Serviced Apartment News November 12, 2020 – US 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, 2020 – Biden 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, 2020 – Extended 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, 2020 – US 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, 2020 – Taking 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 2020 &