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Hotel Construction in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Hotel Construction Market Research Report | Specialist Engineering, Infrastructure & Contractors | Commercial & Institutional Buildings | Feb 2015

Building up: Rising disposable income and overall economic improvement will aid demand

IBISWorld’s Hotel Construction 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
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$20bn
Annual Growth 10-15
9.6%
Annual Growth 15-20
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Profit
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Employment
237,493
Businesses
815
Industry Analysis & Industry Trends

During the recession, occupancy rates fell, and hotels and motels shelved expansion plans and delayed openings, resulting in lower underlying demand for contractors specializing in hotel and motel construction. Occupancy rates and room rates have increased steadily since then, which has helped underpin rising demand for hotel expansions and new construction. As disposable incomes rise and consumers return to spending on hotel stays, demand for construction work on hotels and motels will continue to expand due to rising occupancy rates at existing accommodations.... purchase to read more

Industry Report - Industry Products Chapter

General contracting

Companies operating in the Hotel Construction industry primarily provide contracting services, such as new work, additions, alterations, maintenance and repairs for hotel and motel facilities. General contracting is estimated to account for about 57.2% of industry revenue in 2015. Typically, construction firms obtain contracts through tendering, or quoting a price to the property developer. Contracts usually require the general contractor to oversee all aspects of the project, including quantity surveying, material purchases, skilled labor and subcontractor recruitment, and construction. The general contractor is expected to consult with project architects, financial providers and building regulators... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Hotel Construction Industry?

Operators and contractors in the Hotel Construction industry engage in new construction, addition, reconstruction and maintenance projects for accommodation establishments. These establishments range in size, but largely comprise hotels, motels, resorts and related structures.

Industry Products
General contractingRenovationsConstruction management servicesOther nonbuilding construction servicesSpecialty services
 
Industry Activities
Luxury hotel constructionUpper-upscale hotel construction Upscale hotel constructionUpper-midscale hotel construction Midscale hotel construction Economy hotel construction Independent hotel construction


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