Accor strengthens its position on the extended stay market

4 min reading time

Published on 24/10/23 - Updated on 24/10/23

Accor Long stay

Post-pandemic, the long-stay offer is outperforming, and Europe's No. 1 hotel operator intends to position itself strongly in this segment. It continues to consolidate its dominant position in the long-stay, serviced flat and private rental segments, thanks to brands such as Adagio, Novotel Living and Mercure Living.

The group also offers serviced residences in the luxury and upmarket categories, represented by prestigious brands such as Fairmont, Sofitel and MGallery Living. Accor offers extended stays in the lifestyle segment, with brands such as Hyde, Mondrian, SLS and SO/. In addition, Accor has several regional brands offering this type of stay. Accor is the only hotel group to offer long-term stays in the lifestyle segment, with brands such as Hyde, Mondrian, SLS and SO/. Accor also has several regional brands offering this type of stay.

With currently more than 380 hotels and 45,000 keys in this category, Accor declares itself the leader in this field outside the United States.

Novotel Living has recently entered new destinations such as Singapore, Bangkok, Saigon and Kazakhstan, with more openings to come. The Group has been able to anticipate new travel trends, particularly the growing demand for extended stays, by focusing on markets where it has a solid presence, notably in Europe, the Middle East and Asia-Pacific.

Jean-Jacques Morin, Accor Deputy CEO and Premium, Midscale & Economy Division CEO

“With new travel habits taking hold and more people seeking out longer stays,
Accor has continued to do what we do best – lead the markets where we have deep roots,
strong relationships, and a powerful presence – such as Europe, the Middle East and Asia-Pacific”

The global long-stay hotel market is growing rapidly, estimated at $54.5 billion, and is expected to reach $166.5 billion by 2032, according to Future Market Insights. Europe remains a major driver of demand for serviced flats, while Asia-Pacific has the largest share of corporate serviced flat volumes. Cities where demand is growing the most include Riyadh, London and Singapore.

For travellers interested in these extended stays, Accor offers a dedicated booking site to explore the diversity of its portfolio. Guests and residents in these destinations also benefit from the ALL - Accor Live Limitless loyalty programme.

Jean-Jacques Morin also underlines : “The escalation of demand for extended stay properties is a global phenomenon, driven by a demographic shift among travelers who are taking longer trips, mixing business with leisure, and exploring destinations more fully. At Accor, we offer an unmatched portfolio of extended stay brands to service any traveler type and ensure that the brand experience of each remains true.”

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