What's Happening?
LivAway Suites, an extended-stay hotel brand based in Salt Lake City, Utah, has surpassed 100,000 room nights in its first year of operation. The company, which opened its first property in 2024, has rapidly expanded to eight hotels with 14 more under development across the United States. This milestone reflects a strong demand for affordable extended-stay accommodations, a segment that has been performing well in the hospitality industry. LivAway Suites attributes its success to a combination of purpose-built design, efficient operations, and competitive pricing.
Why It's Important?
The achievement of 100,000 room nights in just one year underscores the growing demand for extended-stay accommodations, particularly those that offer affordability and essential comforts. This trend is significant for the hospitality industry as it indicates a shift in traveler preferences towards longer stays and value-driven options. LivAway Suites' success also highlights the potential for growth in this segment, attracting both travelers seeking cost-effective lodging and developers looking for resilient investment opportunities. The brand's expansion plans suggest a continued rise in demand for such accommodations.
What's Next?
LivAway Suites plans to continue its expansion with 10 additional hotels slated to open in 2026, bringing the total to over 30 properties. The company is targeting key markets in Arizona, Texas, Virginia, Colorado, Nevada, Utah, and Florida. This expansion is expected to solidify LivAway Suites' position as a leading national brand in the extended-stay segment. As the demand for affordable extended-stay options grows, the company aims to capitalize on this trend by offering modern, economical accommodations that appeal to both guests and investors.
