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:
|
