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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 | Jul 2016

Making room: Rising consumer confidence and spending will bolster revenue for operators

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
$169bn
Annual Growth 11-16
4.2%
Annual Growth 16-21
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Profit
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Employment
1,629,861
Businesses
74,564
Industry Analysis & Industry Trends

The industry has experienced robust growth due to increases in travel spending, corporate profit and consumer spending. As a result, the industry has grown over every year since 2011, as the economy improved and domestic and international travel rates increased. Over the five years to 2021, the industry will continue expanding, albeit at a more moderate pace, with particularly strong growth in the extended-stay hotels, boutique hotels, spa and health retreats and resorts segments. Additionally, operators are expected to expand abroad into emerging economies, leading to an increase in revenue... purchase to read more

Industry Report - Industry Investment Chapter

The Hotels & Motels industry is subject to a moderate-to-high level of capital intensity. For every $1.00 the average hotel in the industry spends on wages in 2016, it will spend an estimated $0.39 on the use and replacement of capital. Both labor and capital play an important role in the industry.

As a service-based industry, hotel and resort operators are highly dependent on direct labor input across all areas of operation, from front-desk service, reservations, room service and cleaning, food preparation, liquor and beverage service, and back of house operational management. Due to the service nature of the industry, many of these labor-intensive functions cannot be substituted by technology or machinery... 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 properties with under 75 roomsGuest room rentals from properties with between 75 and 299 roomsGuest room rentals from properties with between 300 and 500 roomsGuest room rentals from properties with over 500 roomsAlcoholic beverages served for immediate consumptionMeals, nonalcoholic drinks and other items for immediate consumptionConference room and venue space rentals for eventsOther services (meals for catered events, laundry services, parking)
 
Industry Activities
Operating short-term hotelsOperating short-term motor hotelsOperating short-term resort hotelsOperating short-term motels


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