Extended-Stay Hotel Demand and Room Rates Grow Despite Decline in Overall Hotel Demand and Falling Rates
Extended-stay hotels posted a four percent increase in demand and a more than two percent gain in average room rates in 2001; a very strong performance in light of a 3.9 percent decrease in the demand and a 1.8 percent fall in average room rates for hotel rooms nationwide. Extended-stay hotel supply grew at five … Read more