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

 Extended Stay Rate Survey - January 2011

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In October 2010, 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: $33.74)
EA = Extended StayAmerica (average rate: $53.91)
HS = Homestead Studio Suites (average rate: $57.08)
SP = StudioPLUS (average rate: $44.30)
ED = Extended Stay Deluxe (average rate: $62.62)
CW = Candlewood Suites (average rate: $78.64)
TP = TownePlace Suites by Marriott (average rate: $101.57)
SB = Staybridge Suites (average rate: $105.17)
HW = Homewood Suites by Hilton (average rate: $119.57)
RI = Residence Inn by Marriott (average rate: $134.44)

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 3 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 2007 One-Bedroom Suite Rate Survey and Two-Bedroom Suite Rate Survey.

For past rates, see our 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 2011 rate survey with the survey conducted in 2010, we see diverging price changes, ranging from an increase of 2.8% at Residence Inn to a steep 11.9% drop at StudioPLUS. (As a result, we have moved several StudioPLUS properties from the directory's "Mid-priced" category to "Economy").

Average One-Year Rate Change by Chain
-2.9% -5.6% -5.1% -11.9% -3.3% -3.9% +2.5% +1.6% -2.5% +2.8%
Note: Calculations are limited to properties that were included in both surveys.

The fact that we are starting to see price increases is evidence of the improving US economy, and also a drop in the rate of new extended-stay hotel construction. Among our surveyed chains, the supply of hotels grew by just 3.2% in 2010, versus an 8.5% rise in 2009.

2010 survey market results: 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:

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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