Extended Stay Franchise Opportunities with Wyndham
Discovering the Value of Extended Stay Hotels in the Hospitality Market
Extended stay hotels have emerged as a pivotal sector within the hospitality industry, serving guests who require longer-term accommodations. These properties are designed to provide the comfort and convenience of home, emphasizing operational efficiencies and a model that’s notably resilient in the face of fluctuating market conditions. Ideal for business travelers, situational guests (such as relocating families, extended medical stays, etc.), and those on longer stays for projects or vacations, the extended stay segment offers a compelling value proposition to investors and developers.
One key segment driving extended stay demand is infrastructure travelers, which represents a ~$3.3 billion opportunity for Wyndham hotel owners and developers. Learn more about “How Infrastructure Investment is Changing the Hotel Market” in this blog.
The Growing Demand for Extended Stay Accommodations
The demand for extended stay accommodations is on the rise, driven by changing work patterns, increased mobility, and a growing preference for accommodations that offer more space and home-like amenities. For more on what’s driving extended stay demand, read our blog “Extended Stay: Leveraging Long-Term Opportunity.”
Highlighting this segment’s strength, Business Travel News reports a striking increase in the occupancy rates of U.S. extended stay hotels to 76% percent, alongside an unprecedented decline in supply. This combination has contributed to higher RevPAR increases, beating the hotel industry overall, and further demonstrating the segment’s enduring appeal and profit potential for investors.
The Wyndham Advantage in Extended Stays
Why Choose Wyndham for Your Extended Stay Hotel Franchise
Choosing Wyndham as your partner in extended stay opens the door to a comprehensive ecosystem of support and resources. The Wyndham Advantage is comprised of 3 pillars:
- Boost Direct Revenue with Wyndham-driven bookings*
- Lower costs with Wyndham’s buying power
- Help Maximize profits with Wyndham’s best-in-class support
In addition, extended stay hotels benefit from dedicated operational and sales support offered from a team of segment experts.
*For participating brands only.
A Brand for Every Extended Stay
Long-term stays. Long-term returns.
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