As extended stay hotels gain influence their performance. in popularity across the US, it is important to understand how certain hotel factors The purpose of this paper is to analyze the relationship between selected ...As extended stay hotels gain influence their performance. in popularity across the US, it is important to understand how certain hotel factors The purpose of this paper is to analyze the relationship between selected hotel characteristics （location, scale, size, and operation arrangement） and its performance （revenue per available room （RevPAR）） in the US extended stay market. A multiple regression model is performed on a national dataset, which is available from Smith Travel Research （STR）. The findings show that hotels located in urban areas perform the best among all location categories. Upper-tier hotels are able to achieve better results than their lower-tier counterparts. In addition, larger hotels are associated with better performance. Lastly, hotels are advised to adopt the franchise approach as the operation arrangement to achieve higher performance.展开更多
文摘As extended stay hotels gain influence their performance. in popularity across the US, it is important to understand how certain hotel factors The purpose of this paper is to analyze the relationship between selected hotel characteristics （location, scale, size, and operation arrangement） and its performance （revenue per available room （RevPAR）） in the US extended stay market. A multiple regression model is performed on a national dataset, which is available from Smith Travel Research （STR）. The findings show that hotels located in urban areas perform the best among all location categories. Upper-tier hotels are able to achieve better results than their lower-tier counterparts. In addition, larger hotels are associated with better performance. Lastly, hotels are advised to adopt the franchise approach as the operation arrangement to achieve higher performance.
