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

 Extended Stay Rate Survey - January 2013

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In October 2012, researchers conducted an extensive survey comparing the lowest available weekly discount rates the following January at 10 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):

CL = Crossland (average rate: $35.79)
EA = Extended StayAmerica (average rate: $63.09)
HS = Homestead Studio Suites (average rate: $53.36)
SP = StudioPLUS (average rate: $45.29)
ED = Extended Stay Deluxe (average rate: $60.85)
CW = Candlewood Suites (average rate: $83.78)
TP = TownePlace Suites by Marriott (average rate: $112.25)
SB = Staybridge Suites (average rate: $108.89)
HW = Homewood Suites by Hilton (average rate: $125.79)
RI = Residence Inn by Marriott (average rate: $142.80)

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, 2013. 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 studio rates, see our 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 2013 rate survey with the survey conducted in 2012, we see price increases at all chains, ranging from an average increase of 0.7% at Staybridge Suites to an average increase of 9.2% for Extended Stay America. The latter chain emerged from bankruptcy in 2012, and rolled out renovations at many of its hotels. These improvements permitted rates to rise. However, another chain that underwent extensive renovations was Candlewood Suites, and its rate increase was only 2.7%. This chain, along with Staybridge Suites (both part of InterContinental Hotels Group) are especially good values compared to their comparable extended-stay competitors.

Average One-Year Rate Change by Chain
+6.5% +9.2% +6.9% +4.4% +5.0% +2.7% +5.2% +0.7% +3.6% +4.0%
Note: Calculations are limited to properties that were included in both surveys.

Broad price increases are due to the improving US economy, and a continued drop in the rate of new extended-stay hotel construction. Among our surveyed chains, the supply of hotels grew by less than 0.1% in 2012.

2013 survey market results: In all, we checked rates for 2,262 properties in 543 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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