. According to the hotel data company, the segment also maintained its occupancy premium over other types of hotels, even as the industry’s overall occupancy dipped in January 2021 amid a second COVID-19 wave. During that time, extended-stay hotels averaged occupancy 20 points higher than non-extended-stay hotels.
While the pandemic set forth many new challenges for extended-stay hoteliers, it also presented several opportunities for lessons learned. Following are four things that changed for the segment, the lessons Extended Stay America learned as the leader in this segment, and how extended-stay hoteliers can use these insights to continue to future-proof their commercial approach.