For information on features and amenities at each chain, please refer to our
Extended Stay Chain Comparison Survey. To allow for a
meaningful price comparison, we recorded the best available daily rates (based on a weekly stay) for studio suites at all hotels for the same time
period - a stay from January 5 to January 12 2009. The studios in our rate survey all are one-room suites with fully-equipped kitchens, including (at a
minimum) a refrigerator, sink, microwave and stovetop. For extended stays in larger rooms, see our
One-Bedroom Suite Rate Survey and
Two-Bedroom Rate Suite Survey.
For past rates, see our December
2007 Rate Survey, our December
2006 Rate Survey, our December
2005 Rate Survey, our June
2005 Rate Survey or our December
2004 Rate Survey. Comparing the current rate survey with the survey conducted a little over a year ago, we see very little change, ranging
from a decrease of 0.3% at Studio PLUS to a 6.5% increase at Residence Inn:
| Average One-Year Rate Change by Chain |
|---|
| CL |
EA |
HS |
SP |
ED |
CW |
TP |
SB |
HW |
RI |
|---|
| +4.1% |
+1.9% |
+4.7% |
-0.3% |
+1.4% |
+3.8% |
+2.0% |
+6.1% |
+3.5% |
+6.5% |
Note: Calculations are limited to properties that were included in both surveys.
Note that the earlier survey was for rates in the week preceding the Holiday period,
whereas the current survey is for the week following the Holidays. January is typically a busier time for business travel than December, so the change in
average rates would most likely have been even less had the surveyed dates been the same. This effect is explained by both the week economy in 2008-09, and a
significant increase in the number of extended stay hotels. Among our surveyed chains, the supply of hotels grew by 8.6%, while the recession has caused
demand to actually fall.
In all, we checked rates for 1,983 properties in 465 US market
areas. (For rates in Canada, please see the Canadian Extended Stay Rate Survey.)
|
