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The November recovery indices for the entire extended-stay hotel segment exceeded 100 percent for the first time in 2021, according to the latest research from The Highland Group. Economy and mid-price segments are still leading the recovery by a wide margin. However, the lagging upscale segment reported considerable improvement compared to October and its monthly room revenues are now within 2 percent of November 2019.

“Very strong November performance metrics plus more evidence of declining supply growth further improves the near-term outlook for extended-stay hotels,” says Mark Skinner, partner at The Highland Group.

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