NEW YORK— Extended-stay hotels continue to show greater resilience to adverse economic conditions and cutbacks in travel than the overall hotel market, according to The Highland Group. While overall hotel demand declined 2.2% during the first three quarters of 2001 compared to the same period in 2000, demand for extended-stay hotels increased 4% over the same period. Extended-stay hotels have also increased RevPAR so far in 2001, while overall hotel RevPAR declined more than 4%, said the group, which recently completed a survey of the sector.
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