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Serviced Apartment News November 15, 2021Record breaking Q3 for US extended stay market. “It is highly likely that extended stay hotels will continue to set new performance records during the near term,” said Mark Skinner, partner at The Highland Group.

Lodging Magazine September 21, 2021Extended Stay Remains Resilient Amid Continued Uncertainty. “According to a new report from the Highland Group, the [extended-stay] segment recorded 10.5 percent more revenue in July of 2021 than the same period in 2019.”

Hotel Management September 20, 2021Extended-stay leverages strengths for continued staying power. “According to a report from the Highland Group, overall extended-stay hotel demand rose 8.6 percent in Q1 of 2021, while overall U.S. hotel demand decreased 11.9 percent,” [said Mark Skinner]

Hotel News Now September 2, 20215 things to know for September 2: Extended-Stay Segment Outperformance Continues. “Economy, mid-price and upscale extended-stay hotels all posted higher revenues in July 2021 compared to two years ago,” [said Mark Skinner]

Hotel News Now August 17, 20215 things to know for August 17: Demand for Extended-Stay Hotels Hit Record High. “Record high demand, rapidly increasing [average daily rate] and a large decline in the supply pipeline indicate continued acceleration of the extended-stay hotel recovery in the near term,” said Mark Skinner, partner at the Highland Group.

Business Travel News August 16, 2021Report: Q2 U.S. Extended-Stay Demand at Record High. “The economy [extended-stay] segment posted record-high quarterly levels for each of the three key performance indicators.”[said Mark Skinner]

Serviced Apartment News August 11, 2021US extended stay sector continues strong recovery. “For all extended stay [hotels], the recovery index for occupancy is 99.3 per cent, for ADR is 91.1 per cent, for RevPar is 90.5 per cent, and for revenue is 101.8 per cent.” [said Mark Skinner]

Biznow News Now July 22, 2021Boutique Properties Stand To Bounce Back Best Of All In Hotel Sector. “Many boutiques also showed [revenue per available room] improvements in the latter part of the year as they began pulling back on rate discounts, placing them in a better position to recapture rate in the recovery years.”[said Kim Bardoul].

Hotel News Now July 12, 2021Independent-Focused Hotel Managers Add More Soft Brands as Segment Grows. “Whenever these types of properties get together under a management umbrella, it provides them with a larger platform for customized marketing, reservation tools and that identity that makes you different and unique from the traditional product,” [Kim Bardoul] said.

Hotel News Now July 9, 2021Economy Extended-Stay Hotels Recover Faster Than Higher Tiers Within Segment. “This time around, extended-stay hotels did not discount rate as deeply as the rest of the hotel industry, making it easier to build back rate, Skinner said. Economy extended-stay hotels have been seeing monthly rate increases since December 2020.”

Hotel News Now June 29, 20215 things to know for June 29: Extended-Stay Hotels’ Recovering Faster Than Past Downturns. “A new report from The Highland Group shows that in April 2021, extended-stay hotels’ revenue per available room reached 90% of its nominal value in April 2019.” [said Mark Skinner]

Business Travel News June 28, 2021Report: U.S. Extended-Stay Occupancy Nearly Reaches ’19 Level. “Occupancy at U.S. extended-stay hotels in April returned almost entirely to April 2019 levels, recovering from the effects of the Covid-19 pandemic, according to a new report from The Highland Group.”

Hotel News Now June 3, 2021Extended-Stay Hoteliers Pay to Strengths, Step Up Growth. “U.S. extended-stay hotel room supply grew 3.9% in 2020, even as overall hotel supply decreased about 3.6%,” said moderator Mark Skinner, partner at The Highland Group.

Hotel News Now June 3, 20215 things to know for June 3: Mid-Price, Upscale Hotels ‘Powered’ Extended-Stay Segment. “According to The Highland Group’s latest data, mid-price and upscale extended-stay hotels “powered extended-stay hotel occupancy to 75.5% in April 2021,” [said Mark Skinner.]

Hotel News Now May 28, 2021A Look at Boutique, Soft-Brand Hotel Supply and Performance. “Compared to branded hotels in the industry, independent boutique hotels and soft brands fared somewhat better throughout the COVID-19 pandemic,” according to The Highland Group’s Boutique Hotel Report 2021.

Asian Hospitality May 9, 2021Report: Boutique Hotels Recovering Quickly From Pandemic. “Many boutiques also showed RevPar improvements in the latter part of the year, as they began pulling back on rate discounts placing them in a better position to recapture rate in the recovery years. This yield management strategy, most widely seen in the upper upscale/luxury class of independent boutique and soft brand collections, positions these boutique hotels in a stronger position to recapture rate in the recovery years,” said Kim Bardoul, partner at The Highland Group.

Hotel News Now March 16, 2021Extended Stay America Acquisition Is a Sign of ‘Bottom-Up’ Recovery.  In the past, some have thought the economy extended-stay segment to be more risky than, for example, limited-service hotels, Skinner said, adding that “the truth of the matter is, it is not.”

Hotel News Now January 25, 2021Resilient Extended-Stay Segment Poised for More Growth. Mark Skinner, partner at The Highland Group, said it’s no secret that extended-stay hotels have been “the best performing segment in the hotel industry right now.” He anticipates more brands will look to convert traditional hotel rooms into an extended-stay offering or launch extended-stay conversion brands.

Serviced Apartment News November 30, 2020Serviced apartment and extended stay industry trends for 2021. “Across all metrics extended stay hotels continue to perform better than the overall hotel industry six months following the start of the pandemic,” said Mark Skinner, partner at The Highland Group.

Serviced Apartment News November 12, 2020US extended stay continues to outperform wider hotel sector. “Occupancy is now higher than during the low points in 2009 and is rapidly approaching parity with quarterly occupancy during the last recession,” [said Mark Skinner, partner at The Highland Group.]

Serviced Apartment News November 6, 2020Biden presidency could benefit extended stay and wider travel markets. “While many large scale infrastructure projects are not shovel ready and, therefore, their expected boost to travel will take time, once they start they can provide significant extended stay lodging demand for several years, [Mark Skinner] added.”

Business Travel News October 26, 2020Extended Stay Proves Resilient Amid the Pandemic. “For the month of August, the average occupancy level for upscale extended stay properties in the U.S. was 50.8 percent; for midscale extended stay, it was 63.1 percent, according to The Highland Group.”

Serviced Apartment News October 6, 2020US economy extended stay demand grows for second month. “Economy extended-stay hotels have consistently reported declining RevPar losses over the last five months. The 4.3 per cent fall in August 2020 was less than 10% of the decline in overall hotel RevPar” said Mark Skinner, partner at The Highland Group.

Hotel Community Forum October 1, 2020Taking An ‘Extended’ Look. “Historic data on both the extended-stay and overall hotel market is essential to consider. The trend lines for both are closely correlated. We are in a very unusual period now statistically, but gradually extended-stay hotel and overall hotel performance will become closer,” [Mark Skinner] said.

Hotel Management Magazine September 2020Extended-stay continues to outperform wider hotel industry. “Extended-stay hotels are widening their occupancy premium despite smaller reductions in ADR compared to the overall hotel industry,” said Mark Skinner, partner at The Highland Group.

Headline News Now Apartment News September 1, 20205 things to know: 1 September 2020. “Economy extended-stay hotel demand in July grew 1.2% compared to 2019, “the first such gain in demand reported by any segment of the hotel industry in the last six months,” [said Mark Skinner.]

Hotel Business August 20, 2020The Highland Group: Extended-Stay Hotel Occupancy Premium at Record Level. “Extended-stay hotels are widening their occupancy premium despite smaller reductions in ADR compared to the overall hotel industry,” said Mark Skinner, partner at The Highland Group.

Asian Hospitality August 19, 2020Report: Extended-Stay Hotels On Top In First Half Of 2020. [Mark Skinner] said “Economy and mid-price extended-stay demand in June was almost back up to March levels.”

Asian Hospitality July 10, 2020Short-Term Rentals Outpacing Hotels During Pandemic. [Mark Skinner] says “This is partly because staying in the units, which are mainly one and two‐bedroom apartments, requires minimal physical contact with guest service personnel and other guests compared to a hotel.”

Short Term Rentalz July 9, 2020The Highland Group and AllTheRooms partner for US rental report. [Mark] Skinner added: “Airbnb’s recommendation that its landlords pivot to longer-term guests was a good one given the relatively strong performance of short-term rentals and extended-stay hotels.”

Headline News Now Apartment News July 8, 20205 things to know: 8 July 2020. “Focusing on longer-term guests and minimal physical contact with renters are key factors resulting in relatively strong performance for the short-term rental sector,” said Mark Skinner, partner at The Highland Group.

Serviced Apartment News June 3, 2020US economy extended stay RevPAR is double that of luxury sector in April. “The latest figures from The Highland Group show that the economy extended stay hotels reported average RevPAR of $29.78 in April, around double that of the luxury sector.”

Hotel News Now June 2, 20205 things to know: 2 June 2020. “Extended-stay hotels, especially the economy segment, should continue to demonstrate RevPAR loss resilience during the foreseeable future,” Mark Skinner, partner at The Highland Group, said in an email.

Asian Hospitality May 14, 2020Extended-Stay Hotels End First Quarter Better Than Most. “The re-opening of mid-price and upscale extended-stay hotels will increase competition within the sector but should limit falls in overall extended-stay hotel ADR and help keep RevPar declines lower than the overall hotel industry,” said Mark Skinner, a partner at the Highland Group.

Business Insider April 28, 2020Airbnb says it’s going to focus on longer-term stays, but analysts worry its short-term rental roots will make it hard to grad a piece of the $18 billion market. “Regardless, the longer-term stay market is not only sizeable, it’s one that no company has yet dominated. And because the types of properties listed on Airbnb — apartments, houses, rooms inside homes — are well-suited for longer-term stays, the company could become a significant player in the space,” [Mark] Skinner said.

BISNOW April 21, 2020Blackstone, Starwood Bet On The Long-Term Stay Segment’s Resilience “There is a significant residential guest component in economy extended stay hotels,” Mark Skinner, a partner at hotel consultancy Highland Group.

Hotel News Now April 21, 2020Extended-stay hotels poised to weather drop in travel “The segment that will be affected by the coronavirus (COVID-19) pandemic the least will be the extended-stay product, particularly those in the economy chain-scale segment,” said Mark Skinner, partner at The Highland Group.

Hotel Business April 8, 2020The Highland Group: Economy Extended-Stay Shows Resilience “Economy extended-stay hotels have demonstrated resilience against previous crises. Early data indicates the segment is suffering far less RevPAR decline than the overall hotel industry amidst COVID-19,” said Mark Skinner, partner at The Highland Group.

Skift April 7, 2020Economy Extended Stay Is the Strongest of the Weak “I think the economy extended stay segment in particular will suffer less of a RevPAR decline relative to the rest of the hotel industry for the duration of this crisis,” [Mark] Skinner said.

Hotel News Now March 25, 2020A roundup of independent hotel news “Lifestyle hotels and soft-brand collections, specifically, have been two of the hotel industry’s fastest-growing segments over the past seven years, increasing rooms by 14% and 21% respectively,” Kim Bardoul, partner at The Highland Group, said in the report.

Hotel Business March 9, 2020Extended-Stay RevPAR Rises in Most Markets, But Declines Increase “Supply growth and the effect from the coronavirus will have the largest impacts on extended-stay hotel RevPAR in 2020,” Mark Skinner, partner at The Highland Group, said in a statement. “The list of MSAs with lower extended-stay hotel RevPAR in 2020 compared to 2019 is expected to be longer than those reporting it last year.”

Asian Hospitality March 9, 2020Report: Independent Boutiques Maintaining Growth “Major franchise companies recognize the strong performance of this lodging type and continue to debut new lifestyle hotel and soft brand collections at differing price points.” said Kim Bardoul, partner at The Highland Group.

Hotel Management March 9, 2020Highland Group: Extended-stay market up but decelerating “Supply growth and the effect from the coronavirus will have the largest impacts on extended-stay hotel RevPAR in 2020,” Mark Skinner, partner at The Highland Group, said in a statement. “The list of MSAs with lower extended-stay hotel RevPAR in 2020 compared to 2019 is expected to be longer than those reporting it last year.”

Hotel Business March 5, 2020Report: Boutique Hotels Outperform Traditional Hotel Supply “Lifestyle hotels and soft brand collections, specifically, have been two of the hotel industry’s fastest-growing segments over the past seven years, increasing rooms by 14% and 21%, respectively”, reported Kim Bardoul, partner at The Highland Group. “Major franchise companies recognize the strong performance of this lodging type and continue to debut new lifestyle hotel and soft brand collections at differing price points.”

Hotel Business March 3, 2020Despite Supply Growth, Extended-Stay Occupancy Remains High “Fundamentally, the extended-stay segment is very well placed to handle the expected slowdown in RevPAR growth and the potential impacts of the coronavirus,” said Mark Skinner, partner at The Highland Group.”

Hotel Management January 28, 2020 Choice adds extended-stay brand “The demand for hotel stays of seven-plus nights is nearly 20 percent of all room nights sold, yet only 9 percent is in the extended-stay segment,” according to data from The Highland Group and Kalibri Labs.

Benzinga January 27, 2020Choice Hotels Introduces Everhome Suites To Help Developers Build A Strong Portfolio And Empower Guests’ Success On The Road. “The demand for hotel stays of seven-plus nights is nearly 20% of all room nights sold, yet only 9% of the supply is in the extended-stay segment,” according to data from The Highland Group and Kalibri Labs.

Serviced Apartment News January 2020US extended stay: still strong with opportunities aplenty. US extended stay sector in “great shape”. “Despite slowing overall hotel demand growth, extended-stay hotel demand accelerated over the last five quarters.” said Highland Group partner Mark Skinner.

Serviced Apartment News November 19, 2019US extended stay sector in “great shape”. “The extended-stay hotel segment is in great shape to perform well during the cyclical slowdown which is widely forecast over the near term,” said Highland Group partner Mark Skinner.

Asian Hospitality November 5, 2019Report: Extended-Stay Bookings Still High, But Traditional Hotels Are Seeing Most Of Them. “Non-extended-stay hotels accommodated 71.15 million room nights from guests staying seven nights or longer in the year ending June 2019, whereas the corresponding figure for the extended-stay hotels were 50.23 million,” according to The Highland Group.

Hotel Management October 18, 2019Highland Group: Extended-stay market ‘far larger’ than expected. “For the first time we have reliable empirical data on the size of the extended-stay market in hotels and it is far larger than we expected,” stated Mark Skinner, partner at The Highland Group.

Hotel Business October 17, 2019Report: Extended-Stay Demand in Traditional Hotels is 40% More Than in Extended-Stay Hotels. “For the first time, we have reliable empirical data on the size of the extended-stay market in hotels, and it is far larger than we expected,” said Mark Skinner, partner at The Highland Group.

Hotel Management September, 2019Extended-Stay development booms as demand grows.  “As of the first quarter of 2019, supply in the extended-stay segment of the U.S. hotel industry was up 6.1 percent, according to The Highland Group.”

Serviced Apartment News August 15, 2019US extended-stay occupancy reaches Q2 record level. “The [Highland] Group reported extended-stay hotels saw the strongest quarterly demand growth in a year.”

Hotel Business August 15, 2019Report: Extended-Stay Room Construction is Down, Occupancy Rises, “The deceleration in supply growth coupled with the strongest quarterly demand increase in a year moved occupancy to 79.9%, the highest second quarter level ever reported.”

Hotel Management August 13, 2019Highland Group: Q2 extended-stay occupancy reaches record level, “The Highland Group pointed to rising construction costs and lengthening development timelines as two factors slowing supply growth.”

Business Travel News August 12, 2019U.S. Extended-Stay Occupancy Set a Record in Q2, “Only the economy extended-stay segment saw a boost, as rooms under construction jumped 89 percent, from 2,380 to 4,501.”

Hotel Business August 7, 2019Evolving guests, tech define extended-stay, “While RevPAR in Q1 2019 increased by .7%, it was the slowest quarterly gain in the segment in nine years, according to The Highland Group’s Q1 2019 report on the extended stay market.”

Hotel Management July 18, 2019Soft-brand collections: The new norm?, “At the end of 2018, hotel guestroom supply for the total U.S. rose 2 percent, while soft brands increased their room count 31.6 percent, according to the [Highland Group].”

My Place Hotels Blog April 29, 2019My Place Hotels Unveils Key Developments at its 2019 Convention, “My Place’s all new construction product, relatively low per hotel development costs, and strong brand support are key competitive strengths in making My Place one of the fastest growing extended-stay hotel brands in the country,” [Mark] Skinner said.

Hotel News Now April 1, 2019 – Extended-stay hotels fight cost, amenity, bias barriers. “Extended-stay demand growth continued to outpace supply growth by 0.4 percentage points in 2018, which yielded $13.3 billion in room revenue for the year”, according to numbers presented by Mark Skinner, partner at The Highland Group.

Hotel Business March 13, 2019The Highland Group: Extended-Stay Construction Declines, “Despite the decline in supply growth, the timing of the 47,000 extended-stay rooms under construction will still be a major factor in the segment’s performance in 2019,” said Mark Skinner, partner at The Highland Group.

Hotel Business March 13, 2019The Highland Group: Room to Grow for Boutique, “Supply has increased 14% and 21% for lifestyle and soft-brand collections, respectively, through 2018; however, over 50 MSAs are underrepresented with boutique hotel product. There is opportunity to develop in this segment,” said Kim Bardoul, partner at The Highland Group.

USA Today March 8, 2019 Should you ditch your vacation rental for an extended-stay hotel? “Extended-stay hotels are the fastest growing industry segment in the United States,” says Mark Skinner, a partner at Highland Group.

Atlanta Business Chronicle February 8, 2019Boutique hotels a rising market in metro area “A shift toward the boutique hotel product for a different-than-typical experience has increased in popularity,” according to the 2018 Boutique report.

Hotel News Now February 4, 2019Niche luxury extended stay find ways to stand out “As a result of legislation in cities such as New York and San Francisco which restrict Airbnb from renting out properties for less than 30 consecutive nights, those properties “become less competitive with traditional hotels and more competitive with serviced apartments,” [Mark] Skinner said.

San Diego Union Tribune November 15, 2018Would your employer rent you a furnished apartment? “Nationally, the biggest reason for corporate housing in 2017 was work relocation (33 percent),” said The Highland Group.

Asian Hospitality November 2018 – Building Long-Term Profit. “The sector is posting some of the largest gains in supply, demand and room revenue growth that have ever occurred,” said Mark Skinner of The Highland Group.

Hotel Business November 12,2018Extended-Stay Occupancy Stays Near Record High Despite Signs of Cyclical Slowdown. “Despite the deceleration in performance metrics, Q3 average occupancy stayed above 80% for the fifth straight year,” said Mark Skinner at The Highland Group.

Hotel Business August 7,2018Staying power: Ex-stay is hot. “The economic fundamentals are driving demand: employment growth, capital spending, lots of construction, relocation of people,” said Mark Skinner at The Highland Group.

The Wall Street Journal July 16,2018 – Demand Rises for Furnished Rental Apartments. “Last year, [room] revenue in the corporate-housing market—where apartments are typically leased for at least 30 days—rose 13% to $3.62 billion, according to [Mark Skinner of] the Highland Group, a [partner of the] hotel consulting firm that studied the market for the Corporate Housing Providers Association, a trade group.

Atlanta Business Chronicle July 6,2018 – New hotels, venues increase North Fulton convention business.

Atlanta Business Chronicle June 8,2018 – Marriott boutique hotel planned in West Midtown. “The very nature of boutique lodging is like that of the many revived neighborhoods of Atlanta — unique, experiential and interesting,” said boutique hotel expert Kim Bardoul, partner at The Highland Group.

Hotel News Now April 24,2018 – Lower costs and higher margins drive extended stay.“[Mark Skinner]called that acceleration “contrary to what’s typical at this stage of the cycle.”

Business in Vancouver April 18,2018 – Corporate housing market strong. Highland Group’s report identified the entertainment sector as the biggest identifiable source of demand in terms of industry sectors, at 12%.

Hotel Business March 6,2018 – Report: National Extended-Stay RevPar Rises. “The fundamentals for continued demand growth are solid in most markets. However, the list of MSAs with lower extended-stay hotel RevPAR in 2018 compared to 2017 is expected to be a lot longer than the 24 reporting it last year,” said Mark Skinner, partner at The Highland Group.

Asian Hospitality March 6,2018Extended-Stay Revenue Reached All-Time High in 2017. “Extended-stay hotel revenues in 2017 reached an all-time high of $12.4 billion.

Services Apartment News February 2,2018 – The economy sector rises to the top. According to Mark Skinner “There’s a lot of older product out there, which in some cases has become obsolete. Not only is there a good opportunity for new development of new hotels, but also for replacement of existing assets.”

Today’s Hotelier February 1,2018 – The great extended-stay BOOM. “The full-year 2017 was a great time for extended-stay hotels and provided the fundamentals for the industry to absorb a large number of new openings happening in 2018, according to research from The Highland Group.

Skift January 22,2018 – Marriott’s Revamp of Aloft and Element Points to the Future of Select Service Hotels. “The perception with Element was that it cost too much to build. Aloft was initially aimed at urban locations, which is limiting, and has subsequently moved into suburban locations.” Skinner said.

Skift January 16,2018 – Yotel Expands Into Branded Residences With an Extended Stay Element. “It’s easier to manage if they keep branded residences and extended stay separate and also, from a zoning standpoint, you could probably develop that on residential land if you only do branded residences,” Skinner said.

Hotel News Now January 9,2018 – Soft-brand growth hinges on push into more segments.“With demand for experiential and authentic travel experiences continuing to grow, Wyndham, Choice, Marriott and Hilton are all predicting robust growth for their soft-brand offerings in 2018 and beyond. Kim Bardoul, hotel analyst at The Highland Group, said the question is whether the brands with lower price points can recreate the level of success the sector’s higher-end concepts are continuing to enjoy.

Asian Hospitality November 14, 2017 A Good Year for Extended Stay. “The full year 2017 will be very good for extended-stay hotels and provide solid fundamentals to start absorbing the large number of new rooms opening in 2018,” said the report.

Asian Hospitality October 11, 2017 Hurricane clouds have silver lining for some hotels. “Empirical evidence from the post Hurricane Katrina period strongly indicates the recent severe weather will significantly increase extended-stay hotel revenue per available room in markets closest to where Hurricanes Harvey and Irma landed,” [Mark] Skinner said.

Serviced Apartment News October 4, 2017 Interview: Mark Skinner, The Highland Group. Mark Skinner talks to SAN about the US extended stay hotel market performance and prospects.

My Place Newsletter September 20, 2017 My Place Convention Takes Attendees Behind The Scenes and Beyond Borders! “With fewer rooms, My Place can enter markets other brands can’t,” Skinner said.

Atlanta Business Chronicle September 8, 2017 West Elm scouts Atlanta for possible hotel. Atlanta boutique hotel expert Kim Bardoul, partner of The Highland Group, said “boutique hotels are not heavily represented in the downtown, Midtown or Buckhead markets, making up only about 15 percent of the total hotel supply.”

Hotel News Now August 23, 2017 How independent hoteliers adapt to the changing cycle. Kim Bardoul moderates the “cycle dynamics for independent hotels” panel contributing with her industry insight supported by the Boutique Hotel Report.

Asian Hospitality August 22, 2017 Extended Stay Hotel Supply Keeps Pace with Demand, says Highland Group. “Extended-stay hotels continue to absorb record levels of new rooms while maintaining occupancy above their long-term average,” says The Highland Group.

Hotel News Resource August 22, 2017 Softscribe Inc. Names Top 10 Quotes From Industry Leaders at Hotel Data Conference 2017. “There are 20K indie rooms under construction.” -Kim Bardoul, Partner, ISHC – The Highland Group Hotel Investment Advisors Inc.

Hotel Management August 15, 2017 – Multibrand push, innovations fuel extended-stay growth. “The extended-stay sector continues to thrive”—Mark Skinner, partner at The Highland Group, told Hotel Management in June that “this year’s supply increases are slated to reach 7 percent to 8 percent.”

Serviced Apartment News August 16, 2017 More strong numbers from US extended stay sector.  “Very high supply growth has limited ADR increases in the upscale segment but the 2.5 per cent Q2 gain was a big improvement on the 1.1 per cent growth in Q1 2017,” [says Mark Skinner, Partner at The Highland Group].

Hotel News Now June 28, 2017 Extended-stay hotels making headway into Europe.  “It’s a real possibility that Brexit could have an effect on the market in London,” said Mark Skinner, who follows the European industry as a partner at U.S.-based Highland Group Hotel Investment Advisors.

Hotel News Now June 26, 2017 US extended-stay hotels thrive in face of supply growth.  ““Although we’re having strong increases in supply, demand is close to catching up. Occupancies this year were projected to show a slight decline, but based on the first quarter, they’re not—although there is a record number of rooms under construction: more than 40,000,” [says Mark Skinner, Partner at The Highland Group].

Hotel Management June 13, 2017 Extended-stay hotel segment continues to find quiet success.  [Mark] “Skinner’s [, Partner at The Highland Group] biggest concern for the segment comes not from Airbnb but from the forecasted 7-percent to 8-percent supply increase taking place in 2017.”

Hotel New Now May 17, 2017 US extended-stay hotels see occupancy rise in Q1.  “Extended-stay hotel occupancy above its long-term average and the strongest trend in demand growth in a dozen years provides a solid foundation to absorb the record number of new rooms under construction,” says Mark Skinner, Partner at The Highland Group.

Skift April 19, 2017 How Extended Stay Hotels Are Pivoting Towards a New Generation of Travelers.  “Demand is at a record high,” said Mark Skinner, partner at The Highland Group. “More people are staying at extended stay hotels in the U.S. today than there were as ever before but what’s also true of the overall hotel industry is that these extended stay hotels are seeing record revenues.”

Hotel News Now April 5, 2017 What sets indies and lifestyle hotels apart?  Kim Bardoul, partner at The Highland Group, shared U.S. performance data on the boutique segment. “Compound average supply growth for independent, lifestyle and soft brand collection boutiques has risen since 2016, and annual revenue per available room exceeds U.S. averages for industry wide performance.”

Asian Hospitality April 4, 2017 Long Run for Extended Stay. “‘By far, the largest increases in supply are forecast in 2017 and 2018,” said [Mark Skinner of ] The Highland Group.

Hotel News Now March 31, 2017 – Supply growth concerns inch into extended-stay segment.  “Demand for all extended-stay properties last year was up about 5% ( year over year), and unless there’s an uptick in demand, you’re going to see occupancy decline,” [said Mark Skinner, a partner at The Highland Group.]

HRS Group Press Release February 23, 2017 HRS Adds 2,000 Extended-Stay Units for Corporate Hotel Programs. “After six consecutive years of annual room revenue growth ranging from 6 to 13 percent, we project extended-stay room revenues to increase five to seven percent in 2017,” said Mark Skinner, a partner at The Highland Group.

Hotel News Now December 2, 2016 – Demand for extended-stay keeps pace with supply growth. “You can expect (RevPAR growth) to persist through 2017, but expect RevPAR gains lower than 2016, which is going to be 3% to 4%,” [said Mark Skinner, a partner at The Highland Group.]

Hotel News Now November 15, 2016 – Extended-stay demand boosts occupancy, report shows. “Extended-stay occupancy should finish 2016 above its long-term average of 73.8%.” [said Mark Skinner, a partner at The Highland Group.]

The Houston Chronicle November 15, 2016 – Building boom brings new hotel to northwest Houston. “”Houston was one of the first markets to rebound from the recession, and a lot of new office and hotels followed it.” [said Mark Skinner, a partner at The Highland Group.]

Hotel Management October 3, 2016 – Extended-stay supply beginning to outpace demand. “Extended-stay hotel companies know that new room construction is at an all-time high and therefore, they expect a slowdown to build up occupancy,” said Mark Skinner, a partner at The Highland Group.

Travel Market Report September 23, 2016 – Sonesta Burnishes Extended Stay Brand. “Consumers spent nearly $10 billion at U.S. extended-stay hotels in 2015”, said Mark Skinner, partner at The Highland Group.

Hotel News Now August 25, 2016 – Supply boom could hurt extended-stay RevPar growth. “At midyear 2016 there were more than 40,000 extended-stay hotels rooms under construction in the US.” [Mark Skinner reported].

Hotel Business August 7, 2016 – Positive signs ahead for this growing segment of the industry. “So what you’re likely to see over the next year or year and a half is that supply growth will exceed demand growth and occupancy will start to decline from what was record-high levels,” [Mark Skinner] explained.

Tulsa World May 1, 2016 – Stay a (long, long) while: Hotel guests stay for long haul, like it. “With two small children and two small dogs in the room, it was actually bloody awful,” [Mark Skinner] says. “But it was a lot better than staying in a (regular) hotel room.”

Hotel News Now April 2016 – Investors target growing US serviced-apartment industry. “Mark Skinner said, “The variability in the performance of serviced apartments is far less volatile than hotel or extended stay because operators can vary supply depending on demand.”

Asian Hospitality Magazine March 2016 Extended Stay Enjoys Long-Term Recovery. “At almost 35,000 extended-stay hotel rooms under construction are at the highest ever reported.”

North America Hotel Investment News November 25, 2015Strong demand pushes extended-stay development “According to The Highland Group, the rate of increase in supply of extended-stay properties in the United States has accelerated for six consecutive quarters”

Hotel News Now November 13, 2015 5 things to know: 13 November 2015. “Study author, [Mark Skinner], says accelerating supply growth will likely continue and could put pressure on occupancy.”

Lodging Magazine October 19, 2015 Investors Bet on Boutique and Lifestyle Hotels. “The independent boutique has remained steady in growth, but the soft brand and lifestyle segments have clearly grown stronger in the past two years,” [Kim] Bardoul says.

Business Travel Executive September 2015 The Stay After Tomorrow. “According to Mark Skinner, a partner with [The] Highland Group, supply should finally meet demand in the next year or two at which point rates might stabilize. However, he says, rate increases should remain well above inflation before starting to moderate in 2016.”

North America Tourism & Hospitality Investment Conference July 29, 2015 Extended-stay supply/demand imbalance creates development opportunities. “According to The Highland Group extended-stay hotel room revenues are increasing by more than $1 billion a year.”

Hotel News Now July 9, 2015 What’s driving economy extended-stay hotels – by Stephanie Ricca. “There’s just not a lot of new construction in economy extended-stay product,” [Mark] Skinner said.

Hotel Management Magazine June 17, 2015– Extended-Stay Operating metrics remain strong in Q1 – by HM Staff. “Hotel demand is rising overall,” said Mark Skinner.

Los Angeles Business Journal May 4, 2015 Checking In – by Hannah Miet.  However, [Mark] Skinner said that “as their stay lengthens, they tend to migrate to the more residential corporate apartments.”

Vancouver Business Journal April 21, 2015 Real Estate Roundup – by Peter Mitham.  “Vancouver is expecting a record year in 2014” The Corporate Housing [Industry Report] forecast for last year.

Hotel News Now April 7, 2015 – 5 trends in the boutique business – by Patrick Mayock.  Highlights from the boutique hotel panel discussion from the recent Hunter Hotel Conference in which The Highland Group’s Kim Bardoul moderated.

Philadelphia Inquirer March 27, 2015 – The latest in extended stay: curated, boutique-like – by Samantha Melamed.  “Both the boutique hotel segment and extended-stay hotel segment are growing faster than the overall hotel industry. So to combine it makes sense in many ways,” The Highland Group’s Mark Skinner said.

Hotel News Now March 26, 2015 – Report defines boutique, lifestyle, soft brand – by Stephanie Ricca. As traveler sentiment and preferences change, the industry has responded over the years with new hotel product to address guest needs, said Kim Bardoul, consultant with The Highland Group and co-author of the report. Along the way, the need for better definitions arose to help owners, investors and even brand companies to clearly define their niche.

Asian Hospitality March 11, 2015 – Extended-stay hotels had ‘exceptionally’ good year – by Judy Maxwell.  “As previous peak years approached, extended-stay room supply growth was much faster than the change in demand,” Mark Skinner of the Highland Group notes.

GlobeSt.com October 30 2014 – DeBoer Launches Fifth National Brand by Brian J. Rogal.  “The option for short stays is a fundamental difference that sets the brand apart in ……………the corporate apartment sector,” says Mark Skinner of the Highland Group.

Hotel Management October 20 2014 Urban and dual-branded projects keep extended-stay going strong – by Bruce Serlin.  “New supply is coming beyond the 30,000 [room level], but it’s taking a long time to get there.” [Mark] Skinner said.”

Hotel News Now August 15 2014 5 things to know: highlights from the Hotel Data Conference – by Ed Watkins.  “RevPAR for the extended-stay segment of the U.S. hotel industry will increase above inflation rates until new supply additions in 2016 and 2017 put the brakes on growth,” according to a report from The Highland Group.

Serviced Apartment News August 13 2014 Number of US extended stay rooms under construction reaches six-year high – by George Sell.  The Highland Group says, ” the number of US extended-stay rooms under construction has increased almost threefold in the last four years and, at more than 20,000 rooms, it has reached a six year high.”

Atlanta Business Chronicle June 13 2014 Downtown Office Building Could Become Hotel – by Amy Wenk and Douglas Sams. Kim Bardoul with The Highland Group said, “an independent boutique fits really well into a converted product. It makes it unique and kind of an experience.”

Prairie Business Magazine May 27 2014 Extended-stay hotels find demand in Grand Forks– by John Hageman. “Demand increased faster than supply despite a net gain of more than 10,000 rooms (in 2013), which was the largest annual increase since 2009,” the Highland Group report stated.

Hotel Business May 7 2014 Extended-Stay: Outlook for segment is Mixed – by Stefani C. O’Connor. “The Highland Group data shows extended-stay RevPar exceeded its 2007 nominal high in 70% of those 100 largest markets.”

Asian Hospitality April 29 2014 Welcome to My Place – by Judy Maxwell. “When an investment bank makes that large of a play it drives interest, said Skinner.”

Serviced Apartment News March 13, 2014 US sees record extended stay RevPar in most major markets – by George Sell. “The Highland Group says room supply is expected to increase by about four per cent in 2014 but in more than half of the 100 largest markets no new rooms are under construction.”

New York Times March 11, 2014 Extended-stay hotels climb in Manhattan – by C.J. Hughes. “In Manhattan, the number of non-hotel units has fluctuated between 3,200 and 4,000 units in the last several years, though this year it is expected to be higher, according to Mark Skinner, a partner with the Highland Group.”

Hotel News Now January 29, 2014 Extended-stay hotel sector evolving in Europe – by Benjamin Jones. “I think it’s a given that Europe is underserved by the product compared to the United States where there are already an estimated 350,000 extended-stay rooms,” said Mark Skinner, partner at Highland Group Hotel Investment Advisors.