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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 | Jun 2014

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

IBISWorld’s Hotels & Motels market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Industry Statistics & Market Size
Revenue
$144bn
Annual Growth 09-14
2.5%
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 - Industry Analysis Chapter

The Hotels and Motels industry has strongly recovered from the recession. At the onset of the economic downturn, all forms of travel accommodation experienced lower demand as consumers became more concerned about their finances and cut back on luxuries such as travel. In 2009, as the recession deepened and unemployment rose, a 5.1% decline in domestic travel accompanied by a 5.2% fall in international travel to the United States severely cut into industry demand. Since destination hotels and motels rely heavily on domestic and foreign tourists, the decline in domestic and international travel hurt the industry's bottom line... 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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