Why cities are the new frontier for extended-stay hotels
Urban areas have been receiving more attention for residential development and a focus on live-work locations. According to the Urban Land Institute, 61 percent of Americans would choose smaller housing in favor of a shorter commute to work and 53 percent prefer neighborhoods close to shops, restaurants and offices. Now is the time for extended-stay hotels to move out of commercial areas and suburban corporate parks. The urban evolution, has required the extended-stay product to “bend and flex,” according to Bill Duncan, Global Head, brand management for Homewood Suites by Hilton.
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