2 Classification of Lodging Properties PriceFunctionLocationParticular market segmentDistinctiveness of style, offerings, or amenities*It is important to remember that many types of hotels can fallinto more than one category
3 Types of Lodging Properties Hotels Classified By Price Budget Hotels:Room rates are the lowest for this type of lodging property. This type of hotel typically offer guestrooms only. There is little or no public space, no meeting or function space, and very limited food and beverage facilities, if any.Midscale Hotels:Room rates tend to be equal to or slightly above market area average. These hotels offer a wider range of facilities and amenities. There will be limited public space and meeting/function space with at least one food and beverage facility.
4 Types of Lodging Properties Hotels Classified By Price Luxury HotelsAt the top of the price category are luxury hotelsThese properties offer a full array of services and amenities, such as:concierge serviceseveral food and beverage operationsbanquet facilitiesfull room servicerecreational facilities
5 Types of Lodging Properties Hotels Classified by Function Convention HotelsLarge hotels often with 500 or more guest roomsThey offer extensive meeting and function spaceFood and beverage operations tend to be extensive: several restaurants and lounges, banquet facilities, and room serviceConvention hotels are often in close proximity to convention centers and other convention hotels, providing facilities for citywide conventions and trade shows.
6 Types of Lodging Properties Hotels Classified by Function Commercial HotelsThese hotels cater to the business travelerIn comparison to convention hotels, there is less public space and smaller meeting and function space, fewer food and beverage outlets, and limited recreational amenities.Many of these hotels tend to be located downtown or near airports to accommodate their target market segment
7 Types of Lodging Properties Hotels Classified by Location Location can also be used as a criteria for categorizing lodging propertiesExamples of hotels categorized as such include:DowntownSuburbanHighway/InterstateAirportI-Drive/Attractions/Downtown/Airport/UCF (Orlando examples)
8 Types of Lodging Properties Hotels Classified by Market Segment CorporateLeisureAssociationConvention/ConferenceConference CentersResortsGaming/Casino HotelsHealth spaVacation ownership/Timeshare
9 Types of Lodging Properties Other Hotel Classifications All-Suite HotelsExtended Stay HotelsHistoric ConversionsBed-and-Breakfast InnsBoutique Hotels