March 12, 2021
EconomyExtended-Stay Powers Recovery with First RevPar Gain Since Pandemic Start
Economy extended-stay hotels were the first and only segment of the lodging industry to post a monthly gain in RevPar since February 2020. Gains in both occupancy and average rate resulted in 3.6% RevPar growth in January 2021 compared to January 2020. Another sign of the bottom up recovery was mid-price extended-stay hotel demand increased…
Economy extended-stay hotels were the first and only segment of the lodging industry to post a monthly gain in RevPar since February 2020. Gains in both occupancy and average rate resulted in 3.6% RevPar growth in January 2021 compared to January 2020. Another sign of the bottom up recovery was mid-price extended-stay hotel demand increased for the second consecutive month.
“Economy extended-stay hotels consistently reduced RevPar losses in 2020 but to report a monthly gain when compared to pre-pandemic January 2020 is nothing short of remarkable under current hotel market conditions” says Mark Skinner, Partner at The Highland Group.
About The Highland Group, Hotel Investment Advisors, Inc.
The Highland Group provides consulting services to developers, franchisors, investors, lenders, and others with interests in the lodging industry. For more information see
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