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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 | Apr 2013

Building up: Recovering incomes and tourism rates will strengthen demand for hotels

The Hotel Construction 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
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$12bn
Annual Growth 08-13
-20.5%
Annual Growth 13-18
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Profit
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Employment
39,091
Businesses
2,010
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 Key Buyers Chapter

The Hotel Construction industry exhibits low market share concentration, with the top four companies estimated to account for about 10.1% of total industry revenue in 2013. The largest players are multinational general contractors (GCs) with the economies of scale and staff to take on massive, lucrative contracts for state-of-the-art structures. However, most industry participants are small-scale GCs that serve a narrow, local geographic region. While the industry's largest firms sometimes expand through mergers and acquisitions to gain market share, the prevailing model is to subcontract small and midsize firms when the project calls for it... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Hotel Construction Industry?

This industry includes operators that engage in new work, additions and reconstruction projects for accommodation establishments. This activity includes commercial construction projects for 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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