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.