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

 Extended Stay Rate Survey - January 2009

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In October 2008, researchers conducted an extensive survey comparing the lowest available weekly discount rates the following January at 10 leading extended stay hotel chains. 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):

CL = Crossland (average rate: $44.88)
EA = Extended StayAmerica (average rate: $68.82)
HS = Homestead Studio Suites (average rate: $73.42)
SP = StudioPLUS (average rate: $57.93)
ED = Extended Stay Deluxe (average rate: $77.17)
CW = Candlewood Suites (average rate: $92.19)
TP = TownePlace Suites by Marriott (average rate: $111.76)
SB = Staybridge Suites (average rate: $123.03)
HW = Homewood Suites by Hilton (average rate: $136.53)
RI = Residence Inn by Marriott (average rate: $150.45)

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
+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.)

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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