Marriott International has revealed its extended-stay portfolio now accounts for one-third of the company’s North American development pipeline.
Residence Inn by Marriott and TownePlace Suites by Marriott lead the U.S. market in this segment and have a combined pipeline of more than 180 hotels under development, including 140 new unit openings planned by 2015. Internationally, extended-stay demand is rising with Marriott Executive Apartments, located wholly outside of the U.S., expecting nearly a 50 percent increase in hotel distribution by 2016.
“The worldwide workforce is increasingly mobile with rising demand for extended-stay lodging products,” said Thomas Kay, global account director, Marriott Global Sales.
“Marriott is a leader in the extended-stay space, demonstrating our understanding and commitment to serve this rapidly growing community of traveling professionals.”
The Marriott extended-stay portfolio consists of three distinct brands that are geared toward the needs of long-term stay guests. With more than 850 locations across the globe, Residence Inn, TownePlace Suites and Marriott Executive Apartments are designed for travellers who spend much of their lives on the road.