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The select-service segment has continued to increase its competitive advantage by offering the in-room amenities of full-service hotels while keeping prices low in the absence of a full-spectrum product offering. While the term “select-service” may be relatively new to the lodging scene, the concept has been around for many years.
- 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...
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What is a select-service hotel?
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Why are select-service hotels so popular?
What is the difference between a full-service and a select-service hotel?
May 3, 2022 · This type of hotel is perfect for travelers on a tight budget. A select service hotel offers moderately priced rates but has many amenities that rival full-service hotels. As a result, select-service hotels have seen a rise in customers’ preferences. Because they have less overhead, they can offer lower average daily rates.
Jan 12, 2022 · January 12, 2022. Coming off one of the worst trading years in U.S. history, select-service hotel transaction volume is on track to exceed $12B in 2021, making it the strongest year since 2015. The sector has contributed 40% of total U.S. hotel investment volume YTD November 2021, 400 basis points higher than the 10-year average from 2011-20 ...
Mar 13, 2024 · A select service hotel is a hybrid of limited-service and full-service hotels, offering more amenities than limited-service properties but fewer features and services than full-service properties. Examples of select-service hotels include Hyatt Place, Hilton Garden Inn, and Marriott’s Courtyard. These hotels typically provide a small amount ...
Dec 5, 2022 · Select service is a hybrid classification which incorporates elements of property type, chain scale and short -term occupancy or rental (STR). While an important part of the current lodging landscape, select service hotels are not consistently classified. At CBRE Hotels Research we created a definition of select service that covers the range of
Nov 14, 2017 · According to CBRE Hotels, using the broadest definition of select-service, this category comprised an estimated 89% of the total hotel projects under construction. That stat is in the December ...
