The lodging businesses is steadily doing well lately and the extended stay section is no exception. However, the travelers’ tastes and needs evolve and change constantly, so the extended stay facilities are permanently looking for ways to keep up with their clients.
There are currently about 40,000 of these facilities in the United States and this number is higher than in the past couple of years, which reflects increasing demands for extended stay options. Specialists estimate that the demands are primarily related to the economic growth, and also business travel. They provide great housing benefits for the San Antonio corporate housing industry.
Contrary to popular belief, extended stay facilities are not only for business travelers, but also for regular people who look for a convenient lodging option for their vacation or during home relocation.
The popularity of extended stay options is also due to the fact that people become increasingly aware of the provided benefits. An extended stay option is the most cost-effective, especially if you take advantage of the available discounts. These properties offer comfort and convenience, as well as the ability to make people feel at home, enjoying a normal lifestyle even while they are away from their homes.
Extended stay facilities are expected to keep being profitable in the future, due to high occupancy. The key drivers of demand are national and multinational companies, as well as professionals in the IT and infrastructure sectors, which represent the most significant part of the clients of long-stay facilities.
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