The extended stay property sector could survive and thrive in the post-referendum environment, according to Cycas Hospitality, as the supply of properties remains low, but demand seems set to remain at or near current levels for the foreseeable future.

The fall in the value of sterling may also work as an advantage to make the UK a more attractive and affordable destination for travellers from Europe, Asia and the US, and the growth of Airbnb highlights the opportunities in the extended stay market. Finally, historically long-stay hotels outperform the standard model during times of recession.

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