Report: U.S. extended-stay supply grew 3.3 percent in August

U.S. EXTENDED-STAY ROOM supply increased by 3.3 percent in August, surpassing the average monthly growth over the past two years, according to The
Highland Group. This rise is partly attributed to the inclusion of WaterWalk by Wyndham, a mid-price extended-stay brand, in the database starting in May after
its affiliation with Wyndham.

August also marked the 35th consecutive month of supply growth at 4 percent or less, with the annual supply change remaining below 2 percent for the past two
years, as revealed in The Highland Group’s U.S. Extended-Stay Hotels Bulletin. However, both metrics are well below the long-term average, the report found.

The 11.9 percent increase in economy extended-stay supply, along with modest gains in mid-price and upscale segments, is primarily due to conversions. New
construction in the economy segment is estimated at only 3 percent of rooms compared to last year, the report noted.