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 | Aug 2015

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
Annual Growth 10-15
Annual Growth 15-20
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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 - Industry Analysis Chapter

The Hotels and Motels industry has experienced robust growth over the five years to 2015. 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 tourists, 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 3.5% in 2012, as international travel into the United States spiked by 7.1% over the same year. Consequently, revenue is expected to increase at an average annual rate of 3.7% to $162.0 billion in the five years to 2015... 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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