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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 | Feb 2014

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

The Hotels & Motels market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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 SWOT Analysis Chapter

The Hotels and Motels industry is in the mature phase of its life cycle. The downturn in revenue in 2009, when the industry tumbled 7.4%, was directly attributed to the recession as well as the industry's heavy dependence on tourism and aggregate consumption levels. However, over the long term, the industry has exhibited consistent growth. Over the 10 years to 2019, industry value added (IVA), which measures an industry's contribution to GDP, is forecast to grow at an average rate of 3.8% per year, above GDP growth of 2.7% over the same period.

Domestic travel growth is expected to continue over the next five years, although at a slower rate than international tourism, due to businesses' travel needs and consumers' increased leisure time and income... 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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