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 2 to January 9, 2014. 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 past studio rates, see our January
2013 Rate Survey, January
2012 Rate Survey, January
2011 Rate Survey, January
2010 Rate Survey, January
2009 Rate Survey, December
2007 Rate Survey, December
2006 Rate Survey, December
2005 Rate Survey, June
2005 Rate Survey or our December
2004 Rate Survey.
Comparing the 2014 rate survey with the survey conducted in 2013, we see that price increases were modest, or even slightly negative, at all chains
except Crossland and Extended Stay America. These two chains emerged from bankruptcy in 2012, and rolled out renovations at many of their hotels
over the past year.
| Average One-Year Rate Change by Chain |
|---|
| Crossland |
Extended Stay America |
Candlewood |
TownePlace |
Staybridge |
Homewood |
Residence Inn |
|---|
| +4.8% |
+7.0% |
-0.7% |
+1.9% |
+2.4% |
-0.8% |
+1.8% |
Note: Calculations are limited to properties that were included in both surveys.
Home2 Suites is a new addition this year, so no rate change data is provided.
Price stability is due, in part,
to the increased rate of new extended-stay hotel construction. Among our surveyed chains, the supply of hotels grew by 3.3% in 2013 (compared to
less than 0.1% growth in 2012).
2014 survey market results: In all, we checked rates for 2,362 properties in 559 US market
areas. (For rates in Canada, see the Canadian Extended Stay Rate Survey.) Click the links below for rates in cities
in each state:
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