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Coronavirus

Economy Extended Stay Is the Strongest of the Weak U.S. Hotel Sector in March

Cameron Sperance

Photo Credit: The client base at U.S. economy extended stay hotels help maintain performance levels while coronavirus wreaks havoc on business in other sectors.  Wikimedia / Saalebaer

Skift Take

U.S. economy extended stay hotels continue to see relatively strong performance levels during the coronavirus downturn, while offering rooms for emergency services could maintain numbers from dipping as the crisis continues.

Despite the extraordinary drop in travel demand due to coronavirus, one sector performed markedly better than the rest last month during the ongoing public health crisis. U.S. economy extended stay hotels held a nearly 72 percent occupancy rate compared to the 42 percent hotel industry average, according to STR data sampling the first 28 days of March. Revenue per available room, or RevPAR — the industry’s leading performance metric — dec

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