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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