A model of RESILIENCE

摘要

A home away from home. This is what guests have come to expect when they book at an extended stay hotel, whether for a week, a month, 6 months, or more. This year, more than ever, the mid-priced extended stay hotel segment is providing a haven for essential business travelers, students, frontline healthcare workers, government and military personnel, and families needing housing solutions during transitional life moments. In fact, one such company - Extended Stay America -is the only major hotel brand to remain 100% open since the beginning of the pandemic, hosting upwards of 70,000 guests each night on average. While the industry average for hotel occupancy lands around 45%, Extended Stay America is operating at an impressive 73% occupancy rate this year-to-date, indicating a business model poised to weather turbulent times, with the ability to meet the evolving needs of guests seeking flexibility along with comfort and care.