2017 will see record levels of stock expansion for the extended stay market, according to new research from international real estate advisor Savills.

The forecast is for more than 2,600 units delivered over the year, up 13.8% on 2016 stock levels, with a 20.5% stock expansion across the regions and 8.1% in London.

The development pipeline continues to be dominated by the UK’s largest operators, with Staycity looking set to improve its lead as the largest operator in the UK with 680 units in the pipeline, increasing current stock levels by 57.9% by the end of 2019.

2017-set-to-be-a-record-year-for-extended-stay-stock-expansion-says-savills
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