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 4 to January 11, 2010. 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 suites, see our
One-Bedroom Suite Rate Survey and
Two-Bedroom Suite Rate Survey.
For past rates, see our January
2009 Rate Survey, 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 one year ago, we see steep declines across the board, ranging
from a decrease of 8.2% at Homewood Suites to a 20.3% drop at Crossland:
| Average One-Year Rate Change by Chain |
|---|
| CL |
EA |
HS |
SP |
ED |
CW |
TP |
SB |
HW |
RI |
|---|
| -20.3% |
-15.8% |
-16.9% |
-11.8% |
-14.8% |
-14.1% |
-9.9% |
-14.0% |
-8.2% |
-11.2% |
Note: Calculations are limited to properties that were included in both surveys.
Price drops are explained by both the week economy in 2009-10, and a
significant increase in the number of extended stay hotels. Among our surveyed chains, the supply of hotels grew by 8.5%, while the recession has caused
demand to shrink.
In all, we checked rates for 2,152 properties in 497 US market
areas. (For rates in Canada, please see the Canadian Extended Stay Rate Survey.) Click the links below for rates in cities
in each state:
|
