Total extended-stay hotels reached new fourth-quarter milestones in 2023, setting records in supply, demand, ADR, RevPAR and room revenues, according to The Highland Group. However, occupancy declined in line with the broader hotel industry trend, with slower growth in ADR and RevPAR throughout the year.
TOTAL EXTENDED-STAY HOTELS achieved new fourth-quarter milestones in 2023, setting records in supply, demand, ADR, RevPAR, and room revenues, according to The Highland Group. Despite this,…
