Select Service Hotels and the Paid Accommodations Industry

Key Takeaways

• The emergence of select service hotels changed traditional ways of viewing the lodging industry in the U.S. and spurred consumer-driven innovations. 
• Because a universally accepted definition of select service has not emerged to organize data, capital suppliers have difficulty evaluating operational performance and investment returns for the select service category.
• The concept of paid accommodations more accurately describes the broader spectrum of overnight occupancy industry structure than the traditional concept of lodging.
• The lodging and residential rental industries are becoming more unified suggesting that future industry performance will depend less on travel patterns.