After running a hotel pipeline screen on each of the 284 U.S. market tracts that Extended Stay America currently operates in, Deutsche Bank analyst Chris Woronka keeps a Buy rating on the shares. Extended Stay should face "relatively little" new supply from competing extended stay brands and the "peak" of the supply hit should occur this year, Woronka tells investors in a research note. The analyst estimates there will be a 29% decline in the number of competitive new room openings in Extended Stay's tracks in 2020 when compared to 2019 and a further 3% decline from 2020 to 2021.