Smaller markets in the US dominated the list of metropolitan statistical areas (MSAs) reporting an extended stay hotel RevPAR (revenue per available room) recovery, compared with 2019 levels, equal to or higher than the national average of 90%, according to a report from The Highland Group, a consultancy, with assistance from STR. Only 10% of markets achieving above average RevPAR recovery have 50,000 or more hotel rooms. Out of the 13 markets reporting 110% or higher RevPAR recovery indices, 11 have fewer than 15,000 hotel rooms. Mark Skinner, partner at The Highland Group, said, “With full extended stay hotel RevPAR recovery already exceeded and low supply growth forecasted, the near-term outlook for extended stay hotels is very good in many MSAs.” Markets with the highest 2021 RevPAR recovery over 2019 levels included Myrtle Beach; Baton Rouge; and Ogden, Utah, with 144.5%, 126.7 % and 122.1%, respectively. Areas with the lowest RevPAR recovery in 2021 compared with 2019 included San Jose, San Francisco and Washington DC, with 45.3%, 61.7% and 67.6%, respectively. The report noted that larger markets can have more upscale extended stay properties, which have been slower to recover. Large cities like Las Vegas, Phoenix and San Antonio, which have higher concentrations of economy extended stay properties, which have recovered most quickly, were among 43 MSAs that in 2021 achieved RevPAR equal to or higher than the nominal value in 2019.