In recent years, the global hospitality market has seen a plethora of innovative hotel concepts as a larger number and more sophisticated products become available. Already well-established in America and Europe, over the past few years, Selected Service and Limited Service Hotels have also emerged in Asian countries as very attractive investment opportunities for developers and operators.
With the steady growth of business travel and changing accommodation trends, serviced apartments are becoming an appealing alternative investment to other forms of lodging property. There are substantial differences from typical hotels but there are also several similarities. We have illustrated in this paper what developers should consider when making decisions about development of hotel and serviced apartments.