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In the second quarter, domestic extended-stay hotels recorded a 17.2% dive in RevPAR. While that is certainly not great news, hoteliers in that segment can take heart in the fact that their properties performed better than the overall US lodging industry, which saw its RevPAR decline nearly two percentage points further.

During the first half of the year, extended-stay properties witnessed a collective 15.9% drop in RevPAR, according to the Highland Group, a locally based hotel investment advisory firm. It attributes that decrease to a 6.7% jump in supply by the end of June compared to the same period in 2008. Demand for extended-stay hotels rooms slumped by 2.8% in Q2. However, according to Smith Travel Research, nationwide lodging demand dwindled by 8.1%.

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