New Jersey, United States, Feb 12, 2023 /DigitalJournal/ The extended-stay hotel market has grown in recent years, driven by increasing demand for extended-stay options among travelers. Extended-stay hotels, also known as long-term accommodation or serviced apartments, offer a home-from-home atmosphere with longer-term stays and more amenities than traditional hotels. They are designed for travelers who need to stay in one place for an extended period of time, typically a week or more.
The global extended stay hotel market was valued at around USD 30 billion in 2020 and is projected to grow at a compound annual growth rate (CAGR) of 19% from 2021 to 2028. This growth is due to increasing demand for extended-stay options among travelers, as well as a growing recognition of the benefits of extended-stay hotels, such as more spacious accommodations, more flexible check-in and check-out times, and more affordable extended-stay options.
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The Extended Stay Hotels Market research report provides all the information related to the industry. It gives the markets outlook by giving authentic data to its client which helps to make essential decisions. It gives an overview of the market which includes its definition, applications and developments, and manufacturing technology. This Extended Stay Hotels market research report tracks all the recent developments and innovations in the market.
Some of the Top companies Influencing this Market include: Hyatt Hotel, Homeinns Co., Ltd, Jinjiang Inn, Ibis, 7 Days Inn, Marriott International, Hilton Worldwide, Choice Hotels International, Orange Hotel
Firstly, this Extended Stay Hotels research report introduces the market by providing an overview that includes definitions, applications, product launches, developments, challenges, and regions. The market is forecasted to reveal strong development by driven consumption in various markets. An analysis of the current market designs and other basic characteristics is provided in the Extended Stay Hotels report.
The report also implements primary and secondary research techniques for gathering the most crucial pieces of professional information and applies a number of industry-best techniques upon the data for projecting the future state of the global Extended Stay Hotels market. Based on current market development, the report includes an analysis of how activities such as mergers shape the market's future.
This report studies the global market, analyses and researches the Keyword} development status and forecast in North America, Asia Pacific, Europe, the Middle East & Africa, and Latin America
Segmentation Analysis of the market
The market is segmented based on the type, product, end users, raw materials, etc. the segmentation helps to deliver a precise explanation of the market
Market Segmentation: By Type
Less than 7 Dayes, 7- 14 Days, More than 14 Days
Market Segmentation: By Application
Travelers, Business Customers, Trainers & Trainees, Government & Army Staff
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An assessment of the market attractiveness of the competition that new players and products are likely to present to older ones has been provided in the publication. The research report also mentions the innovations, new developments, marketing strategies, branding techniques, and products of the key participants in the global Extended Stay Hotels market. To present a clear vision of the market the competitive landscape has been thoroughly analyzed utilizing the value chain analysis. The opportunities and threats present in the future for the key market players have also been emphasized in the publication.
This report aims to provide:
- A qualitative and quantitative analysis of the current trends, dynamics, and estimations from 2022 to 2029.
- The analysis tools such as SWOT analysis and Porter's five force analysis are utilized, which explain the potency of the buyers and suppliers to make profit-oriented decisions and strengthen their business.
- The in-depth market segmentation analysis helps identify the prevailing market opportunities.
- In the end, this Extended Stay Hotels report helps to save you time and money by delivering unbiased information under one roof.
Table of Contents
Global Extended Stay Hotels Market Research Report 2022 - 2029
Chapter 1 Extended Stay Hotels Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Extended Stay Hotels Market Forecast
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