The China extended stay hotel market is projected to see significant growth over the next decade. It is expected to grow from an estimated USD 4.5 billion in 2025 to USD 9.7 billion by 2035, with a CAGR of 8% during the forecast period from 2025 to 2035. The rise of remote working, increased business relocations, and growing interest in long-term leisure stays are major drivers of this growth, with an increasing demand for more flexible, self-sufficient accommodations.
Market Overview
| Attribute | Value |
|---|---|
| Estimated China Industry Size (2025E) | USD 4.5 billion |
| Projected China Value (2035F) | USD 9.7 billion |
| Value-based CAGR (2025 to 2035) | 8% |
The growth of the market can be attributed to changes in work patterns, with more people working remotely, as well as an increasing preference for self-catering and cost-effective lodging options. Additionally, China’s rise as a global business hub and its growing tourism sector are fueling demand for extended stay accommodations.
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The following table provides a comparative assessment of the changes in CAGR for the base year, 2024, and the forecast year, 2025, reflecting shifts in market dynamics.
CAGR Values for China Extended Stay Hotel Market (2024 to 2025)
It is expected that the China extended stay hotel market will grow at a CAGR of 6.0% in the first half of 2024, with a slight increase to 6.3% in the second half. The growth rate is projected to reach 6.4% in H1 2025, and further increase to 6.5% in H2 2025 as demand for both corporate relocations and long-term vacation rentals continues to rise.
| Category | Details |
|---|---|
| Market Value | The China extended stay hotel industry is estimated to generate USD 3.2 billion in 2024. |
| Domestic Market Share | Domestic tourists account for 70% of the market, with major hubs in cities like Beijing, Shanghai, and Shenzhen. |
| International Market Share | International visitors make up 30%, particularly from Southeast Asia and Europe, seeking long-term accommodations for business or leisure. |
| Key Destinations | Popular destinations include Shanghai’s Pudong area, Beijing’s Central Business District, and Shenzhen’s Nanshan District. |
| Economic Impact | The extended stay hotel sector significantly contributes to local economies through job creation and supporting small businesses, especially in high-demand areas like tech and finance hubs. |
| Key Trends | Growing remote work culture, increased focus on self-catering accommodations, and demand for extended stays in first- and second-tier cities. |
| Top Travel Seasons | Peak seasons include the Chinese New Year period and summer holidays, when long-term visitors seek comfortable lodging for family visits or business projects. |
The long-stay hotel business in China has been particularly vibrant in major urban centers such as Shanghai, Beijing, and Shenzhen. China is a very important market for long-stay accommodation due to the increasing phenomenon of remote working and hybrid workplaces, as well as a larger business environment. This has contributed to hotels offering more amenities such as in-unit kitchens, co-working facilities, and fast-speed internet, satisfying corporate executives as well as recreation travelers.
Key trends influencing the market include the increasing demand for “workation” accommodations, where professionals balance work and leisure, the growing trend of offering self-sufficient lodging options with amenities like kitchenettes, business facilities, and flexible booking terms, and the rise in corporate relocations and international business travelers seeking extended stays. This is further driven by the convenience of extended stay hotels that combine comfort, flexibility, and affordability.
| Date | Development & Details |
|---|---|
| Jan 2025 | Launch of Executive Stay Package The Four Seasons Hotel in Shanghai introduced a new executive long-stay package, offering high-end accommodations with private office spaces, personalized concierge services, and access to premium business facilities for corporate professionals. |
| Dec 2024 | New Business Relocation Program Marriott's Residence Inn Beijing unveiled a tailored program for relocating business professionals, offering discounted rates for extended stays and exclusive amenities such as meeting rooms, high-speed internet, and shuttle services to corporate offices. |
| Nov 2024 | Opening of New Luxury Extended Stay Hotel The Ritz-Carlton Beijing opened a new luxury extended stay property, offering fully serviced residences with spacious living areas, gourmet kitchens, and bespoke concierge services designed to cater to high-net-worth individuals and executives on long-term assignments. |
| Oct 2024 | Introduction of Wellness-Focused Extended Stays Shangri-La Hotels in Shanghai launched a new wellness-oriented extended stay program, featuring in-room yoga spaces, fitness centers, and access to wellness retreats, designed for health-conscious business travelers and affluent tourists. |
| Sept 2024 | Pet-Friendly Long-Term Stays Hilton’s Homewood Suites in Beijing introduced a new pet-friendly extended stay initiative, offering special amenities such as dog parks, pet-sitting services, and dedicated pet-friendly suites, catering to travelers with pets looking for extended stays. |
The luxury segment of the extended stay hotel industry in China will record the largest revenue by 2025, fueled by rising demand from premium accommodations among business professionals, high-income travelers, and business executives. Such upscale extended stay rooms are defined by large living spaces, well-stocked kitchens, and elegant furnishings that provide a level of comfort and convenience unmatched in the industry. They are customized to address the requirements of persons looking for the combination of luxury, seclusion, and comfort in their lengthy stays.
Metropolises such as Shanghai and Beijing are becoming the first choice destinations for luxury extended stays. Such metropolises entice the high-end hotel chains like The Ritz-Carlton and Four Seasons, which provide luxury suites with customized services to suit both business and recreational purposes. The Four Seasons Residences in Shanghai, for instance, offers an unparalleled extended stay experience with individual offices, meeting rooms, and customized concierge services to guarantee that corporate executives and high-net-worth individuals have everything needed for a productive and comfortable stay.
The increasing number of multinationals that are venturing into China and the rising number of executive relocations are driving demand for such high-end residences. Not only do these luxury apartments provide a sense of being at home, but they also ensure the necessary business facilities, including high-speed internet, modern office space, and meeting rooms, so that the guest can easily alternate between his business and personal life. Moreover, these hotels provide comprehensive recreation facilities, like spas, gymnasiums, and quality dining, as attractions for business travelers who consider high-end experiences.
As companies continue to dispatch workers on long-term assignments and China draws in increasing numbers of foreign executives, demand for high-end extended stay hotels is likely to boom. This sector will continue to be one of the most important growth drivers in the Chinese extended stay hotel market, providing customized experiences for those who need comfort and efficiency when away from home for long periods of time.
Corporate professionals will lead the China extended stay hotel market by 2025, accounting for approximately 40% of the total market revenue. Such a population necessitates longer stays based on various corporate requirements such as corporate training, project tasks, relocation, and regular inter-city or global travel. As China's economy keeps developing and companies expand, local and international professionals alike are looking for flexible, long-term accommodation options that offer both comfort and functionality.
For example, Marriott's Residence Inn in Beijing has been targeting the corporate traveler directly. The hotel provides tailored amenities, including full kitchens, high-speed internet access, and private workspace in every suite, allowing guests to work effectively while appreciating the comfort of a home-like setting. These amenities are essential for business professionals who must juggle work obligations with personal comfort during long-term stays. As more companies adopt flexible working arrangements, such as remote work and hybrid models, the demand for such long-term, flexible arrangements is increasing.
Besides, the high rate of growth in business delegations and entrepreneurs traveling to China for new business further justify the need for extended stay hotels. The professionals tend to have accommodation that accommodates both business and recreational purposes. Extended stay hotels such as Residence Inn address these needs by providing easy access locations close to key business centers, meeting rooms for team brainstorming, and amenities that accommodate extended stays, including fitness rooms, common areas, and laundry facilities.
As business relocation grows and more multinational corporations further establish themselves in China, flexible accommodations will be in greater demand. This movement cements corporate professionals as the dominant sector within the extended stay hotel market, and their requirement for customized accommodation will be integral to the future success of the market.
The China extended stay hotel market is becoming increasingly competitive, with both international chains and local players vying for a share of the growing demand. Major global brands like Hyatt Hotels Corporation, Marriott International, and InterContinental Hotels Group are leading the market, while regional players like Jin Jiang International and GreenTree Inn cater to specific customer needs.
2025 Market Share of China Extended Stay Hotel Players
Leading players in the market include Hyatt Hotels Corporation, Marriott International, and InterContinental Hotels Group, with regional players like Jin Jiang International (12%) and GreenTree Inn (10%) playing a vital role in the local market.
The China extended stay hotel market is projected to grow at a CAGR of 8% from 2025 to 2035.
The market is expected to reach USD 9.7 billion by 2035.
The key drivers include the growth of remote work, the rise in business relocations, and the increasing demand for flexible, affordable accommodations.
Key players include Hyatt Hotels Corporation, Marriott International, and InterContinental Hotels Group, among others.
The industry is segmented into Economy Range, Middle Range, and Luxury Range.
The market is segmented into Travelers, Corporate Professionals, Management Trainees, and Students.
The market is divided into Long Term, Monthly, Weekly, and Daily stays.
The industry is segmented into Online Booking, In-person Booking, and Phone Booking.
The industry is divided into Domestic and International tourists.
The market is segmented by Men, Women, and Children.
Segmentation includes 15 - 25 Years, 26 - 35 Years, 36 - 45 Years, 46 - 55 Years, and 66 - 75 Years.
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