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Hotels & Motels in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Hotels & Motels Market Research Report | NAICS 72111 | Oct 2014

Making room: Domestic and international travel will recover, bolstering demand for hotels and motels

IBISWorld’s Hotels & Motels market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Industry Statistics & Market Size
Revenue
$155bn
Annual Growth 09-14
4.4%
Annual Growth 14-19
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Profit
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Employment
1,490,069
Businesses
38,711
Industry Analysis & Industry Trends

Hotel operators are poised for an uptick in room reservations as domestic and international travel rates grow. Over the next five years, the industry will expand, as operators invest in boutique hotels, spa resorts and overseas operations in emerging economies. In particular, the continued growth of specialty hotels and global operations will enable profit growth over the five years to 2019... purchase to read more

Industry Report - Starting a New Business Chapter

Capital

The start-up costs and market share concentration vary between industry segments, particularly for the international standard five-star properties compared with three-star motels. According to hotel consulting and services organization HVS's 2013/14 Hotel Development Cost Survey (latest information available), the median construction cost for a budget and economy hotel per room is $71,200, compared to midscale hotels (without food and beverage), which cost $93,000 per room, extended stay hotels cost $121,000, midscale hotels (with food and beverage) cost $110,900, full service hotels cost $214,800, and luxury hotels and resorts cost $576,500... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Hotels & Motels Industry?

Operators in this industry provide short-term lodging in hotels, motor hotels, resort hotels and motels. Establishments may also offer food and beverage services, recreational services, conference room and convention services, laundry services, parking and other services. This industry excludes hotels that have casino facilities attached.

Industry Products
Guest room rentals from hotels with 25 or more roomsFood and alcohol sales from hotels with 25 or more roomsConference room rentals from hotels with 25 or more roomsOther revenue from hotels with 25 or more roomsMotelsHotels with fewer than 25 rooms and other accommodations
 
Industry Activities
Operating short-term hotelsOperating short-term motor hotelsOperating short-term resort hotelsOperating short-term motels


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