SEARCH   
MEMBER LOGIN    

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 | Mar 2016

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

IBISWorld’s Hotels & Motels market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Industry Statistics & Market Size
Revenue
$172bn
Annual Growth 11-16
4.2%
Annual Growth 16-21
Add to Cart
Profit
Add to Cart
Employment
1,627,484
Businesses
74,609
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 Analysis Chapter

The Hotels and Motels industry has experienced robust growth over the five years to 2016. As per capita disposable income and consumer confidence have increased, all forms of travel accommodation have experienced an increase in demand, as consumers increased spending on luxuries, such as travel. Since destination hotels and motels rely heavily on domestic and foreign tourism, the increase in domestic and international travel over the five-year period has substantially contributed to the industry’s bottom line. For example, industry revenue grew 5.8% in 2014, as international travel into the United States spiked by 7.0% over the same year. Consequently, revenue is expected to increase at an annualized rate of 4.2% to $171.6 billion over the five years to 2016... 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


View Sample
Quote
Select Clients