A lot of people don’t realize this, but there are some pretty serious financial benefits that can come from staying in an extended-stay hotel.
Extended-stay hotels are basically similar to overnight hotels, except that they’re designed and priced to offer longer-term stays for people who need a longer-term lodging option for one reason or another.
An extended-stay hotel could work really well if you need to stay for a week or more in a particular location, and don’t want to have to bounce around to different hotels or pay the higher costs associated with staying in an overnight hotel for 7 days in a row.
In fact, this is where you’ll start to realize that extended-stay hotels actually come with some pretty significant financial benefits.
Granted, an extended-stay hotel is a different type of lodging than, say, short-term housing or corporate housing.
But in some ways—it offers even more ‘bang for your buck’ than you might get with other short-term housing options.
So in this blog post, we’re going to dive deep and talk about the most important financial benefits that you can enjoy as a result of booking an extended-stay hotel for your next trip, vacation, or adventure abroad.
Let’s dive into it.
1. They’re Usually More Affordable
One of the most obvious benefits of booking an extended-stay hotel is the fact that, when you do the math on a per-night basis, you’ll tend to save quite a bit of money when you compare it to booking a regular overnight hotel for an extended period of time.
But then again, this isn’t really that surprising.
Mainly, the reason why you’ll tend to save money with an extended stay hotel is that these types of hotels are actually specifically designed and positioned to offer longer-term stays to people who are traveling for work, or for people who just need a longer-term lodging option that’s closer to a hotel than it is to an apartment.
Some people prefer corporate housing when traveling for business.
However, extended-stay hotels actually offer quite a few benefits that you may not find in most corporate housing lodging options.
2. You Usually Get Free Or Low-Cost Amenities
Another fantastic advantage to extended stay hotels is the fact that you generally gain access to some pretty awesome amenities, either for free or for a very affordable cost.
Some examples of this could include laundry service and/or dry cleaning service.
Plus, don’t forget that extended stay hotels offer you built-in maid service—whereas the majority of corporate housing options don’t.
Extended-stay hotels can also offer things like continental breakfast, a complimentary gym membership, access to a swimming pool, etc.
In other words, there are quite a few perks that come with staying in the right extended-stay hotel.
3. You Can Earn Rewards And Travel Points
If you choose to continue doing business with a popular extended-stay hotel chain, then you can rack up some pretty serious travel and reward points with that chain—which can offer you some pretty significant benefits over time.
For example, you might be able to use your travel credit card to book your rooms to earn points that you can redeem for things like free flights.
You could also rack up reward points with the hotel chain itself that you could redeem for free rooms, discounts, or other perks.
When it comes to traveling, synchronizing rewards and extra points can lead to pretty significant cost savings over time.
A lot of people don’t realize how much money you can save by being intentional with your reward point system.
Once you’ve spent quite a bit of time traveling on the road, you’ll realize that these reward systems can sometimes actually even make a difference in your overall expense budget.
4. Free Cancellation
If you book your extended stay at the right hotel chain, you can generally get a free cancellation policy right up to the last minute.
This is extremely helpful in the event that you need to either cancel or reschedule your trip due to some kind of unforeseen mishap or situation.
It feels pretty bad to have to pay for a room that you’re not even going to be able to stay in.
Thus, why free cancellation policies offered by many extended stay hotels are so convenient and awesome.
Hopefully, this list has helped you to understand some of the biggest financial benefits of staying in an extended stay hotel.
Of course, at the end of the day, it really all comes down to making the most of the resources at your disposal.
And extended stay hotels can be an amazing way to make this happen for you on a small to medium-sized travel budget.