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Extended Stay Hotel Directory > Business Travel Resources > 2015 Extended Stay Rate Survey

 Extended Stay Rate Survey - 2015

 
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In October 2014, Biz-stay researchers conducted an extensive survey comparing the lowest available weekly discount rates the following January 2015 at 8 leading extended stay hotel chains. (Dozens of additional chains are included in Biz-stay's directory.) The chains ranged from budget to upscale. For extended stay chain abbreviations used in the rate tables, please refer to the following key (with US average studio rates):

Crossland (average rate: $38.34)
Extended StayAmerica (average rate: $65.75)
Candlewood Suites (average rate: $88.44)
TownePlace Suites by Marriott (average rate: $121.34)
Home2 Suites by Hilton (average rate: $112.34)
Staybridge Suites (average rate: $117.42)
Homewood Suites by Hilton (average rate: $124.87)
Residence Inn by Marriott (average rate: $152.77)

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, 2015. 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 2014 Rate Survey, 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 2015 rate survey with the survey conducted in 2014, we see that price increases were sizable at nearly all chains. One exception is Home2 Suites. Its average increase of 1.8%, however, is based on only 24 hotels (those included in both surveys), so it carries less statistical significance than the other chains.

Average One-Year Rate Change by Chain
Crossland Extended Stay America Candlewood TownePlace Home2 Staybridge Homewood Residence Inn
+3.9% +3.0% +4.2% +7.2% +1.8% +4.6% +2.0% +6.6%
Note: Calculations are limited to properties that were included in both surveys.

It is also worth noting that the expansion of the extended stay segment is picking up speed. Among our surveyed chains, the supply of hotels grew by 3.8% in 2014 (compared to 3.3% growth in 2013).



2015 survey market results: In all, we checked rates for 2,451 properties in 571 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:
 
Alabama Louisiana Ohio
Alaska Maine Oklahoma
Arizona Maryland Oregon
Arkansas Massachusetts Pennsylvania
California Michigan Rhode Island
Colorado Minnesota South Carolina
Connecticut Mississippi South Dakota
Delaware Missouri Tennessee
District of Columbia Montana Texas
Florida Nebraska Utah
Georgia Nevada Vermont
Idaho New Hampshire Virginia
Illinois New Jersey Washington
Indiana New Mexico West Virginia
Iowa New York Wisconsin
Kansas North Carolina Wyoming
Kentucky North Dakota


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