This article discusses the performance of hotels and Airbnb with the one segment outperforming other brands, extended stay hotels, with larger rooms, kitchens and kitchenettes, priced for the cost-conscious traveller.

Marriott’s Q2 earnings showed that among all of its brands, Residence Inn had the highest occupancy rate, at around 40%, higher than 18% at Courtyard and 8% at Ritz-Carlton.

Experts say that in an environment where people are trying to social distance due to Covid-19, travellers like having the option to cook in their own space.

Demand for extended stay hotels is also being driven by medical and construction workers who cannot from home, and individuals who are looking for a temporary housing solution.

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