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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 | Jan 2015

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

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
$163bn
Annual Growth 10-15
4.2%
Annual Growth 15-20
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Profit
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Employment
1,582,727
Businesses
39,608
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 2010, as the economy improved and domestic and international travel rates increased. In the five years to 2020, the industry will continue to perform well, 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 - 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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