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- Over two decades or so, the grey area between full-service and limited-service hotel establishments has given rise to this select-service segment. Initially, the select-service sector encompassed hotels that had no banquet facilities or restaurants but it has evolved ever since to become somewhat unrecognizable.
www.soegjobs.com › select-service-hotelsWhat Are Select-Service Hotels? Feature, Amenities, Examples ...
Dec 5, 2022 · 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 ...
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What is a select-service hotel?
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While the term “select-service” may be relatively new to the lodging scene, the concept has been around for many years. For most people, a Hilton Garden Inn, a Courtyard by Marriott, or a Hyatt Place evokes an image of the quintessential select-service hotel.
Nov 14, 2017 · Limited- and select-service hotels serve as a balance in offering a quality stay experience for guests, while remaining operationally and financially effective.
- Operating Efficiencies
- Select F&B For Profits
- Development Decision
For hoteliers, a large part of the reason for the popularity of owning and operating select-service properties is the relative ease of operations. Without the extensive array of facilities, services, and amenities, select-service hotels have fewer departments to manage, and are more efficient to operate. In 2015, the properties in our select-servic...
It is generally accepted that limited-service hotels (no retail food and beverage outlets) are more profitable than full-services hotels. Within the overall lodging industry, this is true. According to the 2016 Trends® in the Hotel Industryreport, limited-service hotels in the U.S. achieved a 44.6 percent GOP margin in 2015, compared to 36.9 percen...
While select-service hotels are very efficient and profitable operations, the decision to develop a property requires additional information. In 2015 the gross operating profit PAR for our select-service sample was 40 percent less than the GOP for our overall Trends®survey sample because of lower average daily rates and lack of other revenue source...
Jun 30, 2017 · All the panelists were quick to establish one baseline—that the terms “select service” and “limited service” for this group of hotels don’t fit the bill anymore.
- Stephanie Ricca
Feb 9, 2023 · Traditionally, select service has been associated with quintessential hotels like Hyatt Place, Hilton Garden Inn, and Marriott’s Courtyard, but the segment also includes particular hotels from primarily limited-service chains like Days Inn, Clarion, and Best Western.
Jan 12, 2022 · Select-service hotels represent a defensive property sector with higher and more consistent yields than other hotels. The sector has also shown more long-term stability with limited average price per key volatility over the past 20 years.
