Yttrium‐stabilized ZrO2 (YSZ) hollow fibers derived from a ceiba template present a 25%–53% reduction in thermal conductivity compared with traditional YSZ solid fibers. However, after prolonged preservation at 1000°C, tetragonal ZrO2 (t‐ZrO2) can easily transform to monoclinic ZrO2 (m‐ZrO2), which destroys the hollow structure of the YSZ fibers and results in loss of the structural advantages for heat insulation. To overcome this, in this study, biomorphic lanthana and yttrium costabilized zirconia (LaYSZ) fibers with a hollow structure are fabricated by doping appropriate amounts of lanthanum in the raw materials of YSZ fibers. X‐ray diffraction, scanning electron microscopy, and thermal conductivity measurements are utilized to confirm the phase‐stability superiority of LaYSZ fibers to that of YSZ fibers under harsh conditions. After preservation at 1000°C for 150 hours, the m‐ZrO2 content in the LaYSZ hollow fibers increases from 0 to 3.4 mol%, whereas that in the YSZ fibers increases from 0 to 10.25 mol%. Furthermore, owing to their better phase stability at 1000°C, the morphologies and heat‐insulating properties of LaYSZ fibers are more improved in several aspects compared with YSZ fibers.