Select Service Hotels and the Paid Accommodations Industry

by Jack Corgel, Ph.D., CBRE Consultant | Dec 05, 2022

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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.