Asia Pacific Extended Stay Hotel Market Size, Share, By Type (Economic Type Extended Stay Hotel, Middle Type Extended Stay Hotel, and Luxury Type Extended Stay Hotel), By Application (Travelers, Business Customers, Trainers & Trainees, and Government & Army Staff), and By Country (India, Japan, South Korea, China and Rest of Asia Pacific) - Trends, Analysis and Forecast till 2034

Asia Pacific Extended Stay Hotel Market Size was valued at USD 14.41 Billion in 2024 and is projected to grow at a CAGR of 12.7% to reach USD 41.49 Billion by 2034.

The Asia Pacific extended-stay hotel market is experiencing notable growth, propelled by various socio-economic factors and changing travel dynamics in the region. Extended-stay hotels cater to a diverse range of travelers, including business professionals, expatriates, families, and tourists, seeking long-term accommodation with the convenience of hotel services and the comforts of home. This market segment has gained traction recently due to evolving workplace trends, increased mobility, and the desire for flexible lodging options that accommodate extended stays.

Key Drivers of Target Market:

Expanding Business and Corporate Travel

One of the primary drivers of the Asia Pacific extended stay hotel market is the expanding business and corporate travel sector in the region. With globalization and the rise of multinational corporations, there has been a surge in business-related travel activities, including project assignments, training programs, and corporate relocations. Extended-stay hotels offer an attractive solution for business travelers requiring temporary housing for extended periods, providing amenities such as fully equipped kitchens, dedicated workspaces, and comprehensive business services. Additionally, as companies adopt remote work policies and flexible work arrangements, there is a growing need for accommodations that support remote work and offer a conducive environment for productivity.

Growing Tourism and Leisure Travel

The growing tourism and leisure travel segment is another significant driver of the Asia Pacific extended stay hotel market. The region's diverse landscapes, rich cultural heritage, and burgeoning tourist attractions have fueled an increase in domestic and international tourism. Extended stay hotels cater to leisure travelers, families, and vacationers seeking affordable and comfortable accommodations for extended stays. These hotels offer spacious suites, recreational facilities, and convenient amenities such as laundry services and complimentary breakfast, catering to travelers looking for a home-away-from-home experience. Additionally, the rise of experiential travel and the desire for immersive cultural experiences have further boosted the demand for extended stay options, especially in popular tourist destinations.

Restrains:

Regulatory and Operational Challenges

Despite the positive growth outlook, the Asia Pacific extended stay hotel market faces regulatory and operational challenges that may impact its expansion. Regulatory frameworks governing hospitality operations, including zoning regulations, licensing requirements, and taxation policies, vary across countries in the region and can pose hurdles to market entry and expansion. Moreover, operational challenges such as high real estate costs, labor shortages, and supply chain disruptions can affect the profitability and scalability of extended-stay hotel operations. Additionally, cultural differences and language barriers may present challenges in delivering consistent service standards and guest experiences across diverse Asian Pacific markets. To navigate these challenges successfully, extended-stay hotel operators need to develop robust strategies, forge partnerships with local stakeholders, and adapt their business models to suit each market's unique characteristics.

The market is segmented based on Type, Application and Country.

Asia Pacific Extended Stay Hotel Market Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2023 to 2034. For the purpose of this study segmented the Extended Stay Hotel Market report based on Type, Application, and Country:

Segmentation:

By Type:

• Economic Type Extended Stay Hotel
• Middle Type Extended Stay Hotel
• Luxury Type Extended Stay Hotel

By Application:

• Travelers
• Business Customers
• Trainers & Trainees
• Government & Army Staff

By Country:

• India
• Japan
• South Korea
• China
• Rest of Asia Pacific

The key players operating the Asia Pacific Extended Stay Hotel Market includes OKURA NIKKO HOTEL MANAGEMENT, Mandarin Oriental, Inc., Mont’Kiara, HILTON HOTELS & RESORTS, IHG Hotels & Resorts, Hyatt Hotels, MARRIOTT INTERNATIONAL, StayAPT Suites

• OKURA NIKKO HOTEL MANAGEMENT, Inc. *
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Mandarin Oriental, Inc.
• Mont’Kiara  
• HILTON HOTELS & RESORTS
• IHG Hotels & Resorts, Ltd.
• Hyatt Hotels  
• MARRIOTT INTERNATIONAL, INC.
• StayAPT Suites      

“*” marked represents similar segmentation in other categories in the respective section.

1. Research Objective and Assumption
   • Research Objectives
   • Assumptions
   • Abbreviations
2. Market Preview
   • Report Description
     • Market Definition and Scope
   • Executive Summary
     • Market Snippet, By Type
     • Market Snippet, By Application
     • Market Snippet, By Country
   • Opportunity Map Analysis
3. Market Dynamics, Regulations, and Trends Analysis
   • Market Dynamics
     • Drivers
     • Restraints
     • Market Opportunities
   • Market Trends
   • Product Launch
   • Merger and Acquisitions
   • Impact Analysis
   • PEST Analysis
   • Porter’s Analysis
4. Market Segmentation, By Type, Forecast Period Forecast Period up to 10 Years, (US$ Bn)
   • Overview
     • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
     • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
     • Segment Trends
   • Economic Type Extended Stay Hotel
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
   • Middle Type Extended Stay Hotel
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
   • Luxury Type Extended Stay Hotel
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
5. Market Segmentation, Application, Forecast Period Forecast Period up to 10 Years, (US$ Bn)
   • Overview
     • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
     • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
     • Segment Trends
   • Travelers
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
   • Business Customers
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
   • Trainers & Trainees
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
   • Government & Army Staff
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
6. Market Segmentation, By Country, Forecast Period Forecast Period up to 10 Years, (US$ Bn)
   • Overview
     • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
     • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
     • Regional Trends
   • Asia Pacific
     • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
     • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
     • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
       • India
       • Japan
       • South Korea
       • China
       • Rest of Asia Pacific

Competitive Landscape

• Heat Map Analysis
• Company Profiles
  • OKURA NIKKO HOTEL MANAGEMENT
  • Mandarin Oriental, Inc.
  • Mont’Kiara  
  • HILTON HOTELS & RESORTS
  • IHG Hotels & Resorts, Ltd.
  • Hyatt Hotels  
  • MARRIOTT INTERNATIONAL, Inc.
  • StayAPT Suites

The Last Word

• Future Impact
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• Contact