. S. select-service and extended-stay hotels reached a RevPAR record in 2024. And that’ s just the start, according to a study by JLL.

RevPAR in these markets hit a milestone $ 78 last year— 14 % above 2019 levels— with demand surging by 232,000 room nights year-over-year. Growth reflects shifting

traveler preferences favoring longer stays, remote work setups and an improved work-life balance.“ Bleisure” travelers, blending business and leisure, are increasingly drawn to these properties, which offer in-room kitchenettes and recreational spaces that cater to both comfort and convenience. In 2025, the demand for select-service and extendedstay

properties is projected to surpass pre-pandemic levels, reaching an estimated 1.02 billion room nights— 16 % above the long-term average since 2001.

“ The select-service and extended-stay hotel sector remains a focal point for investors seeking durable returns in a volatile market. The sector’ s adaptability,

operational efficiency and consistent yields position it well for continued success in 2025 and beyond,” said Ophelia Makis, research manager for JLL’ s Hotels & Hospitality Group.

INVESTOR INTEREST The sector’ s streamlined operational model and resilience in any economic