The Highland Group Reports

Description

The report tracks the recovery from COVID-19 with monthly performance data on extended-stay hotels throughout 2019, 2020 and 2021. Report highlights include:

• Extended-stay hotels recover 90% of 2019 RevPar
• Economy extended-stay hotel RevPar 14% higher than in 2019
• Mid-Price extended-stay hotel ADR fully recovered to 2019
• Upscale extended-stay hotel RevPar 83% of 2019 value
• Extended-stay hotel occupancy premium staying well above long term average
• Extended-stay supply growth declines to well below pre-pandemic level

The Highland Group’s report segments the extended-stay industry into economy, mid-price and upscale categories. The COVID Recovery report provides detailed information including:

• Extended-stay hotel occupancy, ADR and RevPar by month in 2019, 2020 and 2021
• Change in supply, demand and room revenues 2020 v 2019 and 2021 v 2020
• Monthly performance comparisons by segment with all economy, mid-price and upscale hotels
• Monthly economy, mid-price and upscale extended-stay hotel occupancy, ADR and RevPar recovery indices 2021 v 2019

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©2021 The Highland Group. All rights reserved. Confidential and proprietary subject to license – do not reproduce or disclose. This report is intended for viewing by clients only and may not be distributed to or viewed by others or reproduced for distribution in any form.