Insight
Extended stay hotel demand grew 6.2% year-over-year in May, the fastest monthly gain since February 2022 and the fourth consecutive month above the sector’s 5% long-term average.
GMH Hotels: The Supply Gap That Could Change Hotel Pricing.
Summary
Extended stay hotel demand surged 6.2% YoY in May, driven by workforce housing needs and displaced residents. Supply is thinning, potentially increasing pricing power in 2027. This trend favors hosts offering more space and amenities.
Key takeaway